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Amortization of a loan is the process of dividing a lump sum of money owed into regular payments, such as with a home mortgage. You take a loan to purchase a house; you pay back a little bit every month, plus interest. Calculating the exact amortization is somewhat complicated and can vary between lenders. Ask your lender for the details on exactly how your loan amortization is calculated.

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Q: Could you explain to you what it amortization of a loan is?
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Could you inform me about loan amortization tables?

A loan amortization table allows you to estimate the amount of a loan payment extended over how many months you would like the loan to be payable for.


Where could I find an amortization calculator for excel?

You may find an amortization calculator for excel at http://office.microsoft.com/en-us/excel-help/using-the-loan-amortization-and-loan-analysis-templates-HA001034640.aspx.


What is principal amortization?

It is the amortization of the principal of the loan.


What is an Amortization loan?

An amortization loan table is a chart that displays each periodic payment on an amortizing loan, and each number is calculated using an amortization calculator.


Could you inform me about loan amortization schedules?

You can get the latest loan amortization schedule at the site called amortschedule dot com. That site has all the information you need to get started and maintain.


What is an amortization loan table?

An amortization loan table is a chart that displays each periodic payment on an amortizing loan, and each number is calculated using an amortization calculator.


Is an amortization loan worth it?

Amortization is just another name for the monthly payments you will be making. It is not a type of loan.


What would be the best website to find an amortization loan calculator?

The best website to go to for an amortization loan calculator would be bankrate.com. They have an excellent amortization loan calculator that is simple and easy to use.


What is a car loan amortization?

Basically, Car Loan Amortization is the balance of your auto loan. It is the process of following a plan or schedule of your loans for your automobile.


How do you use a amortization loan calculator?

If you wanted to use a loan amortization calculator you would be using a calculator that would be consolidating your loans into one. You would be checking what the payment you could make to pay them all off is.


What exactly does amortization loan do?

An amortizing loan is a loan where the principal of the loan is paid down over the life of the loan, according to some amortization schedule, typically through equal payments.


Where can I find a car loan amortization calculator?

You can find a car loan amortization calculator to estimate your monthly loan at Bankrate. This website can be accessed at www.bankrate.com.