Free Amortization Schedule, Mortgage Loan Tables Monthly or Yearly, amortization table.#Amortization #table


Free Amortization Schedule | Amortization Chart Monthly or Yearly | Loan Payment Chart

Amortization Schedule | Free Printable Amortization Table |

Loan Amortization Table | Loan Amortization Schedule |

| Amortization Calculations | Early Mortgage Payoff |

Print Out Your Amortization Schedules Free

You choose whether you want to calculate your amortization chart for yearly amortizing or monthly amortizing. Either way this calculator will build a free amortization table for as many mortgages as you want to build and for any length mortgage at any interest rate.

This Website is free for you to use any time you would like to. There is a lot of mortgage knowledge which has been compiled and added to this site. This is the Internet’s best and most complete amortization schedule calculator.

It is very easy to use, as well. All you have to do is enter the amount of the mortgage or loan, the interest rate in the boxes below. Click the button that corresponds to and the length or term of the loan, then click the button that says, click to build the amortization schedule.

Next you will see your completely free amortization schedule appear. It will tell you, your monthly payment before escrow, and it will show you how each month’s payment is broken down. It will tell you how much of the payment went to principal, which actually pays off your balance, and how much goes toward interest, which is wasted money. The schedule, also keeps a running total of the interest and principal payments.

While most amortization schedule calculators only build amortization tables for mortgages, this Free Amortization Schedule will also build them for car loans. As you can see, as well as the longer tem options like, 40 year, 30 year, etc, the more common automobile loan lengths, 3, 4, 5, 6 and 7 year options are available. The option to build a 50 month schedule is included, too. This is because some auto loan lenders now have car loan payment plans with 50 month terms.

Amortization schedules are meant to be built from the beginning of the loan or mortgage, so use the original amount borrowed, not how much you may owe on a loan now. After the schedule is built, you can find out where you are within the term of the mortgage or loan.

Notice,also, that an option to build the schedule as amortized monthly or yearly is included. This is a paper saving option. If you would like to print out a complete amortization schedule, so you can have a hard copy of it, it is very long and uses a lot of paper. So, you have the option of building one that shows how the loan is amortized yearly.

Finally, you will see the terms amortization table, schedule, and chart used on this site and throughout the mortgage world. Amortization tables, schedules and charts all refer to the same thing.


Amortization Schedule, Amortization Software, amortization schedule for mortgage.#Amortization #schedule #for #mortgage


amortization schedule for mortgage

Fixed-, Variable-Rate or Interest Only

360, 364, 365 Day Count

Variety of payment frequencies

Option to select the advance date and first payment date

Add, edit or delete early, late, missed, extra or balloon payments

Asses s late fees or additional payments

Edit actual loans, terms, variable interest rates

Edit the actual dates payments were made on. Payments can be irregular in amount and occurrence

Amortization schedule for mortgageThis website is dedicated to providing feature-rich loan amortization software. Track the actual dates payments were made as well as fees or additional payments via notes. Create and print invoice payments.

We can get you started with software right away! Order online and the shopping cart will transmit instructions on how to activate the software.

You can download a FREE trial by clicking the FREE DOWNLOAD button at the top of this page. The software is $49.95 plus $7.95 for shipping (you can order just the downloadable version and omit shipping). Non-Arizona residents do not pay any sales tax.

Quickly generate a fixed-rate or interest only loan. Common compounding periods and payment frequencies such as weekly, bi-weekly, monthly, bi-monthly, quarterly, or semi-annually, annually are available. Additional payments or balloon payments are easy to include.

Software shows the principal balance remaining at the end of each period and the amount of each payment that is applied to principal and interest in actual dollar amounts. The accumulated days, interest, monthly payments and additional payments are listed at the bottom of the schedule. Annual subtotals are shown as well.

You can change the date a payment was made, the payment itself, additional payment and interest rate.

Data entered may be stored/saved anywhere on your hard drive, to a shared network drive, or to external diskette for quick retrieval. You can export data directly to Excel or a CSV file format.

Sure-store client management system.

  • Calculate quick What-ifs

  • Export to Excel via space, tab or comma delimited format.
  • FREE Live updates within first year from date of purchase.
  • FREE Technical Support within first year from date of purchase.
  • Track early, late, missed, extra or balloon payments.

  • Asses s late fees or additional payments.

