Amortization Schedule and Calculator
Below you'll find a simple loan calculator which allows you to input different
interest rates, loan amounts, and mortgage length so you can estimate your
monthly payment. Plus, you can also see an amortization schedule of a loan which
will show you how much of your payment goes towards the principal and how much
towards interest. This loan calculator should be used only as an estimation as
it doesn't allow for taxes and insurance.
DISCLAIMER: The figures above are based upon conventional program guidelines.
Other loan programs are available. Calculations by this tool are believed to be
accurate, yet are not guaranteed. Further review is necessary to obtain an exact
qualification. If you have less than 20% equity in your home, a monthly mortgage
insurance payment may be required.