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Mortgage interest changes and recalculation

What happens in your calculation when mortgage interest is added, changed, or removed.

When you change mortgage interest, add a new mortgage, or remove an item, NettoWise updates the calculation automatically. This page gives you a quick overview of what happens.

NettoWise recalculates the annual mortgage interest deduction and spreads it across the periods of the year.

New mortgage

When you add a new mortgage, NettoWise creates a new yearly deduction and distributes it per period. The impact is applied immediately in your net calculation.

Changes

With a change, such as extra repayment or an updated interest amount, NettoWise recalculates the annual deduction. The distribution across the remaining periods is updated so your figures stay current.

Removal

If you delete a mortgage interest item, NettoWise removes the deduction from your calculation. The effect shows up directly in the remaining periods.

Swen van Zanten

Swen van Zanten

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