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Calculate a mortgage loan?



Mortgage loan calculation

Mortgage loan calculation

It is not always easy to find out which lender will give you the cheapest mortgage loan. The lender helps you with the calculation of a mortgage loan. On the basis of a number of data we show you which lender can get you the cheapest but also the best mortgage loan.

In our calculation, we take into account the desired loan formula, among other things. After all, you can choose between a mortgage loan with a fixed interest rate or one with a variable interest rate. Based on your choice, we provide a ranking of the lender with the best mortgage loan. Although you are not blind to the lowest interest rate. A loan with a fixed interest rate is usually more expensive than a loan with a variable interest rate. But reality sometimes turns out differently. You may have more money left over if you opt for a fixed interest rate.

For example, the price tag of a loan with a variable interest rate can increase considerably if the market interest rate rises. When you opt for a variable interest rate, you agree that the lender adjusts the interest rate at fixed times, for example, every five years. When the market interest rate is high, the lender will increase the cost of your loan. When the interest rate falls, the costs of the mortgage loan will become cheaper.

Fixed or variable interest

interest rate

A mortgage with a fixed interest rate is the ideal formula if you are convinced that the interest rates cannot go much deeper. In such a case you protect yourself against further interest rate fluctuations. If the interest rate nevertheless falls, you can consider having your housing loan refinanced. The lender will then charge you a reinvestment fee. This reimbursement will cost you a maximum of three months of interest.

The rates that we publish on our site are the official interest rates that the lender uses. The lender is free to adjust those rates at any time. For example, the lender can charge you a lower interest if, for example, you decide to take out fire insurance with the same financial institution. By comparing different lender you create a comfortable negotiating position.

Interest rates and product conditions change regularly. Because reliable comparisons are only possible on the basis of current data, the product information (such as interest data) that we provide is often updated daily, or as often as necessary.

Concrete example: The fixed annual cost percentage (APR): 2.20%, for an installment loan of $ 155,000 with a term of 25 years. The monthly repayment will be $ 670.50 for a total repayable amount of $ 201,149.53. The fixed annual percentage rate of charge may vary depending on the amount of credit, the duration of the credit contract, the withdrawal modalities or the chosen payment modalities. A mortgage loan for private individuals, subject to acceptance of your file and mutual agreement. Interest rates and product conditions change regularly. Because reliable comparisons are only possible on the basis of current data, the product information (such as interest data) that we provide is often updated daily, or as often as necessary. 

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