Freddie Mac Home, get a home loan.#Get #a #home #loan


$4.7 Billion Q3 Net Income

Our transformation is delivering strong results

Big Data Is a Big Deal at Freddie Mac

Big data is the buzzword du jour. There’s no shortage of data in the mortgage finance industry but simply gathering a lot of data isn’t useful.

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Could a Manufactured Home Be Right for You?

Manufactured homes have improved a lot over time, and are an important source of housing across the country. In Kentucky, a new program can help get you ready to buy one.

Annual Affordable Housing Goals

See how we’re helping to meet affordable housing needs nationwide.

The ‘B’ Word: Can We Spot the Next House Price Bubble?

We’re Tracking The Market

Freddie Mac surveys lenders each week on the rates, fees and points for the most popular mortgage products. Average Mortgage Rates as of November 16, 2017

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When the hard work is done and I see results, it gives me a strong sense of purpose.

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I like forging new territory and dealing with large initiatives.

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I think if you really put your mind into something, you can do almost anything.

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Personal Banking, NRI Banking, Personal Loan & Home Loans – IndusInd Bank, get a home


PERSONAL

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INSTANT TWO WHEELER LOANS

Fill in an easy online application form and get immediate approval basis your credit profile.

You need not be an existing IndusInd customer to apply for the loan, anyone can apply for the loan.

Attractive Interest Rates

Get the best of interest rates when you apply online at IndusInd Bank.

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Report the loss of a card to the bank immediately.

Log off from Internet Banking after every online banking session. Don’t just close your browser.

Always check the last log-in to your internet banking account.

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Don’t Fall for Phishing Message – Do not reply to such mails asking for your personal or bank details. Please report any such suspicious emails to [email protected]

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  • In case of any grievance / complaint against the Depository Participant Indusind Bank Ltd:

Please contact Compliance Officer Mr. Vishal Nayak on email-id ( reachus<>indusind.com ) and Phone No. – 91- 1860 500 5004.

  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your Bank to make payment in case of allotment. No worries for refund as the money remain in investor’s account.

    Consequent to the introduction of an amendment to Section 194A of Income Tax Act vide Finance Bill 2015, TDS provisions would be applicable to Recurring Deposits (RDs) with effect from June 01,2015 and Tax At Source will be deducted as applicable.

    IndusInd Bank Limited Registration Number NSE: INE231308847. MCX Stock Exchange Limited: INE261314434 for dealing in currency derivatives segment

    Prevent unauthorized Transactions in your demat account. Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day. Issued in the interest of investors.

    Prevent unauthorised transactions in your Currency Derivative Segment(CDS) Account.Update your mobile numbers/email IDs with CDS Operations

    ( cdsops<>indusind.com ). Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.Issued in the interest of Investors.

    KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

    As per SEBI guidelines we are dispatching new format DIS (Delivery Instruction Slip) to those demat clients who are still using old DIS. Please note that old DIS cannot be accepted on or after January 7, 2016 as per the provisions of SEBI circular.”

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  • Loan Program Handbook for Lenders, Realtors, Non-Profits, CalHFA, best home loan lenders.#Best #home #loan #lenders


    Loan Program Handbooks for Lenders, Realtors, and Non-Profits

    CalHFA has organized its program information into convenient handbooks for easy reference. All the information for a given program from qualifying criteria to forms docs is collected in one easy place. You can print them out for desktop reference, or browse and search them online in PDF format. Get familiar with their layout, and you’ll be a CalHFA program whiz in no time.

    FIRST MORTGAGE PROGRAMS

    Conventional Loans (Conventional Program Matrix)

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    Lender Training Video: Conventional First Mortgage Products

    A description of how your clients can benefit from CalHFA’s Conventional Loan Programs. Don’t forget to take the exam after each video for a verification of training.

    The CalHFA Conventional program is a first mortgage loan insured through private mortgage insurance on the conventional market. The interest rate on the CalHFA Conventional is fixed throughout the 30-year term.

    The CalPLUS Conventional program is a conventional first mortgage with a slightly higher fixed interest rate than our standard conventional program. This loan is fully amortized for a 30-year term and is combined with the CalHFA Zero Interest Program (ZIP) for closing costs.

    Government Insured Loans (Government Loan Programs Matrix)

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    Lender Training Video: FHA First Mortgage Products

    A description of how your clients can benefit from CalHFA’s FHA Loan Programs. Don’t forget to take the exam after each video for a verification of training.

    The CalHFA FHA program is an FHA-insured loan featuring a CalHFA fixed interest rate first mortgage. This loan is fully amortized for a 30-year term.

    The CalPLUS FHA program is an FHA-insured first mortgage with a slightly higher fixed interest rate than our standard FHA program. This loan is fully amortized for a 30-year term and is combined with the CalHFA Zero Interest Program (ZIP) for closing costs.

