The loan amount that you borrow is called the principal, and the interest represents the cost of borrowing charged by the ...

An amortization calculator is thus ... and might decide to make an extra payment or add more to their regular monthly payment to be put toward the principal when they can afford it.

Use this free mortgage calculator to estimate your monthly mortgage payments and annual amortization. Property taxes The annual tax that you pay as a property owner, levied by the city ...

Make extra principal payments ... Now you know why using a mortgage amortization calculator is so much easier. But some people may have an easier time wrapping their head around mortgage ...