Remaining Debt After Fixed-Rate Period
Determines how much of a loan is still outstanding after a certain time (the basis for follow-up financing).
Enter your own numbers and press "Calculate" – or load an example on the right; "Type in" replays it on the device.
Look closely before you sign: with a low initial repayment little is paid off after the fixed-rate period – the large rest needs follow-up financing at then-unknown rates.
→ Story & full explanation: Remaining debt after the fixed-rate period
The remaining debt is the compounded loan minus the compounded installments: D·qⁿ − R·(qⁿ−1)/(q−1). It shows in black and white how little is paid off after the fixed-rate period with low repayment – and how large the follow-up financing turns out.
Remaining debt as the final value of the loan minus the installments paid.