Support » Plugin: Loan Repayment Calculator and Application Form » Calculations are off

  • Resolved westcoasthq

    (@westcoasthq)


    Hey –
    We’re having some issues with calculations here. Client has set the interest rate to 2% fixed. £75,000 at 30 years should be outputting £277, not £213.

    The page I need help with: [log in to see the link]

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  • Plugin Author aerin

    (@aerin)

    The rate may be fixed but mortgages use amortisation to calculate the repayments. And the USA does this differently to Europe. The plugin has options to calculate repayments using both methods.

    Plugin Author aerin

    (@aerin)

    We have been in contact via email so can close the thread

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