What is a Mortgage Calculator?
Mortgage Amortization Schedule Calculator
The mortgage amortization schedule calculator helps you determine how much of your monthly payment will go towards the principal and how much will go towards the interest. You can also use this calculator to create a amortization table for your loan and to estimate the monthly payments on your mortgage. This amortization calculator gives out the annual or monthly amortization schedule of a one time fixed interest loan. This calculator also gives out the monthly payment and total interest to be paid. In the early years of your mortgage, the majority of your monthly payment is applied to interest. As time goes by, more of your mortgage payment will be applied to your principal. Our Home Loan Amortization Calculator will help you work out how long it may take for you to pay off your loan. Just estimate your Mortgage or Home Equity loan amount, loan term and interest rate. Please note that calculations are based on a fixed rate loan, fully amortizing loan.