Neha Garg

2008-07-16 02:01:00

I want to know the amount of principle & interest. - - - - EDITOR'S COMMENT: No problem, Neha! On the initial results screen, the total principal and interest for the loan is displayed. "Original Loan Amount" is, of course, your principal. "Total Interest Payments" appears below that, followed by "Total Payment," which is the sum of principal and interest for the life of the loan. To see the principal and interest at any given point in the life of the loan, click on "View Amortization." Please let us know if you have any questions.

clayton

2008-06-24 05:02:00

this is great site, keep it up - - - EDITOR'S REPLY: Thanks, Clayton. Will do!

michael

2008-06-19 11:02:00

made a loan amortized and payable in 5 years. Buyer has been making payments, sometimes more, sometimes late (w/ fees) at a fixed interest. How do I figure out how much they owe after all these creative numbers? Thank you. michael.lewin@sbcglobal.net - - - EDITOR'S REPLY: For some loans, extra payments are applied directly to principal. Other loans are not so accommodating. Exactly what the lender does with extra payments will vary from loan to loan (which is yet another reason to read all paperwork carefully before borrowing). Details regarding late fees also vary from loan to loan. The buyer should receive a statement from the lender showing the principal amount remaining. Any attempt to calculate this with a formula, given the irregularity of the payments they've made, would not be very accurate.

YH

2008-06-18 11:44:00

great calculator

MIKE

2008-05-22 09:24:00

Fast & Easy!!!

Peggy

2008-05-13 06:07:00

Just running some numbers

jeanette snyder

2008-04-23 14:23:00

yeah

jeanette snyder

2008-04-23 14:22:00

I used this to help with my homework

Cynthia

2008-04-11 20:36:00

I was hoping for an actual "Amortization" break-down??, but all I got was Total of payments, & Total interest. - - - - EDITOR'S COMMENT: This feature has now been added.

André

2008-04-09 08:21:00

I need the amortization table, please. - - - - EDITOR'S COMMENT: This feature has now been added. After seeing the initial results screen, you can click "View Schedule" and the full amortization schedule will appear in a new window. Thank you for the suggestion.

shelby

2008-04-09 07:21:00

this is such a great site i use it all the time. thanks

Buffy Berryhill

2008-04-02 12:01:00

I would like to amortization schedule for bi-weekly payments. - - - EDITOR'S COMMENT: We'll put this in the development queue. If you're paid bi-weekly, it's a good idea to look into arranging bi-weekly payments schedule with your lender. Make sure to review the terms and ensure that there are no early pre-pay penalties or other fees to offset the reduction in interest you'll be paying over the life of the loan. If your lender will allow you a proper bi-weekly payment plan, you'll build pay off your principal quicker (thus building equity faster).

Joyce

2008-03-29 05:15:00

This really helped me make a decision about how many years to finance. Thanks!

marty

2008-03-04 14:16:00

thanks, It helped to figure some quick rough numbers on a possible opportunity. EDITOR'S COMMMENT: Thank you, Marty. We wish you success in your pursuit!

Mindy

2008-03-02 05:45:00

This was good to check on payments but I was looking for the Amortization per month. I would like to know what my principal balance would be each month if I pay down the principal with each payment. EDITOR'S COMMENTS: Sorry, Mindy. We offer our calculators to other websites at no charge, and so we've standardized each of our calculators to the same small, consistent size. Unfortunately, we can't fit a full amortization schedule in there. So, this is something we may offer in the future, but it's not something we're working on at present.

kathi

2008-02-25 12:35:00

Can you modify site to also include payment amount - then a person could plug in 3 lines and it would compute and tell you the 4th (or missing one)? Example: If I had the loan amount, interest rate and payment amount, it would calculate the repayment period. EDITOR'S COMMENTS: Great suggestion. We'll take a look at this idea in more detail. We want the calculators to be very easy to use with little to no instruction. In this case, people might naturally think they need to fill in all four fields. But I think there is value in helping people determine either the payment amount OR the repayment period, as you have suggested. We'll explore ways to accommodate that. Thank you for sharing!

