Analyzing the financial implications of a 25-year mortgage loan transaction can be a very difficult and complicated exercise. Even the slightest variation in down payment requirements and interest rates can have a significant effect on your finances. This is where the automated calculator offered by ezEstate can prove very beneficial for home buyers.
How can the mortgage calculator help you when buying a property worth 1 million AED for a period of 20 years at an interest rate of 4% with a 25% down payment? Just enter these details and the calculator will provide the following results:
For property described above, the calculator shows total repayment of 1,090,765 AED at an EMI of 4,545 AED. If loan repayment starts from May 2015, then the loan will be fully repaid in April 2034.
This tool offers the following advantages:
The calculator is a great tool for Dubai property buyers as well as those planning to make a purchase in the near future. Use the ezEstate calculator to demystify your Dubai mortgage transaction at no extra cost.
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