Amortization Table Calculator

Instructions:

This calculator calculates the amortization schedule for either an interest only or a principal & interest mortgage. It’s use is pretty self explanatory, but just in case…

1. In the Mortgage Amount field, enter the total mortgage amount, or starting balance.
2. In the Interest Rate field, enter the yearly interest rate. For instance, if your interest rate is 6.5%, enter 6.5 in the Interest Rate field.
3. In the Term field, enter the number of years of your mortgage. For instance, if you have a 30-year loan, enter 30.
4. Finally, select whether your mortgage is Interest Only, or Principal and Interest.
5. Click the Submit button.
6. Watch the magic happen.