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# Calculators :: Financial :: Amortization Calculator

Amortization is a repayment of a loan in an equal periodic payments.

This amortization calculator lets you estimate your monthly loan repayments. The calculator will generate a detailed explanation on how to create an amortization payment schedule for input loan terms. Click here to view some problem which can be solved by using this calculator.

## Amortization Schedule Calculator

Select variable you want to find and enter known variables. The calculator will find unknown variable and it will generate an explanation on how the calculation is done.

Show me the solution without an explanation

## Amortization Problems

This is a list of the example problems which can be solved by using this calculator.

Example 1: What is the monthly payment on a mortgage of \$12000 with annual interest rate of 5.5% that runs for 10 years.  Set up the form View the solution Example 2: If a mortgage is amortized over 10 months at an interest rate of 7% and monthly payments of$25.3, what is the original value of the mortgage?

 Set up the form View the solution

Example 3: You want to take out a mortgage for \$50000 with monthly payments at 4.5%, and you can afford \$550 per month payments. How long would you have to make payments to pay off the mortgage.

 Set up the form View the solution

Example 4: What is the interest rate on a mortgage of \$23000 with an \$350 monthly payments that runs for 10 years.

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