For example, if you wanted to add $50 to every monthly payment, you could use the formula above to calculate a new amortization schedule and see how much sooner you would pay off your loan and how ...

To calculate the amortization schedule and determine the loan repayment schedule, fill in the boxes given below and click 'Show Amortization Table'. The monthly amortization schedule will be displayed ...

Ask the lender if interest is assessed using the simple interest formula or an amortization schedule. Then, use the ...