Currently, mortgage loans are very popular among the population. Of course, this is quite convenient, because buying housing today, you can pay for it for a long period of time. Undoubtedly, Sberbank is the leader in providing mortgages.
Instructions
Step 1
Calculating mortgage payments is pretty straightforward. To begin with, the product of the amount of the requested loan is determined by the level of the interest rate, as well as by the loan term in months. The result is an overpayment for the entire loan period. If you add up the loan amount and the overpayment, and divide the resulting number by the number of months of lending, you get the loan payment.
Step 2
However, it should be remembered that Sberbank offers differentiated mortgage payments. In this case, as a result of the above calculation, the amount of the first payment will be obtained, subsequent payments will decrease, since the balance of the principal debt decreases every month. The most accurate calculation can be obtained using the "Loan Calculator" program, which is available for each credit inspector, as well as on the Sberbank website.
Step 3
Please note that interest rates on mortgages offered by Sberbank are not the same. Their level depends on the term of the loan, the size of the down payment, as well as the currency of the loan. The shorter the loan term and the larger the client's own funds invested in housing, the lower the interest rate.
Step 4
The loan amount provided by Sberbank to a client cannot exceed 90 percent of the cost of finished housing or the estimated cost of a construction project. The maximum loan term is 30 years. But it should be remembered that, despite a smaller payment for a longer period, the final mortgage overpayment will be much higher.
Step 5
When calculating a mortgage loan, you need to take into account that the collateralized property (house or apartment) is subject to mandatory insurance. In this case, the costs associated with insurance also fall on the shoulders of the borrower.
Step 6
Currently, Sberbank does not have any commissions associated with opening and maintaining a loan account, considering an application, etc. This is a rather advantageous condition for the client, thanks to which he is freed from unnecessary overpayments.
