Instructions to Use the Calculator:
Instructions to Use the Calculator:
Enter Loan Details:
Loan Amount ($): The total amount borrowed.
Interest Rate (%): The annual interest rate of the loan.
Loan Term (Years): The number of years to repay the loan.
Click on “Calculate” to get:
Your Monthly Payment amount.
A detailed amortization schedule showing how much of each payment goes towards interest and principal.
The amortization schedule shows:
Payment number.
Monthly payment breakdown (Principal + Interest).
Remaining loan balance.
Click “Reset” to clear the form and start over.
Mortgage Loan Calculator
| Month | Payment | Principal | Interest | Balance |
|---|