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


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 Calculator, loan amortization calculator.#Loan #amortization #calculator


Amortization Schedule

Currently the Amortization Schedule Calculator is the most popular financial calculator on this website. It calculates one of four unknowns or you can provide all the values. You are also in control of the loan and first payment dates. More below.

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Related: Need to amortize a really big debt? US National Debt Calculator handles debts to $99 trillion. Amortize entire debt or your family’s share of the debt (surprise!). Also, generic use for bond coupon schedules.

Important Note About Dates: This calculator 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 produce 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 they equal 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.

Loan Payment Schedule Help

Every loan has four primary attributes or variables. (1) The loan amount, (2) the number of payments, (3) the annual interest rate and (4) the payment amount.

Enter any 3 values and zero (‘0’) for the unknown value. Click the [Calc] button to solve for the unknown and create a schedule.

Note: you can enter a non-zero value for all 4 variables. In that case, your inputs will be used to create the amortization schedule.

The Loan Date is the date the monies are advanced. It is also called the origination date .

The First Payment Date is the date the first payment is due. It may be the same date as the Loan Date but not usually. When they are the same, this is known as Payment-in-Advance . Leases are typically paid-in advance.

Payment Frequency determines how often payments are due. Monthly is the most common in the USA.

Compounding impacts how interest is calculated. In most cases Compounding should equal the Payment Frequency .

Points are charged on some loans by the lender. Points are expressed as a percentage of the loan amount. A 300,000.00 loan with 2 points results in an extra fee due the lender of 6,000.00. Points are common for mortgages in the US only. Normally, you will want to leave this input set to 0.0%.

The Amortization Method should usually be set to Normal . If the loan originates in Canada then you’ll want to set this to the Canadian method. In some special cases loans will have only the interest paid as the regular payment or no interest at all. In that case, you can set the Amortization Method to accommodate those types of loans. The Rule-of-78’s is sometimes used for car loans or other consumer loans.

To print any loan schedule, click on Print Preview and then Print this schedule .

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 . The odd day interest, with this schedule, is shown as being paid on the loan date. 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.

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.

What is amortization? According to vocabulary.com, amortization means a debt is being paid off by a series of payments . When people search for an amortization calculator, they search for it using many different search phrases. If you are searching for any of these financial calculators, this calculator should meet your needs. If it doesn’t, feel free to tell me what you need in the comment area below and there is a good chance I’ll be able to make a recommendation.

Related: Don’t over pay, don’t under collect. If you need to track payments on the exact date they are paid (or missed) for whatever amount, then use the loan payoff calculator. For a step-by-step example see the payoff calculation tutorial.

This website has dozens of financial calculators that create various amortization schedules, payment schedules, withdrawal schedules and general cash flow schedules. This is a complete list of our free, online calculators. Feel free to surf!

Need More Features?

auto loan calculator have all recently been updated.

  • Supports setting dates – just like this calculator
  • User controls when and how odd day interest is due
  • Do what-if with extra payments
  • User can select last month for year end totals

Mortgage Amortization, How Your Mortgage Is Paid Off, The Truth About, loan amortization.#Loan #amortization


Mortgage Amortization

Loan amortization

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

Loan amortization

(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.


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.


Amortization Schedule, Amortization Software, car loan amortization.#Car #loan #amortization


car loan amortization

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

Car loan amortizationThis 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.

    Car loan amortization Car loan amortizationAll 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]

    Car loan amortization


    Mortgage Amortization, How Your Mortgage Is Paid Off, The Truth About, loan amortization table.#Loan #amortization #table


    Mortgage Amortization

    Loan amortization table

    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

    Loan amortization table

    (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.


    Home Financing Calculators and Tools, loan amortization table.#Loan #amortization #table


    Home Financing Calculators and Tools

    HSH.com s free mortgage calculators can answer even complex financial questions in just a few minutes. We’ll help you find answers to common items, such as “Can I qualify for a mortgage?” What s my monthly payment?” or “Will prepaying my mortgage help me save money?” all the way up to more difficult ones, such as “How large of a down payment do I really need?”, “What s the best way to pay for my refinance?” or even “When will my home no longer be underwater?”

    Whether you re looking to learn more about your purchase, refinance or you simply need a few tools to better help you manage your mortgage, HSH.com has all the bases covered. Scroll down to browse our calculator list or use the navigational elements below to find the calculator you are looking for.

    Most Popular Calculators

    Mortgage Calculator with Amortization Schedule

    The classic: Full payment-by-payment amortization of your loan and a print-and-take-away schedule. Biweekly schedules, too!

    PMI Cost Calculator

    What will mortgage insurance cost with less than a 20-percent down payment?

    PMI Calculator

    A more complete review of your loan’s costs, including your mortgage insurance premium — and when it will disappear.

    Refinance Calculator

    Plug in your numbers and find out the best way to pay for your refinance — find out how to save the most money.

    Refinance Calculators

    Refinance Calculator – HSH.com’s TriRefi℠ Calculator

    Plug in your numbers and find out the best way to pay for your refinance — find out how to save the most money.

