Business Analysis : The best mortgage simulator network

Saturday, October 5, 2013

The best mortgage simulator network

When the entrepreneur wants to buy your first home, expanding your home , buy a home or apply for a loan to improve your financial situation , it is important to know that this will entail costs . Here we analyze one of the best online mortgage simulators .

Mortgages : Interest and fees .

Available on the market a lot of options to order mortgages. More than 50 boxes and banks offering many options, different conditions and requirements , which can be confusing to the potential borrower.

In turn , the entrepreneur will seek to keep in mind the costs that the mortgage carries , monthly installments and interest to be paid late on your loan .

For this, there are loans or credit simulators that allow the user to calculate mortgage costs , interest and fees , according to the requested amount , the repayment period and the conditions imposed by the financial institution .
The best predictor of credit.

Beyond that the accounts involved a mortgage may be using a calculator or spreadsheet, the user can avoid this issue by using this simulator cumbersome mortgage :

Euribor mortgage simulator .

While almost all financial companies offer loans calculations , you never know if the program you are using will reflect the truth or the interests of the bank.

By using the simulator Euribor mortgages , an official agency neutral , you may lose the fear that this is the case .

In Euribor.com place in the main bar , the simulator can be accessed by clicking the " Simulator " . Once on this page , you must enter a series of data for the calculation of cash loans is as follows:

Mortgage amount (amount) .
Euribor ( if the interest is variable).
Euribor difference ( percent +2 , +3 percent , etc . ) .
Duration (time ) .
Start Date (when it starts paying ) .
Taxes (if any) .

Example .

Quantity to mortgage : 250,000 euros.
Euribor : 2 percent.
Euribor Difference : 0.5 percent.
Duration : 30 years .
Start date : August 2011 .
Taxes : 5 percent.

Results .

Monthly Payment: 2069.88 euros.
Total interest : 82657.53 euros.
Total tax : 375,000 euros.
In 360 payments ( 30 years ) : 745,157.53 euros.
End of the mortgage : June 2041 .
Unlike Euribor Total : 37,500 euros.

In turn , the simulator provides a table of monthly payments with amortization included, and a number of very useful graphics for the investor to know your payments , interest and financial possibilities in the long run .

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