Amortization Calculator

This amortization calculator will generate an amortization chart or schedule. You supply the mortgage terms, and the calculator will amortize the loan for you showing the amount of principle and interest included in every mortgage payment.

Loan amortization information can be helpful in planning future tax considerations. ie, what will my tax savings be 5 years from now. You can also use the amortization calculator to determine the changes in total interest paid by shortening the length of the loan. The Amortization Chart is also a great tool in helping you determine your breakeven point in a loan.

This is also a biweekly amortization calculator

Coming soon... we will have a printable amortization chart

The free amortization schedule generated can also be used for car or auto loan amortization.

The amortization formula requires the following inputs.

• Loan Amount - this is the beginning balance on the loan.
• Interest Rate - this is the annual interest rate you will pay on the loan.
• Years - what is the length of the loan in years.
• Payments / Year - how many payments will you make per year (12 for monthly or 26 for biweekly)
• Tax Bracket - What percentage of your adjusted income is taxable?