This is mortgage calculator. It helps you to calculate interest on mortgage and to generate loan amortization.

If you would you like to track income and expenses, or if you want to manage cashflow, we got you covered; This is because we have a team of experienced personnel in accounting technologies. You can reach us via our contact page for intuit QuickBooks software, custom QuickBooks integration, payroll systems, or for software development consulting.

Mortgage Calculator

 
SEE ALSO:   Pension Calculator   |  Tax Calculator  |  Loan Calculator  |  Salary Calculator  

₦
%
%
₦
years

Monthly Repayment (₦) 4,540.99
Total Loan Payment (₦) 108,983.86
Loan Amount (₦) 100,000.00
Total Interest Paid (₦) 8,983.86
Number of Installments [n] 24.00
Loan Rate (%) 8.40
Loan Years (years) 2.00
Down Payment Amount (₦) 0.00
First Payment Date Nov-2020
Last Payment Date Oct-2022
 

Mortgage Loan Repayment Schedule

S/N Payment Date Current Balance Month Payment Interest Paid Principal Paid New Balance
S/N Payment Date Current Balance Month Payment Interest Paid Principal Paid New Balance
1 Nov-2020 100,000.00 4,540.99 700.00 3,840.99 96,159.01
2 Dec-2020 96,159.01 4,540.99 673.11 3,867.88 92,291.12
3 Jan-2021 92,291.12 4,540.99 646.04 3,894.96 88,396.17
4 Feb-2021 88,396.17 4,540.99 618.77 3,922.22 84,473.95
5 Mar-2021 84,473.95 4,540.99 591.32 3,949.68 80,524.27
6 Apr-2021 80,524.27 4,540.99 563.67 3,977.32 76,546.95
7 May-2021 76,546.95 4,540.99 535.83 4,005.17 72,541.78
8 Jun-2021 72,541.78 4,540.99 507.79 4,033.20 68,508.58
9 Jul-2021 68,508.58 4,540.99 479.56 4,061.43 64,447.14
10 Aug-2021 64,447.14 4,540.99 451.13 4,089.86 60,357.28
11 Sep-2021 60,357.28 4,540.99 422.50 4,118.49 56,238.79
12 Oct-2021 56,238.79 4,540.99 393.67 4,147.32 52,091.46
13 Nov-2021 52,091.46 4,540.99 364.64 4,176.35 47,915.11
14 Dec-2021 47,915.11 4,540.99 335.41 4,205.59 43,709.52
15 Jan-2022 43,709.52 4,540.99 305.97 4,235.03 39,474.49
16 Feb-2022 39,474.49 4,540.99 276.32 4,264.67 35,209.82
17 Mar-2022 35,209.82 4,540.99 246.47 4,294.53 30,915.29
18 Apr-2022 30,915.29 4,540.99 216.41 4,324.59 26,590.71
19 May-2022 26,590.71 4,540.99 186.13 4,354.86 22,235.85
20 Jun-2022 22,235.85 4,540.99 155.65 4,385.34 17,850.50
21 Jul-2022 17,850.50 4,540.99 124.95 4,416.04 13,434.46
22 Aug-2022 13,434.46 4,540.99 94.04 4,446.95 8,987.51
23 Sep-2022 8,987.51 4,540.99 62.91 4,478.08 4,509.43
24 Oct-2022 4,509.43 4,540.99 31.57 4,509.43 0.00
  Fields marked * are required.
.