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Loan and Mortgage Calculators
use mathematical functions that are not available on ordinary
four function calculators but are very easy for the computer.
This makes it difficult for most people to do these calculations
for their own loans.
The following calculators will perform all the calculations
normally required for managing and planning your financial needs
regarding mortgages and loans.
Calculate
Loan Payment Amount
Calculate the periodic payment amount required to pay off a
mortgage or other loan with the tCalculate the loan balance after the specified payment has been
paid. Given the Amount, term, rate, payment amount, and number
of payments, what will the balance be. For example: What is the
balance of a 30 year mortgage after 288 payments have been paid?
( Assumes all loan payments are made on time. )
Calculate Interest Paid on Loana>
Calculate the interest paid on a loan during a specific time
period. Given the Amount, term, rate, payment amount, number of
payments, first payment in the period, last payment in the
period, what will be the interest paid during the period
including the first payment, the last payment, and all
intervening periods. For example: What is the amount of interest
expected to be paid during years seven to nine of a 30 year
mortgage? ( Assumes all mortgage payments are made on time. )
Calculate the balloon payment amount. If I buy a home with a payment amount
based on a thirty year amortization schedule but with a balloon payment at the
end of ten years, what will the final payment amount be?
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