### Mortgage calculator

is an instrument which will help you count approximate cost for using of mortgage and select schedule of his redemption. Ie How much money in a period of time, you will need to make a credit institution, usually the bank (credit union), to repay the loan and fees for using credit.

### Fee for using of credit

is a sum of reward, which you pay the bank for giving you credit. This sum consists of once-only commission and monthly payments, which consist of interest rate and, may be, commission.

### Interest rate

is a sum of reward of the bank, count in a percentage ratio to the sum of credit for certain period of time /month, quarter, year/.

### One-time commission

is the fixed sum of reward of the bank, which pay once-only at the extension of credit. This sum can have both the fixed money value as a percentage ratio of the loan amount.

### The monthly fee for using credit

consists of monthly interest rate and, possibly, monthly commission, which may be the fixed sum or count in a percentage ratio of the loan amount.

### Annuity the chart of redemption of credit

is payment credit organization of equal sums monthly, not dependency upon a debt on the body of credit. This sum include part of redemption of credit body and percent for possessing a credit. This schedule is advantageous at the protracted crediting, as there is probability, that part of sum paid off due to inflation.

### Standart chart of redemption of credit

supposes monthly redemption of credit body equal parts and extra charge of percents for possessing a credit on the remain of debt. I.e. monthly diminishing of the paid sums.