Use this calculator to generate an amortization table
Generate an amortization schedule for your current mortgage. See how much interest you will pay and your principal balances over time. With this amortization calculator you will see exactly when you really start paying of your house and are actually contributing to capital
This how much you are paying for the house. Remember that this number does not include your closing costs.
This is the percentage you expect to put down as a down payment for your new home. On a nor normal FHA loan it is usually 3.5%, On a USDA loan this number would be 0%
Put in for how many years yours loan will be. A normal loan is usually 30 years, but some loans can be for 15, 15, or 20. The lower your mortgage term, the higher your monthly payment will be, but you will payoff your loan faster and pay less in interests.
This the rate you expect to pay. This interest rate will vary depending on the type of loan, length of the loan (term), and your credit score.
This is what you house will pay in taxes. If you ask your Realtor, they should be able to give you this amount. You can also look it up in your county tax collectors web site.
All loans require the homeowner to have property insurance, also known as homeowners insurance.
If your down payment on a home is less than 20 percent of the appraised value or sale price, your lender will require you to get mortgage insurance. If you are putting more than 20%, put 0 here. A mortgage insurance policy protects your lender in case you default on the payments. As a borrower, you pay the premiums, and the lender is the beneficiary.
This when you expect to make your first payment. You can leave the default value in..
Choose whether you want the amortization table results in a yearly or monthly format.