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
Pris:	740 000,00	DKK
Down payment:	-148 000,00	DKK	148 000,00	DKK
Loan amount:	592 000,00	DKK
Loan length:	24	måneder
Interest rate:	8,00	%
Monthly payment:	26 774,56	DKK
Total payment on loan:	642 589,44	DKK	642 589,44	DKK
Expense in total:			790 589,44	DKK

Amortization Schedule
Måned	Payment	Interest Paid	Principal Paid	Remaining Balance
0				592 000,00
1	26 774,56	3 946,67	22 827,89	569 172,11
2	26 774,56	3 794,48	22 980,08	546 192,03
3	26 774,56	3 641,28	23 133,28	523 058,75
4	26 774,56	3 487,06	23 287,50	499 771,25
5	26 774,56	3 331,81	23 442,75	476 328,50
6	26 774,56	3 175,52	23 599,04	452 729,46
7	26 774,56	3 018,20	23 756,36	428 973,10
8	26 774,56	2 859,82	23 914,74	405 058,36
9	26 774,56	2 700,39	24 074,17	380 984,19
10	26 774,56	2 539,89	24 234,67	356 749,52
11	26 774,56	2 378,33	24 396,23	332 353,29
12	26 774,56	2 215,69	24 558,87	307 794,42
13	26 774,56	2 051,96	24 722,60	283 071,82
14	26 774,56	1 887,15	24 887,41	258 184,41
15	26 774,56	1 721,23	25 053,33	233 131,08
16	26 774,56	1 554,21	25 220,35	207 910,73
17	26 774,56	1 386,07	25 388,49	182 522,24
18	26 774,56	1 216,81	25 557,75	156 964,49
19	26 774,56	1 046,43	25 728,13	131 236,36
20	26 774,56	874,91	25 899,65	105 336,71
21	26 774,56	702,24	26 072,32	79 264,39
22	26 774,56	528,43	26 246,13	53 018,26
23	26 774,56	353,46	26 421,10	26 597,16
24	26 774,56	177,31	26 597,16	0,00

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