What does a mortgage amortization calculator do?

What does a mortgage amortization calculator do?
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Answer :

The mortgage amortization calculator is for working out your monthly mortgage payments. It will also calculate into the equation when and if you make extra monthly payments on your mortgage. So it will help you keep track of your mortgage and let you know how things stand.
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Related questions

Can I download an app for an Amortization mortgage calculator?

Description : Can I download an app for an Amortization mortgage calculator?

Last Answer : Yes, you can get an app for your iPhone for an amortization mortgage calculator at the following site...iTunes.apple.com/us/app/mortgage-calculator-extra/id396886949?.

Does a mortgage amortization table show me interest paid?

Description : Does a mortgage amortization table show me interest paid?

Last Answer : Yes, most mortgage amortization tables will show you both the principal paid and the interest paid over every year of the life of the loan. There are many free amortization calculators online, including one at http://www.myamortizationchart.com.

Where can I find a tool to create a detailed amortization schedule for my student loans and mortgage?

Description : Where can I find a tool to create a detailed amortization schedule for my student loans and mortgage?

Last Answer : If you are looking for an a tool to create an amortization schedule, you can find them on numerous websites. They can be found at websites such Mackenzie financial and amortization-schedule.

How can I do a mortgage amortization?

Description : How can I do a mortgage amortization?

Last Answer : You can find legitimate information about mortgage amortization at the following websites...cdrates.bankaholic.com/cd-interest-rate-calculator/ or banking.about.com Money Banking / Loans Mortgages

How much finance is required to complete the mortgage amortization?

Description : How much finance is required to complete the mortgage amortization?

Last Answer : The amount that is amortized depends on the amount of the down payment and the interest percentage rate. It will vary with those and other factors. A good banker will be able to help calculate the exact figures with you.

What is an amortization calculator?

Description : What is an amortization calculator?

Last Answer : An amortization calculator helps you to figure out what your mortgage payments will be each month and what would happen if you were to pay over what your monthly payment is. Find more here: http://www.bankrate.com/calculators/mortgages/amortization-calculator.aspx

Reverse Mortgage Calculator?

Description : Reverse Mortgage Calculator?

Last Answer : Reverse Mortgage CalculatorUse this calculator to help determine the balance of a reversemortgage. This calculator is specifically designed to show you howthe outstanding balance of a reverse mortgage can rapidly grow overa period of time.

FHA Mortgage Loan Calculator?

Description : FHA Mortgage Loan Calculator?

Last Answer : FHA Mortgage Loan CalculatorUse this calculator to determine the maximum FHA mortgage that would be allowed for your home purchase and an estimate of your required downpayment and closing costs. This ... . Then use the calculator below to determine the required downpayment and FHA mortgage limit.-

Mortgage Points Calculator?

Description : Mortgage Points Calculator?

Last Answer : Mortgage Points CalculatorShould you buy points? Buying points when you close yourmortgage can reduce its interest rate, which in turn reduces yourmonthly payment. But each "point" will cost you 1% ... money to increase your down payment. Click onthe "View Report" button to review your information.

Mortgage Loan Calculator?

Description : Mortgage Loan Calculator?

Last Answer : Mortgage Loan CalculatorUse this calculator to generate an estimated amortizationschedule for your current mortgage. Quickly see how much interestyou could pay and your estimated principal balances. You ... prepayments! Press the "ViewReport" button for a full yearly or monthly amortizationschedule.

Blended Rate Mortgage Calculator?

Description : Blended Rate Mortgage Calculator?

Last Answer : Blended Rate Mortgage CalculatorThe high price of homes has many buyers trying to get 100% ornear 100% financing. One option is to acquire two mortgages. Thiscalculator helps you determine the effective, or ... would pay if you use a first and a second mortgage tofinance the purchase of your home.

Mortgage APR Calculator?

Description : Mortgage APR Calculator?

