Hipoo is a mortgage calculator that will allow you to find out the amount of your mortgage based on the interest rate that is applied to it. With it you can both find out what is the amount of a new mortgage that you are going to contract and, and this is a novelty that no mortgage calculator calculates, the new interest rate that will be applied to each annual renewal (or when agreed) of your mortgage, being able to calculate in turn the amount of the new installment depending on whether or not you comply with the ties that the bank requires (in your case) to apply a better or worse interest rate, such as, for example, they can be ; the obligation to have a home insurance contract with them; the obligation to have contracted automobile insurance with them; the obligation to have contracted loan amortization insurance with them; the obligation to domicile your payroll or that of your partner; or the obligation to make a minimum expense with your credit cards). Thanks to this innovative tool, you will be able to analyze whether it is in your best interest to continue to respect the links you have agreed with your bank, or if, on the contrary, it is economically better for you not to respect them (for example, by contracting car insurance with a different company than the one offers your bank, because the fee to be paid with the other insurance company brings you savings greater than the penalty that your bank may apply for not contracting it with them). All this you can find out with Hipoo in a few easy steps in a matter of seconds.
Data entry
a) Year of signature: Only the year must be entered, in this format, e.g. 2000
b) Amount remaining at the time of application of the quota. It is important to take into account that the value of the interest rate moment of entry must be taken; if it is the initial calculation, it will be the value of the mortgage; while if it is to find out the new interest rate applicable at the time of the annual renewal (or semi-annual in your case ...), you will have to look on the online page of the bank what is the amount that will remain to be paid just the day of the interest rate change. This data must be entered without a point of separation of thousands, and separating the decimals, if any, with a point. For example: 200000.98
c) The base interest, the Euribor and any other value with decimals, must be entered by separating the decimal part with a point.
d) In the penalties sections, you must enter the interest rate that the bank bank in case of default, p.e. 0.05 in case of not contracting home insurance with them. Decimals must be separated by a period.
Clarification of concepts
a) Year of signature: Refers to the year of constitution of the mortgage loan.
b) Mortgage years: Refers to the mortgage amortization years stipulated in the loan.
c) Remaining capital: Refers to the amount that remains to be amortized on the date of the calculation of the new installment, that is, on the day on which the new applicable interest is to be determined.
d) Euribor: To find out what value to put, you will have to look at your mortgage which is the Euribor that will be taken as a reference when making the annual update of the interest rate applicable to your loan.
e) Base interest: It is the interest that the bank applies to the Euribor on a fixed basis, regardless of whether other conditions exist or not.
f) Own domiciliation: It is applied when the bank conditions the interest rate to the fulfillment of a series of conditions, in this case to the direct debit of the payroll, pension or other periodic own income during the year.
g) Foreign domiciliation.
h) Cards: Make payments with a credit card.
i) Insurance: It is applied when the bank conditions the interest rate to the fulfillment of a series of conditions, in this case to the contracting of various insurances during the year.
j) Other links.
Data entry
a) Year of signature: Only the year must be entered, in this format, e.g. 2000
b) Amount remaining at the time of application of the quota. It is important to take into account that the value of the interest rate moment of entry must be taken; if it is the initial calculation, it will be the value of the mortgage; while if it is to find out the new interest rate applicable at the time of the annual renewal (or semi-annual in your case ...), you will have to look on the online page of the bank what is the amount that will remain to be paid just the day of the interest rate change. This data must be entered without a point of separation of thousands, and separating the decimals, if any, with a point. For example: 200000.98
c) The base interest, the Euribor and any other value with decimals, must be entered by separating the decimal part with a point.
d) In the penalties sections, you must enter the interest rate that the bank bank in case of default, p.e. 0.05 in case of not contracting home insurance with them. Decimals must be separated by a period.
Clarification of concepts
a) Year of signature: Refers to the year of constitution of the mortgage loan.
b) Mortgage years: Refers to the mortgage amortization years stipulated in the loan.
c) Remaining capital: Refers to the amount that remains to be amortized on the date of the calculation of the new installment, that is, on the day on which the new applicable interest is to be determined.
d) Euribor: To find out what value to put, you will have to look at your mortgage which is the Euribor that will be taken as a reference when making the annual update of the interest rate applicable to your loan.
e) Base interest: It is the interest that the bank applies to the Euribor on a fixed basis, regardless of whether other conditions exist or not.
f) Own domiciliation: It is applied when the bank conditions the interest rate to the fulfillment of a series of conditions, in this case to the direct debit of the payroll, pension or other periodic own income during the year.
g) Foreign domiciliation.
h) Cards: Make payments with a credit card.
i) Insurance: It is applied when the bank conditions the interest rate to the fulfillment of a series of conditions, in this case to the contracting of various insurances during the year.
j) Other links.
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