Hello , friends buy property in Paris is very complex process for every , where they are resident or a non-resident. Now you have to know and understand the complex process of French mortgage system. Where the property are very costly and taking load from bank have big process. if any one want to calculate the interest rates and repayment options many more get help from the Paris Mortgage Calculator.

What is Paris Mortgage Calculator ?

Paris Mortgage Calculator is a free and smart online tool to help the people for calculating the monthly instalment for those, who are interested to buy any real state properly are house. this calculator are very useful in daily life uses to help in find out load amount, interest rate and loan duration . they are clearly told the Monthly EMI after providing the correct data to required section.

This calculator mostly used to which are Planning to take a home loan from French banks or financial institutions and want to make financial budget .This calculator not only brings transparency but also helps in proper financial planning.

Why Paris Mortgage Calculator required ?

Here we are see why this Paris Mortgage Calculator required to most of the people .

1. Monthly instalment :- Paris Mortgage Calculator are very help full in the calculating the Monthly instalment . ( on the basis of loan amount, interest rate, loan duration )
2. How loan amount approved :- They may also help to calculating the loan amount approved. ( on the basis of your income )
3. Help in financial planning

How Paris Mortgage Calculator work ?

This calculator are provided the accurate result as per the provided data. You have to know that Many of the information has required for the calculation like –

• Property prize :- ( ici vous devez placer le prix de la propriété en €)
• Down payment :- (Dans cette section, vous trouverez les informations sur le montant que vous souhaitez verser au moment de l’achat d’une propriété)
• Loan duration :- (La durée du prêt est désormais indiquée en année)
• Interest rate :-(Enfin, vous devez remplir le taux d’intérêt lorsque vous obtenez le prêt)

Now after all you have to click on the button “calculate mortgage“. after that you will get result .

Paris Mortgage Calculation Formulas

Here are EMI formula

Total Interest Payable :-Total Interest = (EMI × n) – P

Total Cost of Property

Total Cost = Property Price + Total Interest + Fees

Loan-to-Value (LTV) Ratio

LTV = (Loan Amount / Property Value) × 100

Calculation Example of the Paris Mortgage Calculator

Here are the input of Calculation For a €500,000 property with 20% down payment (€100,000), 3.5% interest over 20 years: Here are the calculation given below-

1. Principal (P) = €500,000 – €100,000 = €400,000
2. Monthly rate (r) = 3.5%/12 = 0.0029167
3. Payments (n) = 20 × 12 = 240

EMI = [400,000 × 0.0029167 × (1+0.0029167)^240] / [(1+0.0029167)^240 – 1]
= €2,298/month

Total Interest = (2,298 × 240) – 400,000 = €151,520
Total Cost = 500,000 + 151,520 = €651,520

The Key Variables which are Impacting Calculations they are listed below:-

1. If you are higher the down payment amount then EMI amount will Lower.
2. If loan tenure longer then EMI amount reduced but higher total interest

Also Check:-

1. Car Payoff Calculator: Pay Your Car Loan Early
2. Home Reversion Plan Calculator For Equity Release