PDF documents added

Posted on November 10, 2009. Filed under: Amortization Schedule Tutorial | Tags: , , , , , , |

Just a short update:

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.

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Amortization

Posted on May 4, 2009. Filed under: Amortization Schedule Tutorial | Tags: , , , , , , , |

So what is loan amortization?

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!

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Firefox Loan Amortization Schedule Calculator Plug In

Posted on May 3, 2009. Filed under: Amortization Schedule Plugin | Tags: , , , , , |

We are more than happy to announce that the amortization plug-in for Mozilla Firefox is released and ready to use!

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

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Amortization-Schedule.info

Posted on April 22, 2009. Filed under: Amortization Schedule | Tags: , , |

We are proud to announce our new Amortization Schedule blog! Here You will be able to read about our site’s improvements including the calculator and the Firefox search plug-in. Also we have a category for the amortization schedule term.

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!

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