Amortization Loans Calculator and Mini-course!
An “amortization loan” might sound complicated, but it’s just a fancy term for a type of loan that’s paid off gradually over time. You might recognize this structure if you have a mortgage or an auto loan, those are common examples of amortized loans.
Here’s how it works: every payment you make toward an amortized loan includes some portion of the principal (the original amount you borrowed) and some portion of the interest (the cost of borrowing that money). This differs from interest-only loans, where you only pay off the interest for a set period and then start making payments toward the principal.
An amortization schedule is a detailed table that breaks down every payment throughout the life of the loan. It shows you exactly how much of your payment is going towards the principal and how much is going towards the interest.
Lesson 1: Introduction to Amortization Loans
Lesson 2: Mathematics of Amortization
Lesson 3: Types of Amortization and Impact of Changes in Interest Rates
Lesson 4: Strategies for Loan Amortization
Lesson 5: Tax Implications and Benefits of Loan Amortization
Lesson 6: Pros and Cons of Loan Amortization
Lesson 7: Practical Examples and Scenarios of Amortization Loans
Loan Amortization Calculator
This step by step guide also includes some tools that will optimize your learning and results:
- Amortization Loan Calculator with payment returns table and graphs.
- Use the in-app notebook to track your progress, customized ideas, and successes.
- Use the in-app scheduling system to help you complete the journey.
- Stay updated with new thoughts, ideas, federal rate updates, tools, and tips with the live news feed feature.
- App goal setting questionnaire.
- Music player
Are you ready for success? Download now!