Jean

2008-02-18 04:29:00

I am interested in seeing an amortization schedule on a car loan. EDITOR'S REPLY: Good suggestion - but we've devoted this site to mortgage calculators only. Try www.autosite.com (no affiliation). You should find a link to their car loan calculator toward the bottom of their home page under "Car Financing".

Don Schmidt

2008-01-28 10:32:00

Great site easy to use.

susan

2008-01-26 14:47:00

thanks

Richard Alex

2008-01-26 09:44:00

Fast and GREAT. Thank you

Jessica

2008-01-25 05:43:00

we are using this in school. it is very helpful

Travis

2008-01-24 18:08:00

Great Calculator

Dave C

2008-01-20 20:20:00

Is it possible to enter the number of months you want to pay and see how much your payment each month would be based upon a principal and an Interest rate? EDITOR'S REPLY: You can do this by adjusting the repayment period. Just convert your months to years. For example, 42 months should be entered as 3.5 years.

Charlie

2008-01-14 16:23:00

Its so nice to find someones site that says FREE and really is. And that works as it should. Thank you very much. Charlie

gina

2008-01-12 08:59:00

great calculator

jim

2008-01-07 23:36:00

amorization

Zero Energy Homes

2008-01-07 15:26:00

Thanks! We use this calculator to show the savings our Zero Energy Lifestyle homes can provide for our buyers every month! Go green!

al

2007-12-24 19:22:00

Thanks

Teresa

2007-12-22 11:41:00

comparing loans Thanks for the site!

Rodney

2007-12-11 14:07:00

An amazing tool that is a must when shopping for a loan.

Matt P

2007-12-07 05:38:00

Thanks!

Matt P

2007-12-07 05:36:00

Thanks!

Gerald

2007-12-04 13:09:00

Thank you SO MUCH!!! I was getting tired of being solicited for a home loan at every FREE SITE I went to. This is exactly the information I needed.

Don in Bethesda

2007-12-04 12:14:00

Very helpful...I used it to help decide that I can, in fact, afford the second home I want to buy. - - - - EDITOR'S COMMENT: Glad to hear it!!

terry

2007-11-28 22:51:00

What I really wanted was to calculate and print out schedule but with my putting in the monthly payment amount and have the time run as it will. - - - - EDITOR'S COMMENTS: No problem! Start by using the Affordability Calculator. Play with that until you find the loan term (repayment period) that will produce in the calculator results the loan amount of the loan you are seeking. This will be the quickest way to determine the total amount of time it will take to repay a loan of your size with your pre-determined monthly payment amount. Once you've done that, simply type that data into the Amortization Calculator to produce the schedule you're looking for. I think you'll find this method of approaching your issue to be quick and efficient. Then you can use the Prequalifcation Calculator to see whether you meet the prequalification criteria for that loan amount :-)

Aubrey

2007-11-21 08:33:00

A very good tool. I use it to calculate when I will be fully paid up if I increase my payments by x amount each month.

Alan

2007-10-31 11:36:00

To be usefull you need consumer ability to calculate both momthly payment and breakdown of amounts paid each month in interest AND pricipal, along with approximate payoff amount. - - - - EDITOR'S COMMENTS: We re-engineered this calculator and it now does what you have proposed. Just click the "View Amortization" button. Thanks for the suggestion.

Bob Menth

2007-10-29 10:25:00

Thanks

mike

2007-10-22 12:23:00

can you tell me how to determine the index number that is added to the rate that generates the payment for a particular interest rate. for example: what number do I add to 6.5% to obtain the payments for a 30 year ammortized loan?

kfc

2007-10-18 07:58:00

not helpful to me

hannah

2007-10-07 18:58:00

Thank You

sammy

2007-10-07 11:15:00

you're great thanks

jack

2007-10-04 20:10:00

this is the information

mb

2007-09-24 11:30:00

thanks

mike

2007-09-15 08:35:00

where can i find the sliding scale calculator that American Morgage use to have? You simply enter loan amount, term, interest rate with a sliding scale to the left of the box. It truly is many mortgage calculators "all in one". There is no need at all to use separate fill in the box type calculators, this one tells everything you need to know.

