Formulas for calculating your mortgage yourself

Why do a mortgage calculation?

You are planning to take out a decent loan for a long period of time. And every month you will give the bank a decent amount, often 30-50% of the family budget. The mortgage loan calculator will let you know what you can expect. More precisely:

• how much money can you generally draw? According to the unspoken conditions of the lenders, no more than half of the family budget or personal budget should be spent on paying off the mortgage, or personal budget if there is only one borrower;
• real estate of what value you can afford and purchase. You can immediately weed out offers that are clearly beyond your means;
• choose a convenient term for concluding a loan agreement. You can “play” with the parameters, calculate the mortgage on different conditions. As a result, choose the ideal conditions for yourself;
• you will see an exact payment schedule under given conditions, indicating the overpayment. This is also an important indicator. By changing the loan parameters, you will see how the overpayment changes and what it depends on.

The online mortgage calculator on Brobank.ru is free. The service is available to everyone around the clock.

Documents for obtaining a mortgage

Exactly what documents are required depends on whether the mortgage is issued with or without proof of income. If income is not confirmed, then the client only needs to present a passport and any other identification document.

Income is confirmed by a 2-NDFL certificate with earnings for the last six months (3-NDFL for the same period), a certificate in a bank form or an extract from a personal pension account if the borrower receives a pension. Individual entrepreneurs and self-employed persons are also considered as clients.

What you need to calculate your mortgage using a calculator

You need to know the parameters of the home loan you are planning to take out. Pre-select a bank and look at its tariffs to see what percentage they can offer you. After this, you can calculate the mortgage using the calculator.

The system needs the following information:

• the cost of real estate or the loan amount, that is, the price of housing minus the down payment;
• term of the contract;
• interest rate;
• payment start date;
• type of payments.

As for the type of payments, in the vast majority of cases equal payments are used, that is, the annuity scheme works. You will give the bank the same amount every month. Differentiated payments, that is, reduced ones, are extremely rare. All major mortgage banks in the Russian Federation do not use them.

You can change the data an infinite number of times and calculate the mortgage on the calculator under different conditions. In the end, you will find exactly the ideal layout. Play with terms, amounts, choose the best conditions.

Approved amount calculator

How old are you? Question 1 of 10
What is your age?

What's your gender?

Family status?

Where do you live?

What is your monthly income?

Last job experience? What is your position?

Do you have dependents (children, disabled people)?

Have you taken out loans before? Do you have open loans?

How much do you pay per month on loans?

What is your credit history? How many days are you overdue?

What education do you have? Do you have a car?

Which one?

We are calculating the limit, wait a little 00:20

You will find out the pre-approved amount that the bank can give you. The calculation is for informational and reference purposes only and is not a guarantee, since each bank has individual conditions.

You can get 292 000 ₽

The calculation is approximate and not final, since the bank takes into account many other parameters of the questionnaire. Apply now on the website and receive an instant decision online.

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How is the mortgage amount calculated?

You can calculate a mortgage on Brobank.ru using two methods - by the loan amount and by the value of the property. When calculating by amount, you indicate the amount of money that will ultimately go on credit. It is for this limit that the contract is concluded, and interest is accrued on it.

The amount is the cost of the property purchased with a mortgage minus the down payment and all subsidies that will be applied during registration. For example, if you take out a loan using maternity capital, its amount must be subtracted from the price of the apartment.

You calculate the amount that will go on loan, choose the term of the agreement and the interest rate. Then set the payment start date and click on the “Calculate” button. The online mortgage calculator will immediately calculate the payment, overpayment and display a payment schedule.

The online calculator calculates your mortgage using the information you enter. But in the end, the bank may specify other conditions, which will become clear after reviewing the application. Therefore, the information provided by the program is not a public offer.

Professional mortgage calculator

Every year, selling real estate with a mortgage is becoming more and more popular. With current housing prices, it is becoming increasingly difficult to save the required amount of money to buy an apartment or other real estate. But even if there is money for the purchase, it often turns out to be more profitable not to withdraw it from circulation, but to purchase an apartment with a mortgage. It is not surprising that mortgages and mortgage lending are capturing an increasingly large part of the real estate market not only in Moscow and the Moscow region, but in many regions of Russia.

Basic calculators for loan parameters are now available on many websites, primarily on the websites of mortgage banks and mortgage brokers. However, as a rule, they only allow you to calculate the monthly payment and the loan amount based on your income, but do not allow you to conduct a full analysis of all loan parameters. Therefore, the analytical center has developed a new generation mortgage calculator that allows you not only to calculate basic loan parameters, but also to analyze the interdependence of all parameters, as well as identify the optimal loan characteristics for you.

For example, with a known amount of your income, you do not have enough to buy the desired apartment. What can you do to increase your loan amount without exceeding your monthly payment limit? How will an increase or decrease in the loan term affect the loan parameters? Does it make sense to fight for a slight reduction in the loan rate - will this save much? What do you gain by finding a bank that provides a loan with a lower down payment? You can get answers to all these questions with a professional mortgage calculator from.

However, when calculating mortgage loans in the current environment, there is another tangle of technical difficulties - different currencies that you have to deal with. For example, the price of an apartment for purchase may appear in rubles, it is more profitable for you to take out a loan in dollars, since the rates are lower, and you keep your savings for the down payment in euros, which have been growing in recent years against the dollar and ruble. In the mortgage calculator from you can indicate all amounts in different currencies - the calculator itself will convert them to the loan currency, in which you will then have to pay the bank. And this is not all the capabilities of the mortgage calculator from the Real Estate Market Indicators analytical center, a number of which are still planned to be added in the near future.

• Get started with the mortgage calculator

Calculate a mortgage with a down payment using a calculator

The second calculation option is based on the value of the property, taking into account the down payment. In this case, to calculate the monthly mortgage payment, you must enter the following data into the program:

• the cost of the property you plan to purchase;
• the amount of the down payment, usually banks ask for a minimum of 15% of the price. Some companies allow you to use maternity capital as a down payment in whole or in part;
• loan term in months;
• interest rate;
• payment start date.

In general, the mortgage payment calculator produces an identical result regardless of the calculation method. If the initial data is ultimately the same, then the payment schedule along with the overpayment will be exactly the same.

Monthly payment calculator

How much do you need?
For how long?

Proc. rate 7.7% per annum Payment per month 100 ₽

Amount of payments 10,000 ₽ Overpayment 1,000 ₽

Payment schedule

Payment schedule

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How to correctly determine the interest rate

In order for the mortgage repayment calculator to work correctly, you must enter as accurately as possible information about the interest rate. Take the information from the bank’s website or the Brobank.ru portal (the portal contains a description of all popular housing programs).

Typically, banks indicate the minimum percentage for the program. For example, in Sberbank, when purchasing an apartment on the secondary market, a rate of 7.3% per annum is assigned. But calculating at the minimum rate is the wrong option. Then you will be surprised that in the end the bank approved a completely different percentage.

The fact is that banks apply increasing coefficients, and the initial rate is simply the base rate. The rate may increase for refusal of insurance, for applying to a non-payroll bank, for a small down payment, etc.

Before you calculate your mortgage yourself using a calculator, study the bank’s rate grid for the selected program and look at the list of all decreasing and increasing coefficients. As a result, you will be able to more or less accurately understand what percentage will be relevant for you.

Customer Reviews

Write a comment

1. Rudnev Vladimir
   09.28.2021 at 15:28

   We decided to take out a secondary mortgage. We didn’t really struggle with choosing a bank, because... My wife is an employee of Sberbank and has a small discount on the % rate, so we registered there. They gave us 8%, which is very good in my opinion. The down payment is 10%, but we don’t have it and that’s why we took the apartment “overpriced”, no problems, we just need to negotiate with the sellers. In general, everything went well, quickly, almost everything was done remotely. Of course, no one likes bondage for 20 years, but where to go)

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Why in 2021 it is better to calculate your mortgage through a universal service

When researching mortgage products on banking websites, you will see their own programs. The bank offers to immediately calculate your mortgage; each housing product has its own calculator on the page.

But there is one big drawback - the bank’s own mortgage calculator almost always calculates at a reduced rate, often simply at the base rate. As a result, the potential borrower sees one result, and after approval he is surprised that the actual interest and payments turned out to be higher.

The universal program Brobank.ru is an independent mortgage interest calculator. It makes a calculation based on the data you provide. And if you study the bank’s betting grid, the result will be as accurate as possible.

Requirements for borrowers

The bank considers citizens of the Russian Federation as borrowers. Age restrictions are standard - from 21 to 75 years. The borrower must have permanent registration in the region where the agreement was executed (location of the object). The spouse who is legally married to the client always acts as co-borrowers on the loan.

Work experience at the current place - from 3 months. There are no general experience requirements. Employment and availability of permanent income are confirmed at the discretion of the client. Sberbank does not request this data, but in its absence, general mortgage conditions may worsen.

How to calculate correctly

For example, you receive a salary of 50,000 rubles. In this situation, you need to pay no more than 25,000 rubles in monthly payments. We will keep this amount in mind.

Let's say you want to purchase an apartment worth 3,000,000 rubles. The bank will require an initial payment of 15%, which is 450,000 rubles, which should be in your hands (can be replaced with maternity capital).

Now we use a mortgage calculator to calculate your mortgage:

• loan amount - 2,550,000 rubles;
• We take the average rate for secondary housing - 8% per annum;
• First we set the period to 10 years. The payment is 30,393 rubles. It's a lot;
• We set the period to 12 years, that is, 144 months. The result will be a payment of 27,600 rubles. It also slightly exceeds the 25,000 bar, but in general you can try to apply;
• if you choose 15 years, that is, 180 months, the payment will be 24,396 rubles. In this situation, you can quite count on approval.

But the exact payment schedule will be shown only after reviewing the mortgage. Each bank assesses the level of solvency of the borrower in its own way and takes into account all of its current obligations. As a result, for example, you can send a request for 15 years, and you will be approved for 17. But if you initially correctly assess your capabilities, you will get the conditions you expected.

How to get a mortgage for finished housing at Sberbank

You can find out a preliminary decision on your application by filling out a form on the Sberbank website or on the DomClick.ru service. If it is positive, a meeting is agreed with the client at the bank’s office. You can also attach all the necessary documents through the application form.

The final decision is made within 2-4 days. To apply for a mortgage loan, the bank will need an apartment appraisal report. This service is available on DomClick: the report will be prepared in 3 days, and the bank will receive it automatically.

Advantages of a mortgage from Sberbank

Sberbank is the largest bank with a large number of branches throughout Russia. 70% of all loans are issued from this bank. So, why is it worth choosing Sberbank?

• Minimum mortgage interest rate from 6%. It probably doesn’t get any lower (it’s worth clarifying that 6% is under the Young Family program)
• Easy to submit documents online via mobile banking.
• The largest network of ATMs, which will undoubtedly simplify the process of paying monthly payments, and if you have a Sberbank card, payments will be debited automatically.
• Possibility to get a mortgage without official proof of income. More details

Mortgage in Alfa-Bank

Apply for a mortgage from Alfa-Bank at a rate of 6.05% per annum for the purchase of housing under construction and finished housing. Clients have access to 4 mortgage programs for the purchase of apartments, apartments or other real estate. There is a refinancing and lending program secured by existing property. We issue mortgage loans on favorable terms:

•

down payment from 10%;

•

loan term up to 30 years;

•

the maximum amount is 50 million rubles.

We also reduce the loan rate if the transaction is completed quickly and a comprehensive insurance agreement is concluded. We offer additional privileges for salary clients. If you receive your salary on an Alfa-Bank card or account, you can count on a minimum processing time for your application and a reduced interest rate on the loan. You do not need to provide the bank with a complete package of documents.