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Loan Amortization Calculator
This free online amortization calculator lets you compare various frequency payment options, including bi-monthly, monthly, and bi-weekly payments. This calculator is great for car and mortgage loan amortization. The calculator is easily printed using the print button below. The amortization schedule shows up to 12 payment periods, beginning with the first number chosen in the No. column.
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Term of Loan: Mortgage loans usually have 15 or 30-year terms. Auto loans are usually between 2 and 5 years. For a 6-month term, enter 0.5.
First Payment Date: Assumes that the first payment date is at the end of the first period.
Payment (per period): This is the amount that you would pay by the due date each period. Although the payment is rounded, this calculator does not account for rounding, so the balance may be off by a few cents or dollars.
Total Interest: This is the total amount of interest that you would pay, assuming that you make all of your regular payments.
What does the "Comparison of Payment Frequency Options" show? This table lets you compare the payments, and more importantly, the total amount that you would pay, without having to manually keep changing the payment frequency in the amortization calculator. The point is that making more frequent payments usually results in a lower total paid. By the way, bi-weekly payments are usually only allowed when using direct deposit.
Note: This amortization calculator is meant for educational purposes only. Please consult your financial advisor or lending institution before making any final financial decisions.
Registered Office: Tamanna
Realtors Pvt. Ltd.
901 Shakuntla Apartments , New Delhi -110019 INDIA
Ph: +91 11 46706666
Website :www.assetventures.in
BranchOffice : Tamanna Realtors Pvt. Ltd.
B 103 Chitranjan Park First Floor New
Delhi 110019
Ph: +91 11 46706666
Tamanna Realtors Pvt. Ltd.
413 International Trade Tower Nehru lace New Delhi 19
Ph: +91 11 46539337/8/9/40
Email:
contacts@indiaproperties4u.com
Services We Offer
- Property Management For NRI and Indians
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