Visiting various forums, has noticed, that many visitors are interested by accounts Monthly Fixed Payments (MFP).
The Mortgage is a choice from set of variants, offered various credit institutions.It begins with accounts of payments. The borrower, in literal sense, hunts behind the information. For day he can be visited some ideas. To not address in each occasion behind the help, losing own and another's time. And it can not a trifle, and idea worth? Therefore it is best to do these accounts by the borrower, at once as the new information has appeared. In this case more easy and faster to make and conscious choice, and counter offer to a credit institution. In general, it is better itself the borrower it nobody will make. Time - money. The real estate rises in price.
Recently has met advice: do not trust "professionals" that can make. Business not only in economies of time and money. There is spoken, that nobody is better You your work will make, because You are most interested in an eventual result. Can some times itself to recheck up. And professionals too people, can in a lot of businesses be mistaken, and create such problems, with which to you it is necessary longly to understand.
Payments are be fixed and differential. Those are in turn subdivided on relative and absolute. The relative payments are expressed in percentage of the size of the credit. Absolute - in money units (roubles, dollars...). Absolute payment is equal to product relative on the size of the credit
RFP = p + p / [(1+p)n -1], where
p - the interest rate (IR) in shares for an Interest Period (InP)
n - quantity of payments - InP
Sum of a RFP = n * RFP
a RFP
= a = p + p / [(1 + p)n - 1] = 0,0125 + 0,0125 / [(1 + 0,0125)360 - 1]
= 0,012644 = 1,264%/month from a SC
AFP = SC * RFP = 1000000 * 0,012644 =12644 rbls = 12,64 TRs/month
Sum of RFP = n * RFP = 360*1,264% = 455% from a SC
2. The same credit in Constant Roubles (CR)
By a Rouble IR - 15%/years at the Disputable Inflationary Forecast - 12%/years correspond to a IR
in a CR - 2,678%/year (1,15/1,12 = 1,02679; = 2,678%)
SC - 1 mln CRs; a IR in a CR - 2,678%/year = 0,223%/month = 0,00223; term - 30 years - 360 FPs or InP
RFP
= a = p + p/[(1 + p)n - 1] = 0,00223 + 0,00223 / [(1 + 0,00223)360 - 1]
= 0,004045 = 0,4045%/month from a SC
AFP = SC * RFP = 1000000 * 0,004045 = 4045 CRs = 4,04 TCR/month
Sum of RFP = n * RFP =360 * 0,4045% = 145,6% from a SC
The application of a CR will allow the borrowers to take in times the greater credit (In the indicated example in 3,125 times it is more), i.e. on many years to decide housing problem earlier. The borrower begins to pay, instead of another's employed rising in price housing accommodation. To pay it is necessary at a growing rate of a CR, but the game costs of candles. At advance settlement it is possible to settle up much faster than for 30 years.
The CR decides a problem of the Disputable Inflationary Forecast. The investors receive opportunity of real preservation and augmentation of a buying power the savings. The borrowers receive more accessible credits. Arrived of banks also will increase, since the trust of the investors will be increased, essentially will increase volumes and quantity of the placed contributions and given credits.
| Cur | Percents | Terms of Crediting (years / months) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | 4 | 5 | 10 | 15 | 20 | 30 | |||
| Year- | Month | 12 | 48 | 60 | 120 | 180 | 240 | 360 | |
| CR | 0 | 0 | 8,33 | 2,08 | 1,67 | 0,83 | 0,56 | 0,42 | 0,28 |
| - | 3 | 0,25 | 8,47 | 2,21 | 1,8 | 0,97 | 0,69 | 0,55 | 0,42 |
| - | 6 | 0,5 | 8,61 | 2,35 | 1,93 | 1,11 | 0,84 | 0,72 | 0,6 |
| / | 9 | 0,75 | 8,75 | 2,49 | 2,08 | 1,27 | 1,01 | 0,9 | 0,8 |
| rbl | 12 | 1 | 8,88 | 2,63 | 2,22 | 1,43 | 1,2 | 1,1 | 1,03 |
| - | 15 | 1,25 | 9,03 | 2,78 | 2,38 | 1,61 | 1,4 | 1,32 | 1,26 |
| - | 18 | 1,5 | 9,17 | 2,94 | 2,54 | 1,8 | 1,61 | 1,54 | 1,51 |
| - | 21 | 1,75 | 9,31 | 3,1 | 2,71 | 2 | 1,83 | 1,78 | 1,75 |
| - | 24 | 2 | 9,46 | 3,26 | 2,88 | 2,2 | 2,06 | 2,02 | 2 |
1 - Credit - 100 Constant Roubles (CR) for 10 years under 10% annual.
