Worked Examples: Mortgage, Loan, SIP and FD Figures — MoreCalculators

United States: mortgages

What a mortgage costs each month, what PMI does and how the down payment changes the home you can buy.

$250,000 Mortgage Payment: 30 Years at 6.5% $1,580 a month at 6.5% over 30 years, with the total interest and what changes it. $300,000 Mortgage Payment: 30 Years at 6.5% $1,896 a month at 6.5% over 30 years, with the total interest and what changes it. $400,000 Mortgage Payment: 30 Years at 6.5% $2,528 a month at 6.5% over 30 years, with the total interest and what changes it. $500,000 Mortgage Payment: 30 Years at 6.5% $3,160 a month at 6.5% over 30 years, with the total interest and what changes it.

United States: auto loans, personal loans and credit cards

The payment, the interest and what a longer term or a bigger payment changes.

$30,000 Auto Loan: 60 Months at 7% $594 a month for 60 months at 7%, and what a longer or shorter term costs. $40,000 Auto Loan: 72 Months at 7.5% $692 a month for 72 months at 7.5%, and what a longer or shorter term costs. $10,000 Personal Loan: 36 Months at 12% $332 a month for 36 months, and what a 3% fee does to the real cost. Paying Off a $5,000 Credit Card at 22% APR: $150 a Month 4 years 4 months and $2,798 in interest at $150 a month, against the minimum-payment trap.

United Kingdom: mortgages

Monthly repayments, plus the stamp duty on the home each deposit buys.

£200,000 Mortgage: Monthly Payment Over 25 Years at 4.5% £1,112 a month at 4.5% over 25 years, with the total interest and what changes it. £250,000 Mortgage: Monthly Payment Over 25 Years at 4.5% £1,390 a month at 4.5% over 25 years, with the total interest and what changes it. £300,000 Mortgage: Monthly Payment Over 25 Years at 4.5% £1,667 a month at 4.5% over 25 years, with the total interest and what changes it.

Canada: mortgages

Payments with semi-annual compounding, the minimum down payment and CMHC insurance.

C$500,000 Mortgage Payment in Canada: 25 Years at 5% C$2,908 a month at 5% over 25 years, with the total interest and what changes it. C$600,000 Mortgage Payment in Canada: 25 Years at 5% C$3,490 a month at 5% over 25 years, with the total interest and what changes it. C$700,000 Mortgage Payment in Canada: 25 Years at 5% C$4,071 a month at 5% over 25 years, with the total interest and what changes it.

India: loan EMIs

What a loan costs each month and over its full term.

EMI on a ₹20 Lakh Home Loan: 8.5% for 20 Years Monthly EMI, total interest and the full schedule for a ₹20 lakh loan. ₹50 Lakh Home Loan EMI: 8.5% for 20 Years What a ₹50 lakh loan costs, and how rate and prepayment change it. ₹10 Lakh Personal Loan EMI: 12% for 5 Years EMI at 12%, and the flat-rate trap that makes a quote look cheaper than it is. ₹8 Lakh Car Loan EMI: 9% for 5 Years Car loan EMI, and how much you owe while the car loses value.

India: SIP and investing

What a monthly investment could grow to, and what it takes to reach a goal.

₹5,000 SIP for 10 Years: What It Could Grow To Year-by-year growth of ₹5,000 a month, and why the first decade is slow. ₹10,000 SIP for 15 Years: What It Could Grow To Why more than half of a 15-year SIP is earned in the final five years. SIP Needed for ₹1 Crore in 15 Years The monthly SIP needed for ₹1 crore, by years and by return rate.

India: deposits and savings schemes

Fixed returns from FDs, RDs and PPF.

₹5 Lakh FD for 5 Years: Maturity at 7% FD maturity, interest per year, tax on it, and the insurance limit. PPF: ₹1.5 Lakh a Year for 15 Years PPF maturity at the maximum deposit, and what a 5-year extension adds. ₹5,000 Monthly RD for 5 Years at 7% RD maturity, and why an RD earns about half what the same money earns in an FD.

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