# Calculation of the monthly payments of the insurance of a credit

## Calculus loan_insurance

Credit insurance monthly payment calculator: real estate credit, consumer credit, and other types of credit.

All the parameters of the monthly loan repayment amount calculator are calculable, which means that it is possible to pass formulas as parameters, which can for example be useful for converting years to months. So to calculate the amount of insurance of a consumer loan in the amount of $20000 at a rate of 0.30% over 5 years, enter loan_insurance(20000;0.3/100;5*12) # Calculating the annual cost of loan insurance The annual cost of credit insurance is calculated as the sum of monthly payments paid over a year. It can also be obtained by multiplying the annual rate of credit by the borrowed capital. The loan calculator specifies in detail the calculations, the annual cost of insurance of a credit. # Calculation of the total cost of credit insurance The total cost of credit insurance is calculated as the sum of monthly payments paid for the duration of the loan. The loan calculator details in the calculations, the total cost of credit insurance. Thus to calculate the amount of the insurance of a car loan of an amount of 20000 € over 5 years for which the insurance is of 0,30% , enter loan_insurance(20000;0.3/100;5*12). The total cost of credit insurance is specified in the details of the calculations. Credit insurance monthly payment calculator: real estate credit, consumer credit, and other types of credit. #### Syntax : • loan_insurance(Borrowed capital;Annual interest rate;repayment duration), the repayment term is expressed in months. #### Examples : • Here is an example of calculating the insurance of a loan in the amount of$ 100,000, with an insurance rate of 0.26% over 20 years (240 months) loan_insurance(100000;0.0026;240)

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