A loan amortization calculator is a calculator that will show you exactly how long it will take you to pay off your mortgage. It will also show you the amazing amount of money you spend on interest and show you how important it is to pay your loan of quicker. Did you know that if you make just 1 extra payment a year (for many that is just paying an extra $100 a month) you will cut nearly 8 years of your mortgage saving you thousands upon thousands of dollars in interest.
Let this mortgage amortization calculator show you the big picture.
Go ahead give it a try. You may be surprised.