If you intend to buy an apartment or any other real estate on credit, it would be useful to calculate in advance the monthly payment of the mortgage. Knowing the possible amount of monthly payments, a potential borrower can easily calculate the maximum amount of mortgage, overpayment and loan term.

For accurate calculation of mortgage payments is very convenient to use this application. The application contains a set of mathematical formulas, is used to calculate all significant indicators of the loan. The most important function of the mortgage calculator is the calculation and storage of all parameters of the mortgage. Using a calculator, a borrower can easily calculate all the key terms of a mortgage: payments, mortgage amount, overpayment, terms, and others.

In order for the calculation result of the mortgage made on the calculator to be accurate, it is necessary to take into account such parameters as interest rate, various fees and commissions that may occur, as well as the down payment amount available to the borrower. Therefore, it will not be superfluous to clarify with the bank information about the size of the interest rate and commissions for the chosen credit program.

Remember that the calculations of this application do not claim accuracy and the calculations in your bank may differ. The reminder function does not replace the real payment function and you should not rely only on it. Always check the next payment date yourself, without using the program. Keep in mind that payment dates in banks can float.