We have created My Mortgage to clearly reflect in a mobile application the interest, installments and total expenses that we will pay when applying for a mortgage. On the main screen we will establish the term, the interest rate of the loan and the capital that we will request from the bank as a mortgage.
After establishing these data, we will obtain the following information immediately:
- Monthly fee that we will pay.
- Monthly interest we pay.
- The total amount of interest that we will pay at the end of the mortgage.
- The total amount that we will pay for the amount that we will borrow from the bank.
At the moment, the fixed expenses associated with notaries or bank commissions are not reflected. We hope to include them in future versions.
We also show the amortization table year by year in which it is seen how the amount of interest that we have to pay decreases, so it is seen that more and more is amortized.
This application shows the French amortization system.
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