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Your monthly payments under the Bank's Loan
The program will use the temporary file name, based on your eMail, but it is not eMail.
It needs only for calculation and for downloading the results, to avoid conflict with other users.
The site does not store and does not show your data to somebody after calculation.
We do not send any advertisements.
The method of calculation supposes equal monthly payments under the loan with constant bank's percent (ribit).
You make prediction for average annually price index, if you desire to get results with inflation index.
Insurance of the loan is about %1 and not taken into account.
Calculation is carried out for all period of payments.
You can enter the desirable period to show results after initial month of the loan,
or you can get the table for entire payment period.
You can make calculation also for the rest sum of the loan
with the rest term of payments,
if you already have payed loan some years before this calculation.
It will also to correct results with changes of inflation index.
DEMO of Loan Calculation
The Initiual Data inserted into Form below.
The User and Email are fictional.
Initial Fond $250,000
, term to payment 21 years and 6 months
Bank's Percent 8.5%
per Year, Average Inflation Index 4.2%
Show full results with interval 1 month.
Click button [ Submit ] under the Form and view Results.
After calculation you may see in last row 258 (=21*12+6 months):
You must return to Bank $545,102.20
without index inflation.
You must return to Bank $884,695.34
with index inflation.
1. Do not press twice button Submit, wait result some seconds.
2. You can download results of calculations from your browser
Right Click/Save As.. (your_file_name.TXT or CSV)
3. File CSV you can view in the MS Exel or OpenOffice with field separator | (near the Back Key).
Method and program of this calculation by Vitaly Eremenko, 2006.
The Site first published at July 11, 2004.
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