Mortgage calculator

The "mortgage payment schedule" simulation calculates the payment required to amortize a mortgage loan and prepares a repayment schedule of principal and interest. It also determines an effective rate of interest.

You can display either a blended mortgage payment schedule that displays principal and interest together. Or, you can display a mortgage payment schedule that shows principal and compounding of interest separately. In this method, payments go toward the principal amount and accrued interest is added to the principal at the compounding periods only.

This simulation allows you to display a mortgage payment schedule for any year within your amortization period.