Mortgage Calculator

As you try to determine your housing budget, determining your monthly house payment is important.

As you shop for a home loan or refinancing, the Holo mortgage calculator will help you estimate your mortgage payments.

Remember:.

• If your budget is fixed, a longer loan duration is probably right for you.

These loans come with lower monthly payments, although you'll pay more interest during the course of the loan.

If you are able to increase your budget, a lower loan duration reduces the total interest you'll pay, but with higher monthly payments .

• This calculator is will provide you an accurate overview of how much you can expect to pay monthly.

This applies whether you are buying a residential apartment, villa or any other property you can think of.

• Choose a longer loan.

• Compare all banks and lenders before financing your purchase.

• Shop for lower interest rate.

• Make a bigger down payment.

• Click on “get started.

• Get pre-approved by a lender or a bank.

• Apply for a mortgage.

• Sit back and let our team take care of the rest.

• Principal: The amount you borrowed from the bank lender.

• Down payment: Down payment, is the initial up-front partial payment for the purchase of home.

This amount required is usually at least 15% for UAE nationals and 20% for expats, plus associated purchase costs.

• EMI: Short for equated monthly installment, EMI is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

• Interest Rate: The is the interest charged on a loan used to finance a property purchase.

The amount of interest owed is calculated as a percentage of the total amount of the mortgage issued by the lender.

Mortgage interest may either be fixed or variable.

• Loan Term: This is the duration length of the mortgage you’re considering.

Once you are finished with the mortgage calculator, Holo will find you the best mortgage deal by comparing over 500 products by all lenders and banks, not only in Dubai but across the entire UAE.