Graphical Amortization Calculator


I wrote loan amortization calculator for Jeanette's site.

It shows how much your payment goes to principal payment.

Of cource other money goes to interest payment.

If you pay extra, the money goes to principal payment. So it will accelarate to pay off your loan quickly.

If you pay just minimum payment, 30 years loan takes 30 years to pay off.

If you pay about 15% extra every month, 30 years loan will be paid off about 20 years. I think it is big difference.


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