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I am lending a family member funds to buy a house (a contract for this loan is being drawn up by my solicitor).

Is there a program on Ubuntu (I have Kylin on my computer) that will automatically show the amount of principal and the amount of interest on each fortnightly deposit made.

For example:

  • the loan is for $436,500 @ 4%
  • Fortnightly payments are approx $1100

So I need a program that would allow me to see (when I enter each fortnightly amount into the program) the principal component and the interest component.

The amount of the loan that is still owed would also be helpful.

muru
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Mactabish
  • 21

1 Answers1

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Personally I think recommending software in general is hit or miss. It completely depends on user preferences and experience with the type of software you are looking for.

I would recommend doing some personal research on mortgage linux calculator programs or just general programs for mortgage payment calculations and using alternativeto.net to find a linux like substitute.

After a quick search seems others recommend Mortgage loan calculator

Have a good one ; )

DnrDevil
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