Boost Your Credit

Tool Description

This tool allows you to simulate the impact of prepayments on your mortgage. By making additional payments, you can reduce the total interest cost or the duration of the loan.

Concrete Example :

Imagine you have a mortgage of €200,000 over 20 years at an interest rate of 2%. If you make a prepayment of €10,000 every 5 years, you can save on interest. By choosing to reduce the loan duration, you could repay your loan in 17 years instead of 20. Alternatively, by reducing the monthly payments, you could lighten your monthly payments while maintaining the same loan duration.