Last Answer : Mortgage APR CalculatorUse this calculator to determine the Annual Percentage Rate(APR) for your mortgage. Press the report button for a fullamortization schedule, either by year or by month.

How to Use a Mortgage Calculator to Estimate Your Monthly Payment?

Description : How to Use a Mortgage Calculator to Estimate Your Monthly Payment?

Last Answer : If you are house shopping, you may be wondering how much you will be paying in monthly mortgage payments. You can find estimated monthly through online mortgage calculators. There are many sites with ... your loan rate yet, you can estimate it by searching for current mortgage rates.Now you are

What is a simple mortgage calculator?

Description : What is a simple mortgage calculator?

Last Answer : A simple mortgage calculator is a tool used to calculate mortgage payments. It simplifies the compound interest process to give users a single payment number.

Where online can I use a mortgage affordability calculator?

Description : Where online can I use a mortgage affordability calculator?

Last Answer : A good comparison web page could give u a list of mortgage calculators you could use. All you would have to do is enter your financial information into the correct information boxes and it will calculate the rest for you.

Where can I find a free online mortgage payment calculator?

Description : Where can I find a free online mortgage payment calculator?

Last Answer : There is online calculator you can work on to make sure the mortgage payment you are afford to pay, or you can go to the bank, they probably figure it out for you as well, here is the site: www.mortgagecalculator.org/

Why use a mortgage payment calculator?

Description : Why use a mortgage payment calculator?

Last Answer : Mortgage payment calculators can be a good foundation if you just need to know some of the basics. There are a wide array of costs that can be associated with your mortgage that won't show while you ... won't show up on a vast majority of calculators, as well as the ever important escrow fees.

Where can I find a monthly payment calculator for a mortgage?

Description : Where can I find a monthly payment calculator for a mortgage?

Last Answer : Mortgage payment calculators are available on the web. Calculating the period of the mortgage in years against interest it will describe the term and total of repayments. It will also calculate overpayments

Where can I find a good mortgage qualification calculator?

Description : Where can I find a good mortgage qualification calculator?

Last Answer : If you are looking to determine the value of a mortgage you will qualify for, in order to shop for the house that will work for you, please take a look at this site: www.cmhc-schl.gc.ca/en/co/buho/buho_005.cfm

What is a mortgage repayment calculator?

Description : What is a mortgage repayment calculator?

Last Answer : A mortgage repayment calculator is a tool that calculates the monthly payment of a home loan. This includes both principal and interest payments, as well as any other fees that may be included in the loan. You can calculate your mortgage repayments in a few minutes for free at royalproperty.ca

How to Use a Mortgage Payment Calculator?

Description : How to Use a Mortgage Payment Calculator?

Last Answer : When you're in the market for a new home, figuring out how much you can afford is essential. Instead of taking the time to go to the bank and find out how much a mortgage payment would be, you can ... made the proper calculations, you can get a realistic idea of what it will cost to buy a new home.

Will a mortgage calculator help you determine your mortgage payment?

Description : Will a mortgage calculator help you determine your mortgage payment?

Last Answer : A mortgage calculator will definitely help you determine your mortgage payment. The calculator will help you decide what mortgage is right for you by allowing you to see what types are out there and the current interest rate.

What is a mortgage payment calculator?

Description : What is a mortgage payment calculator?

Last Answer : A mortgage payment calculator will calculate your monthly mortgage payments. You can find a full list of helpful information at: www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx

Can I use a monthly payment calculator to find out how long it will take to pay off my mortgage?

Description : Can I use a monthly payment calculator to find out how long it will take to pay off my mortgage?

Last Answer : A house is the largest purchase most of us will ever make so it's important to calculate what your payment will be and how much you can afford. The mortgage calculator will show you how much your ... effect of adding extra payments. Watch our "How To" video on how to use the mortgage calculator.

Mortgage Calculator?

Description : Mortgage Calculator?