Peggy

2007-09-10 21:25:00

Would appreciate more payment options such as 1-10 years (this is also helpful for people trying to pay off credit cards)

tom

2007-09-05 04:30:00

the 25 year option is important for commercial

suma

2007-08-21 15:38:00

thank U

bob

2007-07-30 14:25:00

great calculators, but I need a calculator that shows HOW MANY monthly payments left to payoff IF I input the current balance, amount of total P & I & extra $ monthly, and the interest rate

dre

2007-07-12 07:09:00

This is good

Fred

2007-07-10 08:03:00

Very helpful, thanks

Richard

2007-07-04 07:29:00

Would be helpful to have a bi-monthly payment option to effectively reduce the 30 year note to a 23 year note? EDITOR'S REPLY: this is a nice idea. This is now on our list of future enhancements ideas. We will consider adding a calculator, or an article, or both, to assist our visitors in understanding this principal.

Thomas K

2007-06-28 12:47:00

Making a comparison to buying a new home versus upgrading existing home

Darryl

2007-06-27 15:37:00

Excellent Calc Site!

Larry G

2007-06-27 11:56:00

I agree with the suggestion for a 10-year option. Otherwise helpful. EDITOR'S REPLY: We have now added the 10-year option. You may enter any repayment period you like. Thank you for providing your feedback.

Shane

2007-06-15 16:47:00

Great little calculator.

Page

2007-06-12 05:13:00

Need to be able to change the year, need atleast a ten year option EDITOR'S REPLY: We have now enhanced the calculator so that it allows you to specify any repayment period. You can now run the numbers on a 10 year loan.

JohnK

2007-06-08 06:51:00

Can the currency symbol be changed? Excellent utility!

Martha

2007-06-08 05:39:00

Great site and very easy to use. Thanks.

Louise

2007-06-06 14:08:00

I appreciate this calculator, thank you. We are looking for a home and with this calculator we can determine what price range homes we can look at. But when I use it as a mortgage calculator I add the property taxes and home insusrance to the amount of loan so the payment also includes escrow.

Dianne

2007-06-04 08:00:00

This is not technically an amortization calculator, since it shows only your monthly payment. A true amortization table would show which portion of your payment is principal and which is interest for each payment over the life of the loan. - - - - EDITOR'S COMMENT: You are right. This wasn't technically an amortization calculator. But it is now! We have just added an option to view the full amortization schedule. We hope you find this to be very useful. Thanks for the suggestion.

Kim

2007-05-25 10:45:00

Thanks!

rick

2007-05-24 17:20:00

I'm looking to do interest only loan...is there a calculator to figure payments for that???? - - - - EDITOR'S REPLY: Yes - there is an Interest Only Loan calculator on this site. You can navigate to it from the home page, or visit www.calculators4mortgages.com/calculators/loan/interestonly.html. It will calculate your monthly payment and then compare that with the monthly payment of a fully amortized loan.

Melissa

2007-05-19 19:32:00

It is helpful to have a 10 year option also.

wayne

2007-05-15 19:32:00

calulating mortgage to buy a home.

marills

2007-05-15 13:59:00

Thank you! Very, very helpful!

Rose Mullins

2007-05-11 17:06:00

great!

prees

2007-05-11 05:10:00

Very good calculator--have used it a lot with good results.

dean

2007-05-10 07:21:00

handy site easy to use

Howard

2007-05-05 21:24:00

just making a comparison

Jennifer Schaffer

2007-04-30 14:52:00

Is it possible to have a 25-year calculation on your calculators. EDITOR'S REPLY: Having received this request from a number of visitors, we have expanded the mortgage calculator functions. It now allows you to specify the term length of the loan to 25, or any other number of years.

Erik Jones

2007-04-29 07:47:00

It's helpful to have a 25 year option for the repayment period.