Change in monthly repayment
short
The calculator compares a Spitzer loan at the current interest rate and the same loan at a new interest rate. It shows the change in the monthly repayment and the change in the total interest over the period.
Sensitivity test
What does a change in interest rate do to a mortgage?
Instantly compare the return and total cost before and after the interest rate change.
repayment at the current interest rate
Repayment at the new interest rate
Estimated change in the amount of interest for the entire period
How is the change calculated?
The calculation is based on the Spitzer formula: principal multiplied by the monthly interest, divided by one minus the negative power of one plus the monthly interest in the number of payments. The comparison assumes the same fund and period.
This is an illustrative scenario. In a prime, variable or indexed route, the actual payment index may change along the way. Redemption, linkage and insurance fees are not included. For current data see Center for indexes and interest rates.
reliability and transparency
How to properly use the result
The tool is intended for initial planning and comparing scenarios. The result is not a credit approval, appraisal, legal opinion or tax advice, and the actual decision depends on the data of the borrower, the property and the financing body.
without obligation
One call. thirty minutes free of charge
We will understand where you stand and tell you straight away if you have anything to save. If not, we'll say that too.
We do not receive commission from any bank. never.
