#Loan #amortization #schedule
Loan amortization schedule
Loan Amortization Calculator
Simply input details about your loan such as the interest rate, amount borrowed, any down payment and the loan term. The calculator will the calculate details of your loan such as the required payment amount and a number of graphs showing financial details of your loan through time.
You can also see a graph of the principal and interest components of you regular payments through time. You can see very clearly here what we were talking about above where initially, your payments are paying a large interest component and a smaller principal component while this situation reverses as the loan matures and your remaining principal decreases.
The calculator can also produce an amortization schedule of you loans payments by clicking the “Create Amortization Schedule” button. This table is produced in a separate window to allow easy printing of the amortization schedule.
Understand the Role of this Calculator
Please understand that it is not possible for a calculator such as this to take account of all the financial factors that may affect the costs associated with you loan. For example, different countries may have different tax implications and there may be various fees associated with different loans.
As such, the calculator should only be used to get an initial idea of the costs associated with a loan rather than being used as financial advice. For proper financial advice, you should consult a financial professional who can look at your situation and the specific details of your loan in more detail.