How to Use LAW.com.sg's Simple Mortgagei
Calculator (Without Variable Interest)
>>Price of Home:
Enter the Purchase Price of the Property.
>>Percentage Down:
Enter the Percentage (%) of the Purchase Price to be paid in Cash.
For Example, if Property's Purchase Price is $1,000,000.00, and you
are using $100,000.00 cash and the balance $900,000.00 to be
financed by way a Bank Loan, then the Percentage Down is 10%.
>>Length of Mortgage:
Enter Term of Loan in terms of Years, eg. "12" Years [do not input the word "Years" in box]
>>Annual Interest Ratei (%):
Enter Interest Rate (One Rate only), eg. "2.5" %
Terms of Usage
We do not warrant the accuracy or correctness or
fitness for any purpose of the Mortgage Calculator, and reliance on its outputs
or calculations are strictly at your risk. If you do not agree to the terms
of usage, please do not use this Mortgage Calculator, or rely on its
calculation.