Amortization Schedule Calculator 1.1
The Amortization Calculator calculates and displays the amortization schedule for any basic loan. The Amortization Calculator is a tool for estimating your budget and understanding amortization schedules before approaching a bank or mortgage broker.
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|OS Support||Windows No Install Support|
|File Size||0.11 MB ( 110 KB )|
|Published||Jun 02, 2007 (14 years ago)|
|Updated||Dec 14, 2013 (7 years ago)|
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The monthly view of the amortization schedule shows each monthly payment for the duration of the loan, including the principal amount, interest amount, and remaining balance after that payment is applied. The yearly amortization schedule displays the total interest and principal paid each year of the mortgage, as well as the remaining balance at the end of each year. Both the monthly and yearly screens display a summary of the loan, including total interest paid, total payments, and final payment date.
The amortization calculator is a valuable tool for estimating the amount of loan you can afford. You can quickly adjust the loan amount until the monthly payments will fit comfortably into your budget, and can vary the interest rate to see the difference a better rate might make in the kind of home you can afford. And since the Amortization Calculator is online and free, you can figure out your own budget before you ever have to deal with a bank or mortgage broker.
You can also add the Amortization Calculator to your web site. If you are a realtor or mortgage broker, or otherwise deal with loans on a regular basis, this is a great free tool to help give your site visitors a good idea of their budgets, help them understand how their amortization schedule will work, and let them know that you want them to have all the information and tools they need to make a good mortgage decision.
Do note that the Amortization Schedule Calculator should be used only for estimation purposes, since its amortization calculations do not include taxes, PMI (Private Mortgage Insurance), or other escrow payments.
|Release Info:||Major Update on Mar 01, 2007|
|Release Notes:||Improved user interface|
|Related Tags:||amortization schedule amortization calculator amortization|
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