  • Track actual loans, terms, variable interest rates.

  • Track the actual dates payments were made on. Payments can be irregular in amount and occurrence.

  • View plots and pie graphs.

    • Print on legal or letter size paper with any Windows supported printer.
    • Print single pages of long documents: Ideal for last minute revisions.
    • Print a cover page.
    • Print with header and footer text.
    • Preview forms on screen; zoom feature for hard to see areas.

    Even if you are fortunate enough to pay upfront for your home or car, or to pay substantial down payment, you still may be better off to make a small down payment, take a sizable loan, and invest your funds in other ways. This decision depends on how favorable a loan you can negotiate and what alternative investment opportunities are available. This software is designed to help you analyze and compare loans.

    We have a friendly and courteous staff that can resolve almost any support issue that might arise.

    Amortization schedule for mortgage Amortization schedule for mortgageAll of our software functions on any Windows operating system. The software has been tested on Windows 95, 98, 2000, NT, ME (millennium edition), XP, 2003, VISTA and Windows 7. The software functions on networks or stand-alone personal computers and is compatible with all printers.

    We are interested in feedback about our software and/or web site. If you have any questions whatsoever, call (480) 460-9311 or e-mail us at [email protected]

    Amortization schedule for mortgage


    Bi-Weekly Mortgage Payment Amortization Template For Excel, amortization tables.#Amortization #tables


    Bi-Weekly Mortgage Payment Amortization Template For Excel

    Homeowners who have taken out a mortgage would know how important it is to keep track of their amortization. This is to ensure that their mortgage payments are up-to-date and at the same time to make adequate allocations to their finances and even to maintain savings.

    Amortization tables

    There are many mortgage amortization calculators available online but it is also best to have your own mortgage payment amortization schedule and record. Having your own record that you can update anytime and return to for reference is a good way to keep you financially aware of your mortgage obligations as well as organize payment schedules.

    The Biweekly Mortgage Payment Amortization Template for Excel is a wonderful tool for keeping track of your payments and to also see how long it will take you to pay off your loan, as well as the interest you need to pay.

    This Mortgage Payment Amortization Template is a template designed by Microsoft partner TemplateZone by KMT Software. This is available for Excel 2003 or later versions. It is professionally designed to show you your mortgage payment amortization schedule and how your payments affect your principal and interest.

    Amortization tables

    Through the Biweekly Mortgage Payment Amortization Template for Excel, you can know how much of your biweekly payments go to the principal and how much goes to the interest. It also shows the Beginning Balance of your Mortgage, as well as the Cumulative Principal, Cumulative Interest, and Ending Balance. This information is important so you can easily analyze your payments and plan your financial situation against your scheduled mortgage payments.

    What is also great about this Biweekly Mortgage Payment Amortization is that you don t have to resort to Mortgage Amortization Calculators because all the computations already come with the Excel template. All you have to do is input all the information needed. It includes Loan Principal Amount, Annual Interest Rate, Loan Period in Years, Base Year, Loan Start Date, and Date of First Payment.

    Amortization tables

    This Biweekly Mortgage Payment Amortization Template for Excel also displays your Annual Loan Payments, Biweekly Payments, Interest Over Term of Loan and Sum of all Payments. This information appears on the upper part of the spreadsheet so that all the important information you need is available at a glance.

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    Free Bi-Weekly Mortgage Payment Amortization Template For Excel is categorized under Categories: Forms Guides Templates and use the following tags:


    How Amortization Works: Examples and Explanation, amortization tables.#Amortization #tables


    How Amortization Works

    Amortization tables

    Amortization tables

    Amortization is the process of paying off a balance over time with regular, equal payments. This is most common with monthly payments on loans, but amortization is an accounting term that can apply to other types of balances.

    With loans, including home loans and auto loans, each monthly payment looks the same, but the payment is made up of several parts that change over time. A portion of each payment goes towards:

    1. The interest costs (what your lender gets paid for the loan).
    2. Reducing your loan balance (also known as paying off the loan principal).

    At the beginning of the loan, interest costs are at their highest. Especially with long-term loans, the majority of each periodic payment is an interest expense, and you only pay off a small portion of the balance. In other words, you don’t make much progress on debt repayment during the early years.

    As time goes on, more and more of each payment goes towards your principal (and you pay less in interest each month).