    The Cal-EEM + Grant program combines an FHA-insured Energy Efficient Mortgage first mortgage loan with an additional Cal-EEM Grant, making energy efficient improvements even easier. The interest rate on the Cal-EEM is fixed throughout the 30-year term.

    The CalHFA VA program is a VA-insured loan featuring a CalHFA fixed interest rate first mortgage. This loan is fully amortized for a 30-year term.

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    Lender Training Video: CalHFA VA Loan Program

    A description of how your clients can benefit from the CalHFA VA Loan Program.

    DOWN PAYMENT ASSISTANCE PROGRAMS

    Offers a deferred-payment junior loan of an amount up to the lesser of three and half percent (3.5%) of the purchase price or appraised value to assist with down payment and/or closing costs.

    This program is for teachers, administrators, school district employees and staff members working for any California K-12 public school, which includes Charter schools and county/continuation schools. Applicants must also be first-time homebuyers. Offers a deferred-payment junior loan of an amount not to exceed the greater of $7,500 or 3.5% of the sales price or in CalHFA-defined high cost areas an amount not to exceed the greater of $15,000 or 3.5% of the sales price. Assistance can be used for down payment.

    Resubordination Process for CalHFA Junior Loans

    *As of February 1, 2017, all resubordination application packages must be submitted electronically. Please refer to the resubordination instructions below.

    Recent legislation has enabled CalHFA to resubordinate existing junior loans if homeowners meet certain eligibility requirements. This legislation will help existing homeowners keep their homes by allowing them to refinance their existing first mortgage and not be forced to pay off their existing CalHFA junior loan(s).

    To determine if subordinate lien(s) belong to CalHFA or Keep Your Home California (KYHC), please refer to these examples for clarification.

    MORTGAGE CREDIT CERTIFICATE TAX CREDIT PROGRAM

    A federal credit which can reduce potential federal income tax liability, creating additional net spendable income which borrowers may use toward their monthly mortgage payment. This MCC Tax Credit program may enable first-time homebuyers to convert a portion of their annual mortgage interest into a direct dollar for dollar tax credit on their U.S. individual income tax returns.

    Updates and changes will be announced from time to time via a Program Bulletin ( Program Bulletin or Program Bulletins ) and Lenders should sign up for Enews announcements and monitor CalHFA s website for specific Program Bulletin updates and changes to the Program Manual.

    Whenever possible, CalHFA will provide its Lenders a five (5) business day notice via a CalHFA Program Bulletin or Enews announcement regarding program and policy changes.

    Some exceptions may apply to the notification policy, such as daily interest rate announcements and changes directed by other state (e.g. State Treasurer s Office), federal (e.g. GSEs, FHA) or private (e.g. Master Servicer and Mortgage Insurance provider) partners who have not allowed sufficient time for a 5-day notification.

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    Loan Calculator and Payment Schedule, Not a Toy, payment calculator for loan.#Payment #calculator #for #loan


    Loan Calculator

    Since you may have happened upon this loan calculator to calculate a monthly payment, I’ll cut to the chase. You’ll only need to enter three numbers, and you can leave the other dozen or so options untouched.

    Here’s all you need to do.

    • Click clear and enter values for:
      • Loan Amount
      • Number of Payments
      • Annual Interest Rate
    • Leave Loan Payment Amount set to 0.
    • Click either Calc or Payment Schedule.

    There you have it. Now you have what you need.

    This calculator though offers users so much more. Spend a few minutes with it, and you’ll see. More below.

    Will making small, extra payments save me money?
    Will paying half the monthly payment every other week save interest charges?
    Buying or selling real estate?

    VERY IMPORTANT – You must enter a 0 if you want a value calculated. Some users have been frustrated by this. They want to know why the calculator does not just recalculate a payment if they have changed the loan amount, interest rate or term.

    This is because we want the calculator to be able to create an amortization schedule using whatever parameters you want to use. This behavior is a feature! After all, there is no such thing as a correct loan payment. The payment amount is correct as long as both the lender and debtor agree to it!

    ABOUT DATES – This calculator now allows irregular length first periods. That is, the calculator calculates the exact amount of interest due even when the initial period is shorter or longer than the other scheduled periods. This will result in payment amounts as well as interest charges that do not match other calculators. If you want to match other calculators then set the Loan Date and 1st Payment Date so that the time between them equals one full period as set in Payment Frequency . Example: If the Loan Date is May 15th and the Payment Frequency is Monthly, then the 1st Payment Date should be set to June 15th, that is IF you want a conventional interest calculation. See the end of the Help text for some more details.

    Of course, you can always leave the dates set as they are when the calculator loads.

    Much More Than a Payment Calculator

    Since the calculator will solve for multiple unknowns, it can easily be used to answer the following questions:

    • How much can I borrow?
    • What would my payment be?
    • What is the lending rate?
    • How long will it take to pay off my loan?
    • What date is my loan paid off?
    • NEW – what is the impact of extra payments?

