Calculating interest on real estate financing installments is very important for you who want to finance a house or apartment in the long term, but we know that many people are not worried about this, 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 real estate financing even before hiring it? It would be good, wouldn't it?
Here on our portal, Digital Seguro, you can find out about all the 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, to be able to turn this into reality, you need to take out some real estate financing, right?
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 for this loan works.
After all, isn't this account so simple?
We answered no, as it is not just based on dividing the purchase price 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 are knowledgeable about finance.
Calculation of real estate financing installments
The calculation of the most complicated real estate financing installments is 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 borrow 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$ 500 thousand divided by 360).
For you to understand better, the interest must 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 take R$ 500 thousand x 0.00583 = R$ 2,915.
See how simple it is?
Would you like to do other financing calculations? Click here and do a simulation financing online.