    Amortized loans are designed to completely pay off the loan balance over a certain amount of time. Your last loan payment will pay off the final amount remaining on your debt. For example, after exactly 30 years (or 360 monthly payments) you’ll pay off a 30-year mortgage.

    Your monthly loan payments don’t change — the math simply works out so that the debt is eliminated.

    Amortization in Action

    Sometimes it’s helpful to see the numbers instead of reading about the process. Scroll to the bottom of this page to see an example of an auto loan being amortized. The table below is known as an amortization table (or amortization schedule), and these tables help you understand how each payment affects the loan, how much you pay in interest, and how much you owe on the loan at any given time.

    Sample Amortization Table

    The table below shows the amortization schedule for the beginning and end of an auto loan. This is a $20,000 five-year loan charging 5% interest (with monthly payments).

    To see the full schedule or create your own table, use a loan amortization calculator.

    Looking at amortization is extremely helpful if you want to understand how borrowing works.

    True cost of borrowing: With a detailed picture of your loan’s components, you can clearly see how much you really pay in interest – instead of focusing on a monthly payment. Consumers often make decisions based on an “affordable” monthly payment, but interest costs are a better way to measure the real cost of what you buy. Sometimes a lower monthly payment actually means you’ll pay more in interest (if you stretch out the repayment time, for example).

    Decision making: You can also decide which loan to choose when lenders offer different terms (how much could you save with a lower interest rate?). You can even calculate how much you’d save by paying off debt early – you’ll get to skip all of the remaining interest charges on most loans.

    To visualize amortization, picture a chart (your loan balance is the vertical X axis and time is the horizontal Y axis) with a line going down and to the right. With shorter-term loans, the line is more or less straight. With longer-term loans, the line gets steeper as time goes on.

    How to Amortize Loans: Calculations

    There are several ways to get amortization tables (like the one above) for your loans:

    1. Build your own table by hand.
    2. Use an online calculator, which will create the table for you.
    3. Use spreadsheets to create amortization schedules and help you analyze loans.

    Online calculators and spreadsheets are often easiest to work with, and you can often copy and paste the output of an online calculator into a spreadsheet if you prefer not to build the whole model from scratch.

    The monthly payment: With an amortizing loan, figuring out the payment is just math. The payment is based on the amount of the loan, the interest rate, and how many years the loan lasts. Those three ingredients work together to affect how much you pay each month and how much total interest you’ll pay.

    Lowering the interest rate can lower your payment, and it helps you save money. Stretching out the loan over a longer period of time will also lower your payment, but you’ll end up paying morein interest over the life of the loan.

    To amortize a loan, use the table above as an example, and complete the following steps:

    1. Note your starting loan balance: $20,000
    2. Figure out the payment (calculation shown on this page): $377.42
    3. Figure out the interest charge for each period – usually monthly (calculation shown on this page): $83.33 in the first month
    4. Subtract the interest charge from your payment – the remainder is the amount of principal you ll pay that month: $294.09 in the first month
    5. Reduce the loan balance by the amount of principal you ve paid: you owe $19,705.91 after your first payment
    6. Start over with the following month: $19,705.91 is the loan balance in the second month

    Types of Amortizing Loans

    There are numerous types of loans available, and they don’t all work the same way. Any installment loan is a loan that amortizes: you pay the balance down to zero over time with level payments.

    • Auto loans are often five-year (or shorter) amortized loans that you pay down with a fixed monthly payment. In fact, some people – including buyers and auto dealers – think of buying an auto in terms of the monthly payment alone. Longer loans are available, but you risk being upside-down on your loan if you stretch things out to get a lower payment (plus you’ll spend more on interest).
    • Home loans are traditionally 15-year or 30-year fixed rate mortgages. Most people don’t keep a loan for that long – they sell the home or refinance the loan at some point – but these loans work as if you were going to keep them for the entire term.
    • Personal loans that you get from a bank, credit union, or online lender are generally amortized loans as well. They often have three-year terms, fixed interest rates, and fixed monthly payments. These loans are often used for small projects or debt consolidation.

