Loan Calculation

This loan calculator is excellent to provide loan estimates, and to calculate 'what if ...' scenarios.

Down payment: Some banks and finance companies require the client to pay a certain amount (e.g. minimum 20% of the price) as down payment.

Remark: Many banks and finance companies request an initial fee to establish the loan and an additional annual fee to manage the loan. These fees are not included in this calculation. Contact your bank or finance company in order to get an exact calculation.

	Calculation		Expense
Hinta:	185 000,00	DKK
Down payment:	-37 000,00	DKK	37 000,00	DKK
Loan amount:	148 000,00	DKK
Loan length:	24	months
Interest rate:	8,00	%
Monthly payment:	6 693,64	DKK
Total payment on loan:	160 647,36	DKK	160 647,36	DKK
Expense in total:			197 647,36	DKK

Amortization Schedule
Month	Payment	Interest Paid	Principal Paid	Remaining Balance
0				148 000,00
1	6 693,64	986,67	5 706,97	142 293,03
2	6 693,64	948,62	5 745,02	136 548,01
3	6 693,64	910,32	5 783,32	130 764,69
4	6 693,64	871,76	5 821,88	124 942,81
5	6 693,64	832,95	5 860,69	119 082,12
6	6 693,64	793,88	5 899,76	113 182,36
7	6 693,64	754,55	5 939,09	107 243,27
8	6 693,64	714,96	5 978,68	101 264,59
9	6 693,64	675,10	6 018,54	95 246,05
10	6 693,64	634,97	6 058,67	89 187,38
11	6 693,64	594,58	6 099,06	83 088,32
12	6 693,64	553,92	6 139,72	76 948,60
13	6 693,64	512,99	6 180,65	70 767,95
14	6 693,64	471,79	6 221,85	64 546,10
15	6 693,64	430,31	6 263,33	58 282,77
16	6 693,64	388,55	6 305,09	51 977,68
17	6 693,64	346,52	6 347,12	45 630,56
18	6 693,64	304,20	6 389,44	39 241,12
19	6 693,64	261,61	6 432,03	32 809,09
20	6 693,64	218,73	6 474,91	26 334,18
21	6 693,64	175,56	6 518,08	19 816,10
22	6 693,64	132,11	6 561,53	13 254,57
23	6 693,64	88,36	6 605,28	6 649,29
24	6 693,64	44,33	6 649,29	0,00

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