Calculating interest on the installments of a mortgage loan is very important for you who intend to finance a house or an apartment in the long term, but we know that many people are not worried about it, so we have prepared a special article for you. clear your doubts.
How about you know precisely how much interest you will pay on each installment of your mortgage before you even hire it? It would be a good one, wouldn't it?
Here on our portal, Digital Seguro, you can find all information about interest, financing, real estate credit, and much more.
Find out below how you can calculate the interest on your mortgage.
After all, how to calculate the installments of a real estate financing?
Buying your own home is still the goal of many Brazilians, however, in order to turn this into reality, it is necessary to hire some real estate financing, isn't it?
But sometimes it is not always possible to honor the payment of installments on time, for this it is essential to have a financial education, and therefore it is necessary to understand how the calculation of installments of this loan works.
After all, isn't this account so simple?
We answer no, as it is not based solely on dividing the value of the purchase of the house or apartment by the number of installments. It is necessary to consider some variables when carrying out this operation, such as the interest rate, which makes this calculation more suitable for people who have knowledge about finance.
Calculation of installments of real estate financing
The calculation of installments of real estate financing is more complicated by private institutions. The installment is decreasing because interest will always be calculated on top of the remaining debt balance, which decreases every month.
Let's take an example: if you borrowed R$ 500 thousand from the bank, to be paid in 360 months, with interest of 7% per year, the amortization amount will be R$ 1,388.88 (R$ 500k divided by 360).
For you to understand better, interest needs to be added:
Understand: you need to divide the 7% by the 12 months of the year to find the interest per month. So 7% divided by 1200 = 0.0058333%. Now just get R$ 500k x 0.00583 = R$ 2,915.
See how simple it is?
Would you like to make other financing calculations? Click here and do a simulation financing online.
