Use the calculator to display your amortization schedule.
Amortization schedule:
# | Balance | Monthly repayments | ||
---|---|---|---|---|
Interests | Principal paid | |||
0 | 100 000,00 | 0,00 | 0,00 | 0,00 |
1 | 100 000,00 | 8 537,85 | 375,00 | 8 162,85 |
2 | 91 837,15 | 8 537,85 | 344,39 | 8 193,46 |
3 | 83 643,68 | 8 537,85 | 313,66 | 8 224,19 |
4 | 75 419,50 | 8 537,85 | 282,82 | 8 255,03 |
5 | 67 164,47 | 8 537,85 | 251,87 | 8 285,99 |
6 | 58 878,48 | 8 537,85 | 220,79 | 8 317,06 |
7 | 50 561,42 | 8 537,85 | 189,61 | 8 348,25 |
8 | 42 213,18 | 8 537,85 | 158,30 | 8 379,55 |
9 | 33 833,62 | 8 537,85 | 126,88 | 8 410,98 |
10 | 25 422,65 | 8 537,85 | 95,33 | 8 442,52 |
11 | 16 980,13 | 8 537,85 | 63,68 | 8 474,18 |
12 | 8 505,95 | 8 537,85 | 31,90 | 8 505,95 |
Total: | 102 454,23 | 2 454,23 | 100 000,00 |
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APR – Annual percentage rate
Sometimes, the term “APR” refers to a nominal APR and sometimes to an effective APR or “EAPR”. This rate is annualized (it describes the interest rate for a whole year, rather than a monthly rate).
In general:
- The nominal APR: Simple interest rate. It is the rate for a payment period multiplied by the number of periods in a year.
- The effective APR (EAPR): it includes loan fees & compound interest rate (calculated across a year).
In the EU, as a form of consumer protection, the APR must be disclosed by lenders. It represents the “cost” of borrowing and makes loan offers comparision easier.