    PreFi℠ Prepayment Refinance Calculator

    Prepaying your mortgage can save you as much interest as refinancing — without the cost or hassle!

    LowerRate℠ Mortgage Prepayment Calculator

    Wish you refinanced at the very bottom for mortgage rates? Pick the rate you want and prepay your mortgage to the same savings!

    Refinance Calculator- Should I Refinance My Mortgage?

    The age-old question — answered in this classic “break-even” calculation.

    Home Mortgage Calculators

    Rent vs. Buy Calculator

    Take the plunge into homeownership or not? See all the financial angles to see if buying a home will benefit you (requires Java).

    Down payment Decisioner℠ Down Payment Calculator

    More down payment or less? Learn the cost break points for mortgage insurance and how to keep or save the most money when buying a home.

    FeePay BestWay℠ Closing Cost Calculator

    Find out the best way to pay your home loan’s closing costs — out of pocket, in the loan balance or incorporated into the rate.

    How Much House Can I Afford?

    Qualify yourself for a mortgage amount and maximum home price just like the professionals do.

    Income Qualification Calculator

    See what kind of income you’ll need to cover your mortgage payment, property taxes, insurance, maintenance costs and more.

    It’s My Term Prepayment Calculator

    You choose when you want your mortgage to end — we’ll tell you what you need to spend to make it happen.

    RoundUp℠ Prepayment Calculator

    Painlessly putting even a few extra dollars per month toward your mortgage can save you a bunch of money over time.

    Underwater Mortgage Calculator – KnowEquity When℠

    Downturn left you underwater? Find out when you won’t be through the process of amortization and appreciation.

    Underwater Mortgage Calculator – KnowEquity How℠

    Need your mortgage to be above water by a certain date? Learn the exact combination of prepayment and appreciation you’ll need to get there.

    Mortgage Prepayment Calculator

    Learn how much you can save if you prepay your mortgage — and how soon your loan will end.

    Mortgage Calculator: Mortgage Amortization Calculator and Schedule

    The classic: Full payment-by-payment amortization of your loan and a print-and-take-away schedule. Biweekly schedules, too!

    Private Mortgage Insurance Calculator

    What will mortgage insurance cost with less than a 20-percent down payment?

    PMI and Loan Amortization Schedule

    A more complete review of your loan’s costs, including your mortgage insurance premium — and when it will disappear?

    Fast Amortization Calculator

    Three inputs and you can see a full breakout of your home loan’s principal and interest payments.

    Mortgage Widgets and Tools

    Home value estimator: MyHPI.

    MyHPI, a home value estimate tool, will tell you how much the value of your home has changed since you owned it, based on how your overall market has performed.

    Free Mortgage Widgets.

    Looking for free and informative tools for your website? HSH.com’s free widgets provide fresh content that can improve any website.

    Are You a Normal Neighbor?

    Tell us a little bit about your family and your home, and we’ll show you how you compare to the averages in your area.

    The Mortgage Next Door

    See the average home loan in your neighborhood and how it compares to yours.

    Other Home Loan Calculators

    Basic Loan Payment Calculator

    Fast and simple — and perfect for auto and personal loans, too.

    Monthly Payments Per $1000 and Total Cost (principal and interest combined)

    A print-and-take-away handy reference table for calculating monthly mortgage payment and total interest cost.

    Credit Grade Calculator

    Not sure where you stand? This simple calculator will give you a “ballpark estimate” of how good or bad your credit is.

    APR Calculator

    Calculate the effect of fees and points to see your mortgage’s true cost.

    Loan Comparison Calculator

    A quick side-by-side way to compare costs of two different mortgages.


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


    loan amortization calculator

    Loan amortization 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.


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


    car loan amortization

    Car loan 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.


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


    Amortization Calculator

    Payment Summary

    Our free Amortization Calculator app is now available to download in the Google Play marketplace.

    Amortization loan calculator

    What is an amortization calculator?

    An amortization calculator determines payment information for any type of loan although it is most commonly used for mortgages. It requires a starting amount (principal), an annual interest rate and a length in years or months (term). Based on that information it calculates the monthly payment that is required to pay off the loan in the term length. In most cases, it is assumed the interest rate is fixed and does not change over the course of the loan. It is also assumed that there is only one payment per month.

    How is the monthly payment determined?

    Calculating the monthly payment amount requires a complex formula because it has to account for interest. Each month the amount of interest that is owed changes as the remaining balance of the loan decreases. Taking this into consideration, the formula generates the exact amount that needs to be paid each month to account for interest and be able to pay off the loan in the term length. Don’t worry about the specifics of this formula as is it is much too complex to calculate yourself!

    What is an amortization schedule?

    Most amortization calculators will also give you the option to generate an amortization schedule. Think of an amortization schedule like a detailed payment plan for your loan. It lists each payment and breakdowns how much of that payment is interest and how much goes toward the principal. It will also track the remaining principal and how much total interest you’ll end up paying. Be aware that amortization schedules are somewhat simplified as they don’t account for taxes, fees, extra payments, refinancing or changes in the interest rate. Additionally, rounding needs to be done to display payment amounts so that can be lead to results that appear slightly different but are still accurate.