    Amortization Schedule, Amortization Software, amortization table for mortgage.#Amortization #table #for #mortgage


    amortization table for mortgage

    Fixed-, Variable-Rate or Interest Only

    360, 364, 365 Day Count

    Variety of payment frequencies

    Option to select the advance date and first payment date

    Add, edit or delete early, late, missed, extra or balloon payments

    Asses s late fees or additional payments

    Edit actual loans, terms, variable interest rates

    Edit the actual dates payments were made on. Payments can be irregular in amount and occurrence

    Amortization table for mortgageThis website is dedicated to providing feature-rich loan amortization software. Track the actual dates payments were made as well as fees or additional payments via notes. Create and print invoice payments.

    We can get you started with software right away! Order online and the shopping cart will transmit instructions on how to activate the software.

    You can download a FREE trial by clicking the FREE DOWNLOAD button at the top of this page. The software is $49.95 plus $7.95 for shipping (you can order just the downloadable version and omit shipping). Non-Arizona residents do not pay any sales tax.

    Quickly generate a fixed-rate or interest only loan. Common compounding periods and payment frequencies such as weekly, bi-weekly, monthly, bi-monthly, quarterly, or semi-annually, annually are available. Additional payments or balloon payments are easy to include.

    Software shows the principal balance remaining at the end of each period and the amount of each payment that is applied to principal and interest in actual dollar amounts. The accumulated days, interest, monthly payments and additional payments are listed at the bottom of the schedule. Annual subtotals are shown as well.

    You can change the date a payment was made, the payment itself, additional payment and interest rate.

    Data entered may be stored/saved anywhere on your hard drive, to a shared network drive, or to external diskette for quick retrieval. You can export data directly to Excel or a CSV file format.

    Sure-store client management system.

  • Calculate quick What-ifs

  • Export to Excel via space, tab or comma delimited format.
  • FREE Live updates within first year from date of purchase.
  • FREE Technical Support within first year from date of purchase.
  • Track early, late, missed, extra or balloon payments.

  • Asses s late fees or additional payments.

  • Track actual loans, terms, variable interest rates.

  • Track the actual dates payments were made on. Payments can be irregular in amount and occurrence.

  • View plots and pie graphs.

    • Print on legal or letter size paper with any Windows supported printer.
    • Print single pages of long documents: Ideal for last minute revisions.
    • Print a cover page.
    • Print with header and footer text.
    • Preview forms on screen; zoom feature for hard to see areas.

    Even if you are fortunate enough to pay upfront for your home or car, or to pay substantial down payment, you still may be better off to make a small down payment, take a sizable loan, and invest your funds in other ways. This decision depends on how favorable a loan you can negotiate and what alternative investment opportunities are available. This software is designed to help you analyze and compare loans.

    We have a friendly and courteous staff that can resolve almost any support issue that might arise.

    Amortization table for mortgage Amortization table for mortgageAll of our software functions on any Windows operating system. The software has been tested on Windows 95, 98, 2000, NT, ME (millennium edition), XP, 2003, VISTA and Windows 7. The software functions on networks or stand-alone personal computers and is compatible with all printers.

    We are interested in feedback about our software and/or web site. If you have any questions whatsoever, call (480) 460-9311 or e-mail us at [email protected]

    Amortization table for mortgage


    Mortgage Amortization, How Your Mortgage Is Paid Off, The Truth About, amortization table for mortgage.#Amortization


    Mortgage Amortization

    Amortization table for mortgage

    Ever wonder how your mortgage goes from a pain in your neck to free and clear?

    Well, it all has to do with a little thing called amortization, which is defined as the reduction of debt by regular payments of interest and principal sufficient to pay off a loan by maturity.

    In simple terms, it’s the way your mortgage payments are distributed on a monthly basis, detailing how much interest and principal will be paid off each month for the duration of the loan term.

    Understanding the way your mortgage amortizes is a great way to understand how different loan programs work. And an amortization calculator will show you how your balance is paid off on a monthly or yearly basis. It will also detail how much interest you ll pay over the life of your loan, assuming you hold it to maturity.

    Early Payments Go Toward Interest

    Amortization table for mortgage

    (pictured above is an actual amortization schedule from an active mortgage about five months into a 30-year mortgage)

    During the first half of a 30-year fixed-rate loan, most of the monthly payment goes to paying down interest, with very little principal actually paid off. Towards the last 15 years of the loan you will begin to pay off a greater amount of principal, until the monthly payment is largely principal, and very little interest.

