With the loan calculator, you can calculate the amortization schedule online, including the annuity, remaining debt, interest portion, and principal repayment portion, as well as the loan term and the effective interest rate according to the German Price Indication Ordinance (PAngV).
1) Calculating the annuity:
Enter the interest rate, the loan amount (present value), and the number of repayment installments. Optionally, enter a final loan balance, cost per repayment installment, and initial costs (one-time costs such as setup fees, etc.). Click 'Calculate.' The calculator will then calculate the annuity and the effective interest rate according to the German Price Indication Ordinance (PAngV), taking into account setup fees and costs per annuity.
2) Calculating the loan amount (present value):
Enter the annual interest rate, the number of repayment installments, and the annuity amount. Optionally, enter a final loan amount, cost per annuity, and initial costs (one-time costs such as setup fees, etc.). Click 'Calculate.' The calculator will then calculate the loan amount (present value) and the effective interest rate according to the German Price Indication Ordinance (PAngV), taking into account setup fees and cost per repayment installment.
3) Calculating the effective interest rate according to the German Price Indication Ordinance (PAngV):
Enter the number of annuities, the loan amount (present value), and the annuity. Optionally, enter a final loan amount, cost per annuity, and initial costs (one-time costs such as setup fees, etc.). Click 'Calculate.' The interest rate is calculated according to the German Price Indication Ordinance (PAngV), taking into account opening fees and costs per repayment installment.
4) Calculating the number of annuities:
Enter the interest rate, the loan amount (present value), and the annuity. Optionally, enter a final loan amount, costs per annuity, and initial costs (one-time costs such as opening fees, etc.). Click 'Calculate.' The number of annuities and the effective interest rate, including opening fees and costs per annuity, will be calculated.
Select the payment method depending on whether the repayment installment is payable monthly, quarterly, semi-annually, or annually. Please note that the interest rate always refers to an annual period, regardless of the payment method selected.
Amortization schedule:
The amortization schedule will be generated after the calculation. The amortization schedule shows the annuity, the interest portion, the principal repayment portion, and the remaining debt over time.
Print amortization schedule:
Click 'Print amortization schedule' to print the amortization schedule.
Registered users can save calculations. Further information about this function and the terms of use can be found here.
