Now you can read more about amortization and amortization schedule by clicking the links. We have uploaded these pdf files files to make it easier to understand the process of loan amortization, an how you can earn from it.

Soon we will update our website also!

Don’t forget to check out the difference between a 30-year mortgage and a 15-year mortgage amortization.

From now on you will be able to select a starting date for your loan. The amortization table will be calculated from this date.

Of course this is the starting date of your loan, so the first payment will be this date plus the pay periodicity.

For any suggestions, please feel free to contact us!

We have uploaded a pdf file to our website, which explains the process of loan amortization. Please review it, and tell us what you think about it.

The file is amortization.pdf and it’s not yet linked from our site.

Bye!

Feel free to download it, install it and try it.

For further information, please visit the amortization schedule website.

The plugin is not yet available at the WordPress.org plugins directory, but will be shortly. Until then You can get the loan calculator plugin from our site.

The widget itself is a javascript based calculator, so no page reloads are required for the results. The empty fields will be populated with default values. Hope that You’ll enjoy using our mortgage loan calculator.

If You own a house, probably You are already kinda familiar with the amortization expression, because the majority of homes are paid off with a mortgage loan. But do You really know what is an amortizing loan and what is amortization schedule?

If we stick to the definition of amortization:

It is the process of paying off a loan through a systemic payment plan (e.g.: monthly payments) until it is completely paid off. These loans have regular installments and must be paid within a certain period (usually 10 to 30 years). The structure of each payment is what makes an amortizing loan different from other loans.

Each of these equal payments consists of two portions. The first one is principal and this goes toward the actual cost of the assets (the borrowed amount) and the other portion is interest which is the loan fee. Interest is always calculated on the currently owed money and because of this as time goes by it will always be a smaller and smaller amount.

The first several years You’ll be paying much more toward interest, while at the end of Your payments the bigger portion of Your monthly payments will go toward principal. This is how an amortizing loan works.

This is the process of amortization.

The amortization schedule:

The schedule of the amortizing loan shows every periodic payment amount split into interest and principal until Your loan is totally paid off. The remaining amount of Your loan is also shown after each payment. The best way to find out You loan’s amortization table is to use an online amortization schedule calculator.

This loan amortization calculator allows You to view You mortgage amortization schedule (also called as amortization chart or amortization table). The amortization schedule splits the periodic payments into interest and principal, so You can view how much interest and principal You paying with each (monthly) payment. Just fill in the loan amount, the annual interest rate, the length of Your mortgage and the payment periodicity.

So go ahead and check out Your amortization schedule now!

You can use this financial tool to calculate Your monthly payment and view Your loan amortization schedule directly from Your browser.

Please visit http://www.amortization-schedule.info/amortization-calculator-plugin to install Your personal loan calculator! You have all the instructions on this site, but we’ll have a detailed description of the calculator plug-in in another post very soon.

In case You are using an outdated browser (minimum requirement is Firefox v2.0 and above), You’ll have to update it in order to use the mortgage calculator plug-in.

As for now only Mozilla Firefox is supported. You can download the browser from here.

Thank You!

Amortization Schedule Team

The Firefox plug-in development is almost done, we are testing it, and will release next week. Stay tuned!

Thank You for the letters, with Your kind words. We published a few ‘testimonials’ on our site. If You have any question regarding our calculator, contact us, because we are working on a Frequently Asked Questions section. Till now we have about 10-15 most asked questions, but it will be updated from time to time.

That’s almost everything, whats happening now. We will be back next week!

Bye!

Our main goal is to create a simple amortization calculator search extension. You’ll just have to enter the desired values like the loan amount, the interest int percent, the length of Your desired loan and Your payment option. You’ll be able to choose from weekly payment, bi-weekly payment, monthly payment, bi-monthly payment, quarterly payment, semi-annual and annual payment option.

The whole search phrase will look like this “175000,5.75,30,monthly” for a $175000 mortgage loan, 5.75% interest payed monthly for 30 years. Pretty simple, isn’t it?

So don’t forget to check out our blog or our amortization schedule website for updates, because the release of this plug-in is going to happen very soon. If it is more convenient for You, follow us on Twitter under the name “amortizations”.

The financial tool extension plug-in will be also available on Firefox’s website for download.

The Amortization Schedule team.

Feel free to post Your comments here and suggest us some new features. Your feedback is more than welcome!

Oh, yes! Don’t forget to bookmark our amortization schedule calculator website!