Note: Due to the varying payment nature of certain loan types, this Basic Amortization Schedule may not accurately
reflect the payment breakdown on ARM, Interest Only, and Balloon loans.
This Basic Amortization Calculator is a tool that computes how a loan matures from the first payment date to the last. After entering
a Loan Amount, Interest Rate and Term, click "Show Detail" for a complete amortization schedule. Click "Show Summary" if no detail
is needed at this time.
The Basic Amortization Calculator will compute Monthly Payment (P & I only), Payments Remaining, Total Interest To Be Paid, Total
Principal To Be Paid and Last Payment Date. You may also analyze potential savings to a loan by making additional payments to the
principal balance. Enter an amount in "Extra Monthly Payment" or "One-Time Payment to Principal" and click "Show Detail" or "Show
Summary". You can then review the potential savings in the "Payments Remaining", "Total Interest To Be Paid" and "Maturity Date"
areas.
If you would like a printout of this Amortization Schedule, please check the "Format For Printing" checkbox prior to clicking "Calculate". |
