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Home value
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Down payment
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Mortgage amount
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Interest rate
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Mortgage length
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Property tax
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Property insurance
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Private mortgage insurance (PMI)
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Payment frequency
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Mortgage start date
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Extra payments
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Free Amortization Calculator
Our amortization calculator will help you to figure out the payment on a loan and will provide you the interest and principal breakdown per payment as well as the annual interest, principal and loan balance after each payment.
You often require a loan amortization table like this to do your taxes, or you may just be interested in knowing how much you still owe on your car or your home loan.
For each calculation we offer the printable version of the results (document style layout) and we also offer downloadable spreadsheets as well.
An amortization schedule or amortizing loan schedule is a table detailing every single payment during the life of the loan.
Each of these loan payments are split into interest and principal.
What is amortization?
Amortization is the process of reducing an amount over a given time period. In our case it means the payment of a loan in multiple installments. These repayment installments are determined by an amortization schedule (also known as amortization table or amortization chart). Each of these regular periodic payments consist of principal and interest as well. Common example of the amortization process is a mortgage loan, personal loan or car loan and it is one of the simplest and most used loan repayment models today.
How can an amortization calculator help you?
Amortization is the process of reducing an amount over a given time period. In our case it means the payment of a loan in multiple installments. These repayment installments are determined by an amortization schedule (also known as amortization table or amortization chart). Each of these regular periodic payments consist of principal and interest as well. Common example of the amortization process is a mortgage loan, personal loan or car loan and it is one of the simplest and most used loan repayment models today.