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Blog - page 6
More guides and examples for calculators, formulas and useful everyday concepts.
Articles
Page 6 of 10.
Real Estate · 5 min read
Common mortgage calculation mistakes
Avoid using the property price as principal, entering the wrong rate or overlooking closing and recurring costs.
Read articleReal Estate · 6 min read
How to compare mortgage offers
Put mortgage offers on the same basis and compare more than the headline monthly payment.
Read articleFinance · 6 min read
Extra loan payments: how they can reduce interest
See how extra principal payments can shorten a loan and reduce interest, and what to verify before paying early.
Read articleReal Estate · 5 min read
What is included in a mortgage payment?
Separate the base principal-and-interest payment from insurance, taxes, fees and other recurring housing costs.
Read articleFinance · 5 min read
Annual, monthly and daily loan rates: how to convert them
Convert nominal annual loan rates into simple monthly or daily rates and avoid mixing incompatible periods.
Read articleFinance · 7 min read
How to build a loan amortization schedule in Excel
Create an amortization schedule in Excel or Google Sheets with formulas for payment, interest, principal and balance.
Read articleFinance · 7 min read
How to compare two loans: rate, CAT, term and fees
Compare two loans fairly using the rate, Mexico’s CAT, payment, term, fees, insurance and total repayment.
Read articleReal Estate · 5 min read
Mortgage CAT vs. interest rate
Understand why Mexico’s annual total cost indicator can exceed the mortgage interest rate.
Read articleFinance · 6 min read
The French amortization system, explained
Understand why the French amortization method keeps payments level while the mix of interest and principal changes.
Read articleFinance · 5 min read
Monthly loan insurance: how it affects your payment
See how recurring loan insurance raises the all-in payment and what to ask about cost, coverage and cancellation.
Read articleReal Estate · 5 min read
Property price, down payment and mortgage amount
Distinguish the purchase price from the buyer’s cash contribution and the principal actually financed.
Read articleFinance · 6 min read
How to calculate interest on a loan
See how monthly interest is calculated from the outstanding balance and how to estimate total interest over a loan’s term.
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