Home loan calculator
Home loan interest calculator
Put in the apartment price, down payment, monthly payment and tenure. Makild will show the total extra amount over the apartment price and the implied annual rate behind that payment.
Tenure matters: the same monthly payment can mean very different rates over 10, 20 or 25 years.
Extra over apartment price
AED 690,000
Total outflow is AED 1,890,000 across down payment, monthly payments and fees.
- Implied annual rate
- 4.80%
- Effective annual rate
- 4.91%
- Loan amount
- AED 960,000
- Bank interest paid
- AED 690,000
- Loan to value
- 80.00%
- Payment months
- 300
Based on fixed monthly payments for the selected tenure.
What the rate means
The annual rate is the nominal yearly loan rate that makes the entered monthly payment match the calculated loan amount over the selected tenure. The effective annual rate shows the compounding impact of that monthly rate.
Calculation basis
- Loan amount equals apartment price minus down payment.
- Extra over apartment price equals down payment plus all monthly payments plus fees minus apartment price.
- Bank interest paid equals monthly payments over the tenure minus the loan amount.