Housing Loan Calculator

Housing Loan Calculator

In calculating one's housing loan payment amount over a period of time, one can use a housing loan calculator. A housing loan calculator provides an easy method to crunch some data to produce useful information on housing loan calculator.

There are many types of housing loan calculator on the net. A good housing loan calculator should be easy to use, provided quick results and is accurate in its housing loan calculator function.

Most banks provide an online version of housing loan calculator for their banking customers.

You should get hold of any housing loan calculator, so that you can calculate how much are your monthly loan repayments. If your housing loan is pegged to Sibor rates, a housing loan calculator can provide answers on your housing loan payment amounts.

Housing Loan Rate

Housing Loan Calculator

Housing Loan Calculator

Using Housing Loan Calculator, we present calculations for a housing loan for a property purchase of $1,000,000 to be paid over 20 years at 3% interest rate per annum throughout.

Here is the detail of Housing Loan Calculator:

Property Price = $1,000,000

Loan Tenure = 20

5% cash downpayment = $50,000
15% CPF downpayment = $150,000
Amount of Loan = $800,000

YEAR | Monthly Repayment

1 = $4,437.78

2 = $4,437.78

3 = $4,437.78

etc

At end of 20 years repayment:

Total Payments towards interest = $264,827.39
Total Payments towards principal = $800,000.00
Total Principal plus interest paid = $1,064,827.39


Housing Loan Rate