    This is important to note because homeowners that continuously refinance will find themselves back in the interest-paying portion of the loan every time they start anew, meaning they ll pay a lot more interest over the years. Each time you refinance, assuming you refinance into the same type of loan, you re essentially extending the amortization period of the mortgage. And the longer the term, the more you ll pay in interest.

    Tip: If you have already paid down your mortgage for several years, but want to refinance to take advantage of low mortgage rates, consider refinancing to a shorter-term mortgage. This is one simple way to avoid resetting the clock.

    Let’s look at a mortgage amortization example:

    Loan amount: $100,000

    Interest rate: 6.5%

    Monthly mortgage payment: $632.07

    Say you’ve got a $100,000 loan at 6.5% on a 30-year fixed payment. The monthly principal and interest payment is $632.07. If you break down the very first monthly mortgage payment, $541.67 goes toward interest and $90.40 goes toward principal. The total debt is reduced by $90.40, so next month you’ll only owe interest on $99,909.60.

    So when it comes time to make your second monthly mortgage payment, interest is calculated on the new, lower balance. The payment would be the same, but $541.18 would go toward interest and $90.89 would go to principal. This interest reduction would continue until your monthly mortgage payments were going primarily to principal.

    In fact, the 360th payment in our example contributes just $3.41 to interest and a whopping $628.66 to principal.

    Consider Larger Mortgage Payments to Shorten Amortization Period

    Okay, so now you have a better idea of how your mortgage amortizes. Your next move will be to determine if paying your mortgage down faster is a good idea.

    In the example above, you ll pay a total of $227,545.20 over the 30-year term, with $127,545.20 going toward interest.

    If you make slightly larger payments, say $700 each month instead (consistently), your mortgage term will be cut by roughly seven years (23 years total) and you ll only pay $76,448.10 in interest. That will save you about $50,000 over the life of the loan not bad.

    How to pay off a 30-year mortgage in 15 years:

    If you want to cut your mortgage term in half, simply figure out what the 15-year payment would be, then make that payment each month until the mortgage is paid in full. In general, this is about 1.5X the 30-year payment.

    For example, a $350,000 mortgage set at 5% would require a monthly payment of $1878.88 in order to be paid off in 30 years. If you made the 15-year payment of $2767.78 instead, the mortgage would be paid off in 180 months, or 15 years.

    How to pay off a 30-year mortgage in 10 years:

    If you want to pay off the mortgage in just 10 years, the rule of thumb is to double your monthly mortgage payment. It s not exact, but it s very close.

    Using our example from above, you d need a monthly payment of $3712.29 to extinguish the loan in 120 months.

    How to pay off a 30-year mortgage in 5 years:

    If you re really impatient and want to pay off the mortgage in five years, you basically have to make anywhere from 3.5-4X the monthly payment. That s $6,604.93 in our example to pay it all off in 60 months.

    How to pay off a 15-year mortgage in 10 years:

    If you have a 15-year fixed, but want to pay it down in 10 years, you can generally make a monthly payment about 1.5X and it ll be paid off in 120 months.

    How to pay off a 15-year mortgage in 7 years:

    To cut your 15-year mortgage term in half (or a bit more), doubling mortgage payments would pretty much lower the term to seven years or less, perhaps closer to 6.5 years.

    How to pay off a 15-year mortgage in 5 years:

    For those with a 15-year mortgage who want to triple the payoff speed, a monthly payment roughly 2.5X will get the job done.

    You can do this same formula for basically any mortgage term and desired payoff duration. So if you have a certain payoff date in mind, figure out the number of months first, then plug in that monthly payment to get the length of the mortgage down.

    Take the time to look into biweekly mortgage payments as well. These are mortgage payments made every two weeks, which equates to 26 total payments a year, or 13 monthly mortgage payments. That extra month payment per year goes toward principal, lowering the total amount of interest paid and decreasing the term of the loan.

    Every potential homeowner should take a look at an amortization schedule or a mortgage calculator to determine exactly how mortgage payments apply in their particular situation. Simply knowing your interest rate is not enough to make an educated decision on a loan product.

    And be sure you understand negative amortization as well, assuming if you got involved with a pesky option-arm loan.