    Payment calculator for loan

    See the payment schedule for total interest saved.

    Loan Calculator Help.

    This calculator will solve for any one of four possible unknowns: Amount of Loan , Total Scheduled Periods (term), Annual Interest Rate or the Periodic Payment .

    Enter a ‘0’ (zero) for one unknown value.

    The term (duration) of the loan is a function of the Total Scheduled Periods and the Payment Frequency . If the loan is calling for monthly payments and the term is four years, then enter 48 for the Total Scheduled Periods . If the payments are made quarterly and the term is ten years, then enter 40 for the Total Scheduled Periods .

    The Amortization Method should be set to Normal (level payments) unless you have a specific reason to set it to another method. Fixed Principal causes the amount allocated to principal to be the same each period which result in decreasing payments.

    If the terms of the loan call for a 0% interest rate, then the Amortization Method must be set to No Interest, otherwise entering a zero for Annual Interest Rate? will cause the calculator to calculate an interest rate. Selecting No Interest, also lets the user set the payment amount to 0 to tell the calculator to calculate it.

    When the first period, the period of time between the loan date and the first payment date is longer than one full period, there will be interest due for the extra days . This is known as odd day interest. Example: if the loan date is March 24 and the first payment date is May 1, then there are 8 odd days of interest – March 24th to April 1st. How the odd day interest is calculated and collected is controlled with the Long Period Options. By default, the odd days interest is shown being paid on the loan date.

    Conversely, if the time between the loan date and first payment date is less than the payment period set, then the first period is said to be a short initial period and the first payment will be reduced due to less interest being owed. How the payment amount and interest is calculated for a short period is determined by the Short Period Options.

    On a more general note, we have been discussing details about loans, some structured with unusual features, over several decades. At this point, we believe our software calculators can create a schedule for any structured settlement loan that exists. If you have a loan with special requirements, please ask.

    Hopefully, you’ll find this loan calculator as well as all the financial calculators on this site to be useful tools. Why not take another sip of your favorite beverage and explore for a few minutes? Start by checking out The Reading Room. Here you’ll find a half dozen articles, written by professionals, about money.


    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 –, payment calculator for loan.#Payment #calculator #for #loan


    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

    Payment calculator for loan

    Payment calculator for loan

    Payment calculator for loan

    Payment calculator for loan

    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.

    Payment calculator for loan


    Home Equity & Credit Loans, Mortgage, St, home equity loan.#Home #equity #loan


    Home Loan Products

    There s no feeling quite like holding the key to your new house for the first time. Although it s such a simple piece of metal, one key has the power to unlock the walls guarding the space where your most significant life events will unfold.

    Home is where you will entertain your closest friends and family; it provides a safe haven for your children s imaginations to flourish; it comforts you each night when you rest your head. It does all of this and everything in between.

    At Arsenal, we know that home is the epicenter of your world. Our home loans are designed to help you stop dreaming and start living in a space you can call your own.

    Our fast, professional mortgage team will guide you through the process with the superior service you ve come to expect from your credit union. (Click here for a current list of Mortgage Loan Originators at Arsenal Credit Union who are registered with NMLS.) Our licensed loan officers will help you determine which of the many different types of mortgage products we offer best fits your need.

    We re here to help you any way we can. You may find this FAQ document and these mortgage calculators helpful, plus these other resources.

    A great first step is to get pre-qualified so you have a good idea of how much you can afford; there s no obligation to borrow. Use this form. Or, you can skip that step and apply for a mortgage loan now.

    Rates may change daily. For current rates and terms, click here or call 314.962.6363 and say or press 4 then 1. If you have found your dream home, consider locking in a rate as soon as possible.

    Home equity loan If you are a first-time homebuyer, our local partner, First Integrity Mortgage Services, can show you how you can become a home owner.

    Protect your home and what s inside it with homeowner s insurance. Cover yourself against losses or damage from fire, weather, theft and more. Protect yourself from liability if an accident happens on your property.

    Go Green Loans

    These loans carry special rates and terms for homeowners looking to make energy-efficient improvements. Borrow as little as $500 or as much as $15,000 for up to 60 months at interest rates as low as 5.99% APR*. Click here to read more.

    *APR = Annual Percentage Rate. Rate varies and is based on creditworthiness. Lowest rate cited as of September 1, 2017, and is subject to change. Contact the credit union for complete details.

    Home Equity Loans and Lines of Credit

    The equity you have in your house is the difference between what you still owe on your house (your mortgage balance) and what your house is worth on the market now (the appraised value).

    You can borrow against your equity to consolidate bills, fix up your home, finance college tuition, even purchase a new car. Unlike many other lenders, we allow you to borrow up to 100% of the equity you have in your home, plus we pay for the associated closing costs * on such loans a $500 to $700 value on average! Interest on home equity loans is often tax deductible, too. Check with your tax advisor for details.

    If you choose a home equity line of credit, you can draw on it as you need it. For example, if your credit line is $22,000, you might decide to initially use $5,000 to pay off all your credit card debts. A year or two later, you may want to remodel your kitchen or basement and get a $10,000 advance from your credit line to make it a reality. Tap into your line of credit anytime without reapplying with special checks from the credit union. As you pay off your credit line, the money becomes available for you to borrow again.

    Home equity loans (fixed rate)

    • Borrow 60%, 80%, or 100% of your home s equity.
    • At 60%, borrow a minimum of $20,000.

    Home equity lines-of-credit (variable rate)

    • Borrow up to 80% ($10,000 – $150,000) at the prime rate**
    • Borrow up to 100% ($5,000 – $100,000) at the prime rate + 1.0% APR***

    *ACU may pay closing costs for home equity loans or lines of credit. If the borrower repays the loan within the first 12 months, the borrower must reimburse the credit union for the closing costs. Borrower is responsible for obtaining and paying for comprehensive insurance to cover the value of the real estate. In the provided example, if borrowing 60% of the equity you have in your home, you could borrow $33,000. At 100%, $55,000.

    **Floor 4.50%, May adjust monthly. Adjustment cap 2%, lifetime cap 20%

    ***APR = Annual Percentage Rate. Floor 6%. May adjust monthly. Adjustment cap 2%, lifetime cap 20%.

    To apply for a home equity loan or line of credit, please visit any of our branches or call us at 314.962.6363 or 618.239.6363, option 4.

    If you currently have a home equity loan or line of credit with us, you can update your insurance information here.


    Pay Off Loan Calculator – Find out how long it will take to pay off


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    How long until my loan is paid off?

    By making consistent regular payments toward debt service you will eventually pay off your loan. Use this calculator to determine how much longer you will need to make these regular payments in order to eventually eliminate the debt obligation and pay off your loan.

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    Credit 101

    An important part of personal finance is how you manage your debt. Ideally, you would not have any debt, but in practice, most families do. It is not likely that most persons would be able to buy a car, a house, an education, or even major appliances without having to incur some debt. Sometimes, debt may actually be desirable, especially if you could borrow money at a low interest rate to make a high-interest investment.

    Debt makes everything cost more. If you saw a sign in a store window advertising “Sale — Everything 25% Off,” you might be tempted to rush in and buy, buy, buy. But what if the sign said “Sale — Everything 25% More Than Marked”? That is just what happens when you pay for goods and services using debt. Moreover, you may be using debt without even realizing it.

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    Take the Just Say No Debt Challenge

    While credit stimulates the economy, it does have to be used judiciously. Credit is not money. Derived from the Latin word for “trustworthiness,” credit is based on faith that the borrower will repay the debt with real money. One should not use credit in place of money when there is little or no likelihood that payment in real money will be made using credit without the intent or ability to pay is theft.

    Today, credit has become a business in its own right. Credit is issued by banks, savings and loans, credit unions, public utilities, and even merchants. According to the Federal Reserve, there was more than $2.5 trillion of consumer debt outstanding by late 2009 this is more than double the amount outstanding in 1994. This represents hundreds of billions of dollars in interest earnings to lenders. This is why credit card companies aggressively compete to get you to use their credit cards and services. The marketing is so aggressive that consumers may lose sight of the fact that this is not free money and make excessive purchases to the point where they find themselves in financial difficulty.

    Loan calculators

    How to Conquer Credit Card Debt

    While credit is very important to the economy, its abuse is harmful. Credit is extended with the faith that borrowers will repay the debt. Goods and services are provided on credit with the expectation that they will be paid for with money in the future. Credit makes commerce more convenient. When credit is abused, everyone loses. Credit abuse increases the cost of credit to everyone.

    One should never use credit to purchase things for which one will not be able to pay in the future. Many impulse purchases are made on credit with little thought given to how the debt will be repaid in the future. If one calculated the true cost of goods bought on credit, one would have second thoughts about making the purchase in the first place. Here is an example: a new television flat-screen HDTV model retails for $5,000. If purchased on a credit card with a 12% annual percentage rate (APR) compounded daily, and with minimum monthly payments of $166 paid over three years, it winds up costing over $5,980. Is it worth almost $1,000 more to have it now (furthermore, the retail price in 3 years will probably drop)? That is like going into a store that advertised “SALE–ADD 20% TO EVERY PURCHASE.”

    Loan calculators

    This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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    Amortization Calculator, amortization loan calculator.#Amortization #loan #calculator


    Amortization Calculator

    Amortization loan calculator

    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.


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


    amortization loan calculator

    Amortization loan calculator

    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.