This application allows you to calculate the monthly payment of a mortgage by entering its amount, term and interest rate, even if a specific interest rate is applied at the beginning of the mortgage.
In particular, you can use it to estimate the payments to be made in fixed mortgages where two different rates of interest are to be applied.
You can use it with this type of mortgages:
- Maximum term: 35 years.
- Maximum interest rate: 100%.
- Maximum amount: 1000000$.
- Monthly payments. Each payment is consideredto be made at the end of the month.