Notice : This site will close permanently in January 2018.
However, you can continue to use Calcamo, only in French, from this url.
Demonstration  Fixed rate  
Borrowed amount :  $100,000.00  First payment :  01/01/2017  
Initial duration :  20 years  Last payment :  12/01/2036  
Effective duration :  20 years  Number of payments :  240  
Frequency :  Monthly  Total interest :  $58,388.59  
Type of interest rate :  Simple interest  Total fees :  $0.00  


Note: You are currently in demo mode. To use this feature with your own data, please create a new loan and then return to this page. Enter a new loan  
The loan refinancing operation allows you to enter new payment terms for your loan: a new interest rate and number of payments remaining. These new terms will replace those entered initially. For an adjustablerate loan, this will convert it into a fixedrate loan.
First select the payment date from which the new terms should be applied. Then you will be able to enter the new annual interest rate, the new number of payments remaining, and, if applicable, any associated fees.
Note that if you would like to change the interest rate and specify a new payment amount, you should perform an interest rate change operation instead.• The dropdown list of proposed payment dates runs from the first payment date (or the first payment after the last operation performed on the loan) to the penultimate payment. The new loan terms will be applied starting from the date you select.
• The “New interest rate” and “Number of payments remaining” fields are initially filled in with their values at that payment date.
• The number of payments remaining must be between one and the total number of payments established at the start of the loan.
• The “Fee amount” field can be left at zero.
• In the payment schedule, the payment changed by this operation will be marked with an * (asterisk) after its number, to indicate that an operation was performed on that date.