    Online Loan Amortization Schedule: Printable Home – Auto Loan Repayment Chart, mortgage amortization tables.#Mortgage #amortization


    Loan Amortization Calculator

    This calculator will figure a loan’s payment amount at various payment intervals — based on the principal amount borrowed, the length of the loan and the annual interest rate. Then, once you have computed the payment, click on the “Create Amortization Schedule” button to create a printable report. You can then print out the full amortization chart.

    Current Mortgage Rates

    The Full Monthly Repayment Chart and Understanding Your Payment Allocations

    No one factor affects the cost of purchasing a house more than length of the loan. This may seem like a no-brainer, but so many people look only at the monthly cost and never consider the total cost. That is a huge error. Using our amortization calculator you can enter various scenarios to reveal the true cost of the place you will call home any other type of loan.

    Mortgage amortization tables

    Compare a 30-Year Loan

    It can’t be expressed enough that you should almost always choose a 15-year fixed mortgage. Unless you plan to move in a few years, the 15-year is the way to go. In the beginning, a large portion of your payment goes to interest. As time progresses more is placed toward principal, but it takes years before the interest and principal are equal paid. For example, let’s assume you have a $200,000 fixed mortgage for 30 years at 4% interest and no down payment. Your monthly principal and interest is $954.83, but it would take 153 payments until more money is directed to principal than interest. The road to building equity is slow moving. After five years you still owe $180,895; after 10 years you still owe $157.568, and after 30 you will have paid the bank $143,739 in interest. Yes, you saw that right. So In reality that $200,000 home really costs you $343,739!

    The 15-Year is the Real Winner

    Let’s take the same $200,000 fixed loan at 4%, but this time let’s select a 15-year term. This scenario provides monthly principal and interest of $1,479.38. This is a bit more than our other example, but stay with me here. Right off the bat, more of your investment is going more to principal than interest. After five years you still owe $146,117; after 10 years you still owe $80,328, and at the end of the term you will have paid the bank only $66,287 in interest. This time the total cost of borrowing $200,000 is $266,287 saving you $77,452 in interest compared to the 30-year option. Think of what your life would be like being mortgage free after only 15 years and having an extra $77,452 in your pocket!

    Mortgage amortization tablesFigure your savings by comparing 15-yr vs 30-yr loans side by side. Mortgage amortization tables

    Few are Disciplined Enough

    You may say that you don’t want to be locked into that higher payment and that you’ll simply add extra each month to reduce some of that interest? It rarely happens. Life happens, and the extra money slides through your fingers for things you no longer remember. Forcing yourself to fit the higher payment into your budget from the start is the only way to ensure paying the loan off in 15 years and saving all that interest.

    Additional Borrowing Expenses

    Principal and interest are not the only expenses tied to the loan. Your county wants some of your money and so does your insurance company, so be prepared for property taxes and homeowners insurance. The more expensive the house, the more both of these will cost. Most people roll these two charges into their monthly mortgage. Otherwise, you will be faced with a large bill at the end of the year.

    If your down payment is under 20%, the bank will require private mortgage insurance (PMI). This doesn’t protect you, it protects the bank in case you default. It can cost 0.5% to 1% of the entire loan. This fee is also rolled into your monthly payment. When the equity in your house reaches 20% the PMI can be removed, so this is another reason to choose the 15 year option – where your equity builds faster.

    Home Ownership Has Other Costs

    If you are a renter, you are accustomed to charges for utilities, but if you move into a larger house, be prepared for a larger heating and cooling bill. If anything needs repaired, you are responsible for all the parts and installation. So you need to build a rainy day fund, because odds are against you that one day the air conditioner will fail or the roof will leak or one of your major appliances will go on the blink. Without an emergency fund, these types of events can put you in the red. Lawn maintenance is another expense which may be new to you. Lawn mowers, weed whackers, hedge trimmers, etc. will be an immediate expense. If you live in a neighborhood with a homeowners association, monthly or quarterly fees may be required.


    Car Loan Calculator – Loan Payment Estimator, loan calculator amortization.#Loan #calculator #amortization


    loan calculator amortization

    Loan calculator amortization

    The first step is to enter the details of the proposed car loan in the fields to the left:

    • Vehicle Price – The price that you will pay for your vehicle
    • Down Payment – The amount of money that you will be putting down yourself on the car
    • Trade In – If you will be trading in your current car, put its expected value here
    • Owed on Trade – If you will be trading in and owe money on that vehicle, enter the amount here
    • Interest Rate – The interest rate that you will pay on the loan
    • Sales tax – The amount of sales tax levied in your area, this will be added to the vehicle price
    • Term (Months) – The number of months that your loan will run over, typical terms for a car loan are 36, 48 or 60 months
    • Start Date – This is the day that you sign your car loan contract, the first payment will come due one month later

    Once you enter your details click “Calculate” and your loan information will be generated.

