Home > Economics & Finance > Mortgage Loan Payment

Mortgage Loan Payment

10 September 2005 Leave a comment Go to comments

Calcutale Mortgage Payment : Normal Method

Current MLR = 5.75%/Year (As 26 Aug 2005)

Loan Amount:  $3000000 – Interest Rate:  5%

– Term of Loan (Years) :  30 , Pay :  $16,104.65
– Term of Loan (Years) :  25 , Pay :  $17,537.70
– Term of Loan (Years) :  20 , Pay :  $19,798.67
– Term of Loan (Years) :  15 , Pay :  $23,723.81
– Term of Loan (Years) :  10 , Pay :  $31,819.65

Loan Amount:  $3000000 – Interest Rate:  5.5%

– Term of Loan (Years) :  30 , Pay :  $17,033.67
– Term of Loan (Years) :  25 , Pay :  $18,422.62
– Term of Loan (Years) :  20 , Pay :  $20,636.62
– Term of Loan (Years) :  15 , Pay :  $24,512.50
– Term of Loan (Years) :  10 , Pay :  $32,557.88

Loan Amount:  $3000000 – Interest Rate:  6%

– Term of Loan (Years) :  30 , Pay :  $17,986.52
– Term of Loan (Years) :  25 , Pay :  $19,329.04
– Term of Loan (Years) :  20 , Pay :  $21,492.93
– Term of Loan (Years) :  15 , Pay :  $25,315.70
– Term of Loan (Years) :  10 , Pay :  $33,306.15

Calculate Mortgage Payment : Kasikornbank Method

From : Kasikornbank (As 11 Sep 2005) : MLR = 5.75, MOR = 6, MRR = 6.25
Interest = MLR + 1.5 = 7.25 (MLR 5.75 (Can not change MLR Rate when calculate))

Loan Amount:  $3000000 – MLR: 5.75%
(After I use normal method to calculate it seems that interest by Kasikornbank method is 7.5%)

– Term of Loan (Years) :  30 , Pay :  $21,500
– Term of Loan (Years) :  25 , Pay :  $22,700
– Term of Loan (Years) :  20 , Pay :  $24,700
– Term of Loan (Years) :  15 , Pay :  $28,300
– Term of Loan (Years) :  10 , Pay :  $36,100

Meaning
Minimum Loan Rate (MLR)
Minimum Overdraft Rate (MOR)
Minimum Retail Rate (MRR)
Housing Loan Rate (HLR)
General Lending Rate (GLR)
Adjustable-Rate Mortgages (ARMs)

Categories: Economics & Finance
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: