POSTED BY April 24, 2012 7:39 pm COMMENTS (3)ON
I would like to know if there are any existing calculator which will take in floating rates as inputs and give Loan Amortization .
I have a home which started with interest rate 9.25% and it changed to 10% and then to 10.5% now.
I would like to know how to if there is a calculator to input this changes
I need this cause i found out that in home improvement loan after paying 3 EMI still the tenure left was shown as 179 months which started at 180 months though there was no change of interest in between. When inquired they said its a updating mistake and will be corrected.
Now this makes me suspicious on my Home loan tenure calculation too. Which started at 240 and its still in same 240 after 13 EMI. This went through interest rate change in between like i said above.