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Amortization Table

Amortization is the process of repaying loan in equal installments over a period of time. Normal desk calculators cannot be used to calculate the amortization installment as the payment includes the principle amount and the interest. The amortization calculator developed by Mortgage Mantra gives you the option of looking at an amortization table, which is also known as an amortization schedule. The amortization table shows how much internet and how much principle is included in each monthly payment, from the first to the last.

Mortgage Mantra includes a loan balance table or an amortization table in the Mantra Extras section that allows users including realtors and lenders to quickly determine payments and loan balances for loan amounts upto $ 1 Million for loan terms from 1 - 30 years.