Amortization Calculator Get a Free Mortgage Quote from a Mortgage Professional

Amortization is the gradual elimination of a liability, such as a mortgage, over a specified period of time. As you pay off a loan the principal gradually decreases. An amortization table gives you a view of how your monthly payment is applied to interest and principal through the life of the loan. To get an amortization table for one of your loans, enter your loan amount, the interest rate you pay and the number of payments in the calculator below.
Enter the total amount, in dollars, that you intend to borrow/finance.
% Enter the stated yearly interest rate on the loan, for example, 7.5.
Enter the term of the loan in
% As you may know, interest on home loans is generally tax deductible. If you would like the program to calculate your annual tax savings based on the interest paid, enter your marginal federal tax bracket.
Federal Income Tax Bracket:
1999 Income Tax Brackets and Rates
(for returns due in April 2000)
Single Married filing jointly Federal tax rate
$0-$25,750 $0-$43,050 15%
$25,751-$62,450 $43,051-$104,050 28%
$62,451-$130,250 $104,051-$158,550 31%
$130,251-$283,150 $158,551-$283,150 36%
Over $283,150 Over $283,150 39.6%
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