Description
Mortgage interest is amortized so that you pay the bulk of your interest in the first years of your mortgage. If you start paying additional principal, you’ll save a lot of money in interest over the life of the loan.
Best features:
1. Calculate the payment of a mortgage or loan and its amortization table quickly and easily
2. Visualize payment, interest, balance on chart
3. Amortization table can display both annually and monthly payment
Disclaimer:
Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
User Reviews for Mortgage Payoff Calculator 1
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Mortgage Payoff Calculator is a handy tool to visualize and manage mortgage payments effectively. Great for planning your finances.