    Understanding the Results

    There are four main sections in the results:

    Loan Summary

    This section gives you a brief summary of the proposed auto loan which includes the expected monthly payment, the total cost of the loan, total interest paid over the life of the loan and the date that the loan will be paid off in full. If you are simply trying to determine the monthly payment then this section is all you will need.

    Cost Breakdown Chart

    This pie chart provides a visualization of the total costs showing both the principal and interest paid over the term of your contract.

    Principal Balances Chart

    This chart shows you the balance of your loan at the end of each month over the term. Hovering the mouse over the line will popup a tooltip with the exact balance amount.

    Amortization Tables

    The final section is the amortization tables, there are three tabs here, the first shows your car loan amortized yearly, the second shows the monthly amortization for people who need full details and the third provides some further information breaking down all of the costs individually.

    Each row on these amortization tables gives you a snapshot of your loans position at the end of the specified year or month and tells you exactly how much principal and interest you would pay, and the remaining balance at that point in time.

    Final Note

    While this auto loan calculator should be highly accurate and give you a solid idea about the costs of a proposed car loan, it is not professional advise and should not be relied upon when making your final purchasing decision. Always talk to a professional directly and fully understand what you are getting into before signing a loan contract.


    Mortgage Payment Calculator –, mortgage amortization table.#Mortgage #amortization #table


    Mortgage Payment Calculator

    Use our mortgage loan calculator to determine the monthly payments for any fixed-rate loan. Just enter the amount and terms, and our mortgage calculator does the rest. Click on “Show Amortization” Table to see how much interest you’ll pay each month and over the lifetime of the loan. The mortgage loan calculator will also show how extra payments can accelerate your payoff and save thousands in interest charges.

    Amortization Table

    Mortgage amortization table

    Mortgage amortization table

    Mortgage amortization table

    Mortgage amortization table

    Whether you’re buying a new home or refinancing, our mortgage calculator can do the math for you. Simply enter the amount, term and interest rate to get your monthly payment amount. If you’re refinancing, enter the current balance on your mortgage into the loan amount section and input the new term and new rate that you’ll receive. Then click on the amortization table to see how much interest you’ll pay over the life of the loan. Add extra payments to find out how they can put your payoff schedule on the fast-track and save you thousands.

    Keep in mind that this calculator only calculates the mortgage payment. It does not include taxes, insurance or other fees included in the purchase of your home.

    Loan amount: The amount of money you’re borrowing. It’s the cost of your new home minus the down payment if you’re buying or the balance on your existing mortgage if refinancing.

    Interest rate: The exact rate you will receive on your loan, not the APR.

    Loan term: The length of time you have to pay off your loan (30- and 15-year fixed-rate loans are common terms).

    Amortization table: Timetable detailing each monthly payment of a mortgage. Details include the payment, principal paid, interest paid, total interest paid and current balance for each payment period.

    Monthly extra payment: Extra amount added to each monthly payment to reduce loan length and interest paid.

    Yearly extra payment: Extra amount paid each year to reduce loan length and interest paid.

    One-time extra payment: Extra amount added once to reduce loan length and interest paid.

    Mortgage amortization table


    Amortization Calculator, mortgage amortization table.#Mortgage #amortization #table


    Amortization Calculator

    Mortgage amortization table

    Monthly Pay: $1,687.71

    While our Amortization Calculator can serve as a basic tool for all amortized items, we have specific calculators for common situations. For these specific purposes, it is probably better to use them instead.

    What is Amortization?

    Webster’s dictionary defines amortization as “the systematic repayment of a debt.” There are two general uses to amortization: paying off a loan over time, or spreading the cost of an expensive and long-life item over many periods.

