Loan Amortization Schedule

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Amortization schedule - An amortization schedule is a table detailing each periodic payment on a loan (typically a mortgage), as generated by an amortization calculator. Amortization schedules are calculated so that each periodic payment for the entirety of the loan is equal, making the repayment process somewhat simpler under amortization than with other models.

Amortization (business) - Amortization is the distribution of a single lump-sum cash flow into many smaller cash flow installments, as determined by an amortization schedule. Unlike other repayment models, each repayment installment consists of both principal and interest.

Amortization calculator - An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.

Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage.

Suggested Web Sites

Loan Amortizer - Loan software applications specialized in loan amortization and payment schedule preparation. [Win 95/98/2000/ME/NT]

FinderEdge Software - Offers a schedule amortization calculator for loan, bond, insurance, mortgage amortization tables, and Canadian mortgage amortization schedules.

Execamort - Loan Amortizer Plus - Calculate APRs that comply with U.S. Regulation Z, Appendix J. Print out an amortization schedule with irregular payment dates and irregular payment amounts. Download demo, contact information, and support.

Source: BazSites.com

Web Links

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Excel Loan Amortization Schedule - Excel Loan Amortization Schedule Construction Planning and Scheduling by Jimmie W. Hinze, This book provides full coverage of the fundamentals ...