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Amortization calculator

An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.

The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

An amortization calculator can also reveal the exact dollar amount that goes towards interest and the exact dollar amount that goes towards principal out of each individual payment. The amortization schedule is a table delineating these figures across the duration of the loan in chronological order.

see also ROI - Return on Investment - Rate of return Hyperbolic discounting Ordinary Annuity Equivalent annual cost Present value of a future sum newest formulas Acceleration Calculating a weighted average Pregnancy Date Calculator Fill the yellow fields to see the result in the green fields!   A B C D 1 amount of principal P    Dollar    2 periodic interest rate i    %    3 total number of payments n    years    4         5 periodic payment amount A    Dollar / year    © formularium.org was this helpful ? Charts: change P : X=B1 / Y=B5 / X from: to: change i : X=B2 / Y=B5 / X from: to: change n : X=B3 / Y=B5 / X from: to: see also: http://en.wikipedia.org/wiki/Amortization_calculator link: http://formularium.org?go=60 (use this link to publish this page) Export:  Excel-Export Script: <script src="http://formularium.org/js.php?go=60"></script> (use this script to include this spreadsheet onto your own webpageExport)   (source: Amortization calculator. (2006, November 4). In Wikipedia, The Free Encyclopedia. Retrieved 20:07, November 13, 2006, from http://en.wikipedia.org/w/index.php?title=Amortization_calculator&oldid=85647544) did you know that you can integrate any formula into your own homepage? try it! insert this code into your page: <script src="http://formularium.org/js.php?go=60"></script>