    Paying Off a Loan Over Time

    When a borrower takes out a mortgage, car loan, or personal loan, they usually make monthly payments to the lender; these are some of the most common uses of amortization. A part of the payment covers the interest due on the loan, and the remainder of the payment goes toward reducing the principal amount owed. Interest is computed on the current amount owed and thus will become progressively smaller as the principal is decreased. During the earlier stages of an amortization process, larger portions of the payments made are for interest. As time goes on, the principal portion will gradually increase until the principal becomes zero. It is possible to see this course of action at work on the amortization table.

    Credit cards, on the other hand, are generally not amortized. They are called revolving debt instead, where the outstanding balances can be carried month-to-month, and the amount repaid each month can be varied. Please use our Credit Card Calculator for more information, or our Credit Cards Payoff Calculator to schedule a financially feasible way to pay off multiple credit cards. Examples of other loans that aren’t amortized include interest-only loans and balloon loans. The former includes an interest-only period of payment and the latter has a large principal payment at loan maturity, both unrelated to traditionally-structured amortization schedules.

    Spreading Costs

    Businesses like to purchase expensive items that are used for long periods of time that are classified as investments. Commonly amortized items for the purpose of spreading costs include machinery, buildings, and equipment. From an accounting perspective, a sudden purchase of expensive factory during a quarterly period can skew the financials, so its value is amortized over the expected life of the factory instead. Although it can technically be considered amortizing, this is usually referred to as the depreciation expense of an asset amortized over its expected lifetime. Use our Depreciation Calculator to depreciate items according to conventional accounting standards.

    Amortization as a way of spreading business costs generally refer to intangible assets like a patent or copyright. Under Section 197 of U.S. law, the value of these assets can be deducted month-to-month or year-to-year. Just like with any other amortization, payment schedules can be forecasted by a calculated amortization schedule. The following are intangible assets that are often amortized:

    1. Goodwill, which is the reputation of a business regarded as a quantifiable asset
    2. Going-concern value, which is the value of a business as an ongoing entity
    3. Workforce in place (current employees, including their experience, education, and training)
    4. Business books and records, operating systems, or any other information base, including lists or other information concerning current or prospective customers
    5. Patents, copyrights, formulas, processes, designs, patterns, know-hows, formats, or similar items
    6. Customer-based intangibles including customer bases and relationships with customers
    7. Supplier-based intangibles including the value of future purchases due to existing relationships with vendors
    8. Licenses, permits, or other rights granted by governmental units or agencies (including issuances and renewals)
    9. Covenants not to compete or non-compete agreements entered relating to acquisitions of interests in trades or businesses
    10. Franchises, trademarks, or trade names
    11. Contracts for the use of, or term interests in any items on this list

    Some intangible assets, with goodwill being the most common example, that have indefinite useful lives or are “self-created” may not be legally amortized for tax purposes.

    According to the IRS under Section 197, some assets are not considered intangibles including interest in businesses, contracts, or land, most computer software, intangible assets not acquired in connection with the acquiring of a business or trade, interest in existing lease or sublease of tangible property or existing debt, rights to service residential mortgages (unless it was acquired in connection with the acquisition of a trade or business), or certain transaction costs incurred by parties to a corporate organization in which any part of a gain or loss is not recognized.

    Business Tax Purposes

    In the U.S., amortization is a legal expense of doing business and can be utilized to reduce an organization’s taxable income, which many companies take advantage of. Depreciation, which can be defined as the amortization of tangible assets, is found on most companies’ income statements as an expense that is generally tax deductible. Depending on each company and what their business entails, tangible assets depreciated can be factory machinery, trucks, and various equipment. Intangible assets can be any of the examples listed above excluding the exceptions right underneath. All amortizable assets are disclosed on Form 4562 provided through the IRS where new assets are listed first, and then subsequent assets that are in the midst of an amortization schedule from previous years. The calculated results are then transferred to the relevant tax return forms, depending on type of business such as sole proprietorship or corporation.

    Amortizing Startup Costs

    An exception to amortization in business tax are business startup costs, which are defined as costs incurred to investigate the potential of creating or acquiring an active business and to create an active business. They must be the expenses deducted as business expenses if incurred by an existing active business, and must be incurred before the active business begins. Examples of these so-called costs include consulting fees, financial analysis of potential acquisitions, advertising expenditures, and payments to employees, which all must incur before the business is deemed active. According to IRS guidelines, initial startup costs must be amortized, and $5,000 can be deducted during the first tax year of the business.