Uniform Amortization (UA) - 10 %/year-10 CRs/year
1-st year: a DP = UA - 10 % - 10 CRs + interests - 10 CRs. Total DP for the first year - 20 CRs.
A new duty (ND) - 90 CRs
2-nd DP: UA + % from a ND = 9 CRs = 19 CRs; a ND = 80
3-rd DP: - 18;
�
10-th DP 11 CRs. ND = 0. The credit is reset
Total: DP - 155 CRs. Sum of percents - 55 CRs = 55% from the sum of the credit
2 - monthly DP: 12000 $ for 10 years (120 months) under 12% annual or 1%/month.
Uniform Amortization (UA) - 100 $/month
1-st DP: UA - 100 $ + 1% from 12000 = 100 + 120 = 220; a new duty (ND) = 11900
2-nd DP: UA + 1% a ND (11900) =100 + 119 = 219; a ND - 11800
3-rd DP: = 218; a ND = 11700
�..
119 DP: =102; a ND = 100
120 DP: =101; ND = 0; the credit is reset
Total: a DP - 19260. Percents - 7260 = 60,5% from the sum of the credit
Total: Percents = p*(n+1)/2, where
- p - % for a period
- n - quantity Periods - payments
Or same transformed formula:
Total: Percents = p*(n+1)/24, where
- p - Interest rate for one year
- n - quantity months or payments - periods
At each kind of payments: a FP both DP the advantages and defects. But it already separate theme
Important theme. Without tax reform will not be essential growth economy and standard of living, neither new housing accommodation, nor decision of housing problem.
The Parasitic Inflationary Taxes (PIT) "eat" enclosed in production the capitals: constant and turnaround, salary and pension. This theme is more important than the mortgage, since from anything is received anything.
An Example of a PIT for a Working capital (WC)
- Inf - 0 %: the Prices, the Cost Price (CP) and rate of a CR do not vary. The businessman
Somebody on 100 Millions Roubles (mr) has acquired components. They were not necessary, and in one
year he has reseiled them till a CP for the same 100 mrs. Profit or Added Cost (AC) - 0. The taxes - 0.
Losses - PIT - 0. Is possible at necessities to acquire new components.
- Inf - 100 %:The Prices, CP and rate of a CR for one year are doubled. In the beginning of year 100
mCRs = 100 mrs. In one year 100 mCRs = 200 mrs. Somebody reseils furnishing on a new CP, since the prices were
doubled, for 200 mrs, receives imaginary inflationary profit (or imaginary inflationary AC) - 100 mrs, pay
the taxes (from the imaginary profit?!) - 50 % - 50 mrs. He still has 150 mrs or 75 mCRs, on which it is
possible to acquire only 75% of components. Real losses - 25% real buying power of a WC. It also is a PIT for
a WC.
The indicated example of a PIT is equal half of ifference between a new real CP and old, indicated in tax
declarations. I.e. at a zero Inf of a PIT is not present in general, since. The CP does not vary. With growth
of a Inf the burden of a PIT grows also.
The Losses from a PIT somebody will transfer on the salary of the hired workers. If he will cover the business, the workers and their families, in general, will stay without a piece of bread.
From the indicated examples it is visible, that at a zero Inf of a PIT is not present in general. With growth of a Inf the burden of a PIT grows also.
Tax reform
The essence of tax reform - legislative fixing in the tax declaration of the Cost Price in a CR, that will
allow to get rid of a PIT and to make production favourable and fast growing. It:
- New jobs and decrease(reduction) of unemployment
- Essential growth of real wages and pensions
- Additional tax receipts at fast growing economy
- Decrease (reduction) of expenditures on public account on the unemployment benefits
- Etc.
The mortgage begins with comparison of variants. Here 4 comparative tables with percentage by the rates -
0; 1;... 18; 19%/years and with terms of crediting - 5, 10, 15, 20, 25, 27 and 30 years:
1 - Monthly Fixed Payments (MFP)
2 - Factors of Credit Status (FCS). With the help of a FCS it is possible to expect as the much as possible
allowable sums real estates
3 - Sum of a MFP for all term of crediting
4 - Sum of percents (interests) for all term of crediting
