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- 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.

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**.

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**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?

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**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.

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**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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** Please tell me how can I make this better.**

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