Last Answer : To find a good mortgage calculator you could go to sites like, www.mortgagecalculator.org or www.mortgage-calc.com, I think they work very well, otherwise you could go to Google.com and search Mortgage calculator for some very trustworthy sites. Good luck!

What does an amortization table show me?

Description : What does an amortization table show me?

Last Answer : An amortization table is a report of all pertinent information regarding a loan including the terms of the loan and a list of each calculated loan payment. Each loan payment entry could show:the ... of interest in this payment)portion of payment that reduces the principal for the next payment entry

The Importance of an Amortization Schedule?

Description : The Importance of an Amortization Schedule?

Last Answer : An amortization schedule is a loan payment plan based on thedifference between the interest you owe and the principle you oweon a large ticket item. Amortization schedules are usually ... properly calculatedamortization schedule, you will be able to plan your entire paymentseries from the d

How do I calculate the loan amortization schedule?

Description : How do I calculate the loan amortization schedule?

Last Answer : The mortgage calculator is a great way to see how much sooner you can pay off your loan. There are a few online, and very accurate, such as the one here: http://www.amortization-calc.com/

What exactly is an auto loan amortization ?

Description : What exactly is an auto loan amortization ?

Last Answer : The term "auto loan amortization" simply refers to the payment shedule associated with an auto loan. Auto loans can be obtained at a variety of financial establishments, whilst amortization schedules for such loans are available online.

Where to download amortization schedule?

Description : Where to download amortization schedule?

Last Answer : If you are interested in using an amortization schedule, you can find them on most banking websites. To be more specific, websites such as bankrate and Bank of Canada have them available.

Which is a better loan to obtain, an Amortization Loan or a a Bullet Loan?

Description : Which is a better loan to obtain, an Amortization Loan or a a Bullet Loan?

Last Answer : Amortization Loans and Bullet Loans both have their advantages and disadvantages. If you plan to pay the loan back right a way, a Bullet Loan would be a good choice for you, however if you plan to pay the loan back over an extended time, an Amortization loan might suit you better.

Where can I find an amortization chart online?

Description : Where can I find an amortization chart online?

Last Answer : You can find an amortization calculator, which will produce a chart based on your numbers, online at http://www.myamortizationchart.com You can use this chart for free and print out your final copy if you so desire.

Reading an Amortization Table?

Description : Reading an Amortization Table?

Last Answer : Amortization tables are used to help customers who have a loan see how the loan is progressing. An amortization table is normally used for mortgages. An amortization table can help you see how ... loan you still need to pay by subtracting your monthly principal payment from last month's balance.

Amortization Schedule?

Description : Amortization Schedule?

Last Answer : When you take out a loan, you may be given an amortization schedule that tells you how long it will take to pay off your loan. This schedule should also tell you how much interest you are paying over the ... find that you couldn't afford as much house or as big of a car as you thought your could.

Do You Have To Receive An Amortization Schedule From Lenders?

Description : Do You Have To Receive An Amortization Schedule From Lenders?

Last Answer : An amortization schedule is a document that lays out how much money you are expected to pay each month on a loan. It will tell you how much interest you are paying, how much of your payment is going ... to rely on their lenders to be honest and upfront about the loan that they have just taken out.

Where can I get the amortization table?

Description : Where can I get the amortization table?

Last Answer : You may find information regarding which mortgage sites have amortization table calculator at the following websites....www.amortization-calc.com/ or www.bankrate.com/calculators/.../amortization-calculator.aspx

Where can I find a free amortization schedule?

Description : Where can I find a free amortization schedule?

Last Answer : Amortization schedule calculators can be found on-line at many financial institutions such as national banks or other lending agencies. These schedules are generally available free of charge.

How can I use Excel to make an amortization schedule?

Description : How can I use Excel to make an amortization schedule?

