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Bret's mortgage/loan amortization schedule calculator: calculate loan payment, payoff time, balloon, interest rate, even negative amortizations.
The calculator doesn’t just figure out the payment: it can fill in almost any of the other parameters for you, if you know what the rest of them are. It can even handle balloon payments, negative amortizations, and extra payments under certain circumstances.
Plug in the loan parameters, and set the Show Amortization Schedule option before clicking Calculate. Determine how many payments you have made so far, and look up the Principal Balance in the final column of the amortization table.
Use this form to calculate the periodic repayment of borrowed principal and interest incurred for a given time period and interest rate. The assumption of this calculator is that the regular payments (consisting of principal and interest) are equal, and that the first installment is due one payment interval after the borrowing date. There may ...
The Latest Addition. Over the years, a lot of people have asked for calculator features like occasional extra principal reduction payments, tracking fees or late charges, summary of interest over a fiscal year. My pat response is “this kind of thing needs a spreadsheet or special-purpose software.”.
As of July 2nd, 2008, the Amortization Calculator was officially moved from its old location in the Meteorology Department of Florida State University to this website. The primary impetus for the move is that the aging machine on which the calculator had been running since the mid-90s will soon need to be shut down for good.
I published a new responsive design of the amortization calculator pages which now scale better for smaller screen sizes. For now, the color scheme is mostly the same, and the calculations themselves should not be affected.
This is my derivation of the formula for amortization. The goal is to find a payment amount, x, which pays off the loan principal, P, after a specified number of payments, N. We start with some variable definitions: The principal borrowed. The number of payments.
I published a new responsive design of the amortization calculator pages which now scale better for smaller screen sizes. For now, the color scheme is mostly the same, and the calculations themselves should not be affected.
I love your amortization calculator, because it is powerful; yet, easy to use! Our mortgages up here in Canada are similar to yours in the USA; however, they compound semi-annually instead of monthly.