The Loan Remaining Balance Calculator help you calculate the balance that will remain on your home loan after a certain period of time.
- It does not take into account any possible fees i.e. up-front fees or ongoing fees.
- Interest rate does not change over the loan term.
- Interest is calculated by compounding on the monthly repayment. In practice, interest compounding frequency may not be the same as repayment frequency.
- No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.