Last Answer : A good place to go to find out how to use Excel for loan amortization is www.tumcales.com. The tutorial is by Timothy Mayers. He explains everything and even shows a picture of the excel worksheet and how to do the loan amortization on excel.

Do lenders provide amortization schedules for free?

Description : Do lenders provide amortization schedules for free?

Last Answer : Bankrate.com offers the best free, fast, and confidential amortization schedules online for use by their users. Sign up for free at bankrate.com and you will instantly be able to use bankrate's intuitive features.

What is a car loan amortization?

Description : What is a car loan amortization?

Last Answer : Basically, Car Loan Amortization is the balance of your auto loan. It is the process of following a plan or schedule of your loans for your automobile.

Where can I find about car loan amortization?

Description : Where can I find about car loan amortization?

Last Answer : When a loan payment is made towards a loan, a part of the payment is for the interest and part of it is applied to the principal amount. This process of making equal payments to pay off a loan over its life is loan amortization.

How To Calculate Amortization Schedules?

Description : How To Calculate Amortization Schedules?

Last Answer : Amortization schedules are methods of scheduling payments, usually with interest, over an extended period of time. These schedules are easily figured using a number of calculators online or a spreadsheet program ... in which you may pay your purchases off faster than the expected length of the loan.

what is an amortization table used for?

Description : what is an amortization table used for?

Last Answer : A table that details the process of amortization. Amortization is the process of paying off a debt over a period of time in installments. As debts involve interest on top of principal, this can be confusing, and thus an amortization table is used.

What are amortization schedules?

Description : What are amortization schedules?

Last Answer : Amortization schedules are used when detailing an amortizing loan. They lay out how much and when you will pay off your debt. Specifically an amortization schedule deals with the percentage of the actual loan you will be paying off as compared to the interest per payment.

What does amortization mean? A. Spreading payments over multiple periods B. Buying a financial instrument in order to sell the same instrument at a higher price in another market C. Issuance approval,by a credit card issuer D. Buying the underlying securities at a specified excercise price E. None of the Above

Description : What does amortization mean? A. Spreading payments over multiple periods B. Buying a financial instrument in order to sell the same instrument at a higher price in another market C. Issuance approval, ... issuer D. Buying the underlying securities at a specified excercise price E. None of the Above

Last Answer : A. Spreading payments over multiple periods Explanation: Amortization is an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time.

Amortization' in respect of financial obligation of a company means the (A) Liquidation of financial obligations on instalment basis (B) Commitment of financial obligation on priority (C) Liquidation of all the obsolete equipments of the company (D) Modernisation of the plant equipments

Description : Amortization' in respect of financial obligation of a company means the (A) Liquidation of financial obligations on instalment basis (B) Commitment of financial obligation on priority (C) Liquidation of all the obsolete equipments of the company (D) Modernisation of the plant equipments

Last Answer : Option A

Amortization' in respect of financial obligation of a company means the (A) Liquidation of financial obligations on instalment basis (B) Commitment of financial obligation on priority (C) Liquidation of all the obsolete equipments of the company (D) Modernisation of the plant equipments

Description : Amortization' in respect of financial obligation of a company means the (A) Liquidation of financial obligations on instalment basis (B) Commitment of financial obligation on priority (C) Liquidation of all the obsolete equipments of the company (D) Modernisation of the plant equipments

Last Answer : Option A

A tractor shovel has a purchase price of Rs. 4.7 lacs and could save the organization an amount of rupees one lac per year on operating costs. The salvage value after the amortization period is 10% of the purchase price. The capital recovery period will be (A) 3.7 years (B) 4.23 years (C) 5 years (D) 7.87 years

Description : A tractor shovel has a purchase price of Rs. 4.7 lacs and could save the organization an amount of rupees one lac per year on operating costs. The salvage value after the amortization period is 10% of the purchase price. The ... will be (A) 3.7 years (B) 4.23 years (C) 5 years (D) 7.87 years

Last Answer : (B) 4.23 years