Free mortgage amortization calculator

The following are some of the best and most popular amortization schedule software applications, and websites that offer web-based amortization schedule tools on the Internet.Bankrate.com ( has an amortization schedule calculator that calculates your monthly mortgage payment and shows you the impact of extra mortgage payments on your loan and creates an amortization table. You have to enter the mortgage amount, mortgage term, interest rate, mortgage start date and monthly payments in the input boxes before your amortization schedule can be generated. Loanamortizer.com is a loan amortization and loan management software website. It offers a downloadable evaluation product called LoanAmortizer ( The application utilizes features such as drop-down menus to enter details such as amortization method, contract date and interest rate types to calculate amortization schedules. Math.about.com has an Amortization calculator ( for computing your mortgage when you enter anticipated amount of house, amount of down payment, anticipated interest rate, anticipated length of loan, in years, and start date of loan – a very friendly interface which is quite easy to use.Pine-grove.com has a calculator called "Flexible Amortization Schedule". "Flexible" because any attribute can be adjusted according to one's wish. For example, rates can be adjusted to create ARMs, change payment amounts or skip payments; and the amortization can be copied and printed. Evaluation copies of their Amortization Schedule products - AmortizeIT ( and SolveIT ( - can be downloaded for free. HSH Associates ( a consumer loan information website, features an amortization calculator to generate an amortization schedule (by month or by year) as well the monthly payment for a mortgage paid either monthly or bi-weekly. It is also capable of demonstrating the effects of prepaying your mortgage on an irregular or regular basis. There is also a JavaScript version available.

In years, interest rate per year and the state you reside in and inputting that information into the amortization schedule calculator. How To Use An Amortization Schedule Calculator To use our amortization schedule calculator, you will need a few pieces of information, including the principal balance for your mortgage, your annual interest rate, the term of the mortgage and your state of residency. You can also enter additional payments to see how this affects your overall mortgage length. This calculator can help you determine: How much principal you owe now or will owe in the future. How much extra you need to pay in order to reduce mortgage length. How much equity you have. Amortization Calculator Results Explained Once you enter all the necessary information into the amortization calculator, it will yield several results such as the monthly payment, total remaining balance, total principal and total interest paid. To determine these results, the calculator uses these numbers: Loan amount: The loan amount is the principal balance of your mortgage that you owe to the lender, not including interest. Interest rate: This is a percentage of the loan amount borrowers must pay in addition to the cost of the mortgage. Loan term: The loan term is the amount of time it will take to pay back the mortgage. The monthly payment for your mortgage will initially cover the interest, and then slowly subtract the money you owe on your home loan over time. However, it's important to note that this doesn’t

What Is An Amortization Schedule? An amortization schedule is a table that shows homeowners how much money they will pay in principal (starting amount of the loan) and in interest over time. It shows the regular payment on your mortgage over the years and each payment is applied to the principal balance and interest. An amortization schedule calculator can help you: Determine how much is paid toward your principal balance or interest during any given payment. Calculate how much of your total principal balance and interest have been paid by a particular date. Show how much of your principal balance you owe on a given date. Determine how much time you can cut off your mortgage by making extra payments. How Do You Calculate Amortization? Homeowners can calculate the amortization of their mortgage by plugging their information into an amortization calculator, which uses a formula to calculate your monthly mortgage payments By using an amortization calculator, you can: Calculate principal and interest paid in any particular payment. Calculate the total principal and interest paid on a particular date. Calculate how much principal is owed now or in the future. How Do I Create A Loan Amortization Schedule? Your loan amortization schedule tells you how much you need to make in monthly payments to pay off your mortgage within the term length of the loan. The key number when creating your loan amortization schedule is your monthly payment. Your monthly payment is calculated by taking your current loan amount, mortgage term

Planners and Mortgage AdvisorsProfessionals use these tools to provide clients with detailed loan analysis, helping them choose the most cost-effective loan products. Customizable features in advanced calculators help advisors tailor advice to individual client needs.Final Thoughts: Maximizing the Value of Your Amortization CalculatorUsing an amortization calculator is a crucial step in planning your financial future, whether you’re buying your first home or expanding a property portfolio. The insights gained from these detailed schedules help you understand the true cost of borrowing, fine-tune your loan repayment strategy, and achieve your financial goals more efficiently. By choosing the right calculator and leveraging its advanced features, you can take control of your debt and build a more robust financial foundation.Explore our mortgage amortization calculator at Mortgage Rater here for a comprehensive loan analysis. This tool is essential for making informed financial decisions and managing your mortgage effectively.For more information on current interest rates and the current interest rate For mortgage, visit our site. To learn about different clauses that can impact your mortgage terms, visit our explanation of clause meaning.In case you’re wondering, we also have a list of the top 100 mortgage Lenders that you might find useful. Finally, if you want to see how a loan amortizes over time, you can use our loan calculator With amortization.Understanding your loan details and how each payment affects your finances isn’t just smart—it’s essential. Make sure you’re financially savvy and stay on top of your game with the best amortization calculators out there!Amorization Calculator: