Amortization Calculator|Get Schedule, Table and Chart

Amortization Calculator|Get Schedule, Table and Chart

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Our Amortization Schedule Calculator gives you a full amortization schedule & chart. Calculate your payment rate on interest and principal, and determine what your payments will be over time.

Using an amortization calculator is helpful when you are shopping for a new mortgage or if you want to refinance. This mortgage calculator makes it simple and easy to get a full amortization schedule in a chart or table format.

Here's how our amortization calculator can help you find the right mortgage.

Amortization Calculator


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How to use the Amortization calculator

Monthly principal and interest (P&I) payment: Enter the amount you want to borrow, the interest rate, and the repayment period. The amortization calculator displays how much your P&I installment will be based on the information provided. This assists in determining how much you can afford to borrow at prevailing interest rates. As a reminder, payment amounts shown by the calculator do not include amounts needed for payment of property taxes, hazard insurance and mortgage insurance.

Affordable payments: You can determine payment amounts using various loan amounts and interest rates. By comparing loan amounts, terms, and interest rates, you can determine how much you can afford to borrow.

Learn how much you'll pay during the life of your mortgage loan: The amortization calculator provides the dollar total amount of P&I payments made during the full term of the loan. If you want to pay off your mortgage sooner, you can adjust the term accordingly to see how much you would need to pay each month.

Benefits of a shorter repayment term: If paying off your mortgage is a priority, refinancing from a 30-year mortgage to a 15-year mortgage can help you save a lot of money. Use the calculator to see how much you can save by selecting a shorter repayment period.

  • As an example, if you borrow $200,000 at 5.25% for 30 years, you'll repay approximately $397,586.67. This includes interest of $197,586.67, which almost amounts to repaying your mortgage twice!
  • If you refinance for 15 years for the same loan amount and interest rate, your P&I payment would be $1607.76, and you would repay about $289,395.98 over 15 years. You could potentially save $108,190.69 in interest payments compared to a 30-year mortgage. And savings on a 15-year loan will probably be more, as interest rates are typically .25% to .50% lower.

Using an amortization calculator can help you identify mortgage terms that best meet your needs and ability to pay. Once these have been identified, be sure and compare lenders to ensure that you are doing your homework and researching to get the best loan rates available to you.

103 Responses to "Amortization Calculator|Get Schedule, Table and Chart"
  1. Andre 09, Apr, 2008

    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.

  2. shelby 09, Apr, 2008

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

  3. Buffy Berryhill 02, Apr, 2008

    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).

  4. Joyce 29, Mar, 2008

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

  5. marty 04, Mar, 2008

    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!

  6. Mindy 02, Mar, 2008

    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.

  7. kathi 25, Feb, 2008

    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!

  8. Jean 18, Feb, 2008

    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".


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