Amortization is a means of paying off the principal loan sum
plus interest over a fixed period of time, so that by the end of the term, the
principal is eliminated. The Amortization Calculator will help you determine
what your payments will be over time.
It's helpful to have a 25 year option for the repayment period.
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.
Howard
2007-05-05 21:24:00
just making a comparison
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.
dean
2007-05-10 07:21:00
handy site easy to use
prees
2007-05-11 05:10:00
Very good calculator--have used it a lot with good results.
Rose Mullins
2007-05-11 17:06:00
great!
marills
2007-05-15 13:59:00
Thank you! Very, very helpful!
wayne
2007-05-15 19:32:00
calulating mortgage to buy a home.
Melissa
2007-05-19 19:32:00
It is helpful to have a 10 year option also.
Kim
2007-05-25 10:45:00
Thanks!
Martha
2007-06-08 05:39:00
Great site and very easy to use. Thanks.
JohnK
2007-06-08 06:51:00
Can the currency symbol be changed?
Excellent utility!
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.
Shane
2007-06-15 16:47:00
Great little calculator.
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.
Darryl
2007-06-27 15:37:00
Excellent Calc Site!
Thomas K
2007-06-28 12:47:00
Making a comparison to buying a new home versus upgrading existing home
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.
Fred
2007-07-10 08:03:00
Very helpful, thanks
dre
2007-07-12 07:09:00
This is good
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)
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.
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
suma
2007-08-21 15:38:00
thank U
tom
2007-09-05 04:30:00
the 25 year option is important for commercial
sammy
2007-10-07 11:15:00
you're great thanks
hannah
2007-10-07 18:58:00
Thank You
mb
2007-09-24 11:30:00
thanks
jack
2007-10-04 20:10:00
this is the information
kfc
2007-10-18 07:58:00
not helpful to me
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?
Bob Menth
2007-10-29 10:25:00
Thanks
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.
Rodney
2007-12-11 14:07:00
An amazing tool that is a must when shopping for a loan.
Teresa
2007-12-22 11:41:00
comparing loans Thanks for the site!
al
2007-12-24 19:22:00
Thanks
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!
jim
2008-01-07 23:36:00
amorization
gina
2008-01-12 08:59:00
great calculator
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
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.
Travis
2008-01-24 18:08:00
Great Calculator
Jessica
2008-01-25 05:43:00
we are using this in school. it is very helpful
Richard Alex
2008-01-26 09:44:00
Fast and GREAT.
Thank you
Tess
2008-01-26 14:45:00
I am trying to figure out how long it will take me to pay off the the remaining balance of 102,000, 6% current payment 775.00 per month if I pay an additional $500 permonth towards my loan. I guess I am obtuse but I cant seem to get it
susan
2008-01-26 14:47:00
thanks
Don Schmidt
2008-01-28 10:32:00
Great site easy to use.
james
2008-02-05 18:50:00
is there a amortization calculator that allows a change 5 years into a 15 year loan. I want to be able to add more to the principle and look at an amortization schedule.5a
EDITOR'S REPLY: You can use the Early Payment Calculator.
Reference: http://www.calculators4mortgages.com/calculators/loan/prepay.html.
It will help, though we don't provide a full amortization schedule. Enter the current term of 15 years and indicate that you are 60 months into the loan. This gives you a natural "new term" of 10 (years). Enter 9 as the new term to determine how much extra you'd need to pay every month to pay off the loan 1 year early. Or enter 6 to see how to pay off the loan four years early, etc.
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".
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!
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.
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!
Comments
Erik Jones
2007-04-29 07:47:00
It's helpful to have a 25 year option for the repayment period.
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.
Howard
2007-05-05 21:24:00
just making a comparison
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.
dean
2007-05-10 07:21:00
handy site easy to use
prees
2007-05-11 05:10:00
Very good calculator--have used it a lot with good results.
Rose Mullins
2007-05-11 17:06:00
great!
marills
2007-05-15 13:59:00
Thank you! Very, very helpful!
wayne
2007-05-15 19:32:00
calulating mortgage to buy a home.
Melissa
2007-05-19 19:32:00
It is helpful to have a 10 year option also.
Kim
2007-05-25 10:45:00
Thanks!
Martha
2007-06-08 05:39:00
Great site and very easy to use. Thanks.
JohnK
2007-06-08 06:51:00
Can the currency symbol be changed? Excellent utility!
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.
Shane
2007-06-15 16:47:00
Great little calculator.
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.
Darryl
2007-06-27 15:37:00
Excellent Calc Site!
Thomas K
2007-06-28 12:47:00
Making a comparison to buying a new home versus upgrading existing home
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.
Fred
2007-07-10 08:03:00
Very helpful, thanks
dre
2007-07-12 07:09:00
This is good
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)
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.
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
suma
2007-08-21 15:38:00
thank U
tom
2007-09-05 04:30:00
the 25 year option is important for commercial
sammy
2007-10-07 11:15:00
you're great thanks
hannah
2007-10-07 18:58:00
Thank You
mb
2007-09-24 11:30:00
thanks
jack
2007-10-04 20:10:00
this is the information
kfc
2007-10-18 07:58:00
not helpful to me
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?
Bob Menth
2007-10-29 10:25:00
Thanks
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.
Rodney
2007-12-11 14:07:00
An amazing tool that is a must when shopping for a loan.
Teresa
2007-12-22 11:41:00
comparing loans Thanks for the site!
al
2007-12-24 19:22:00
Thanks
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!
jim
2008-01-07 23:36:00
amorization
gina
2008-01-12 08:59:00
great calculator
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
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.
Travis
2008-01-24 18:08:00
Great Calculator
Jessica
2008-01-25 05:43:00
we are using this in school. it is very helpful
Richard Alex
2008-01-26 09:44:00
Fast and GREAT. Thank you
Tess
2008-01-26 14:45:00
I am trying to figure out how long it will take me to pay off the the remaining balance of 102,000, 6% current payment 775.00 per month if I pay an additional $500 permonth towards my loan. I guess I am obtuse but I cant seem to get it
susan
2008-01-26 14:47:00
thanks
Don Schmidt
2008-01-28 10:32:00
Great site easy to use.
james
2008-02-05 18:50:00
is there a amortization calculator that allows a change 5 years into a 15 year loan. I want to be able to add more to the principle and look at an amortization schedule.5a EDITOR'S REPLY: You can use the Early Payment Calculator. Reference: http://www.calculators4mortgages.com/calculators/loan/prepay.html. It will help, though we don't provide a full amortization schedule. Enter the current term of 15 years and indicate that you are 60 months into the loan. This gives you a natural "new term" of 10 (years). Enter 9 as the new term to determine how much extra you'd need to pay every month to pay off the loan 1 year early. Or enter 6 to see how to pay off the loan four years early, etc.
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".
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!
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.
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!