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How to Calculate an Amortizing Loan Schedule

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When you want to calculate an amortizing loan schedule, there are several inputs required in order to produce the loan repayment schedule. You can search online for one of the many financial calculators available, and you will quickly see the results.

Figures You Will Need

To calculate an amortizing loan schedule, you need some specific data in order for the calculator to compute the results. These figures are:

  • Loan amount
  • Interest rate
  • Length of the loan
  • Start date of the loan

Step 1 - Input the Data

Once you have a calculator at your disposal, plug in the above figures and press the Calculate or Enter button. An amortization schedule will appear, usually within a few seconds.

Step 2 - Viewing the Results

After the calculator has produced the schedule, you will usually see the year, interest, principal and balance figures listed in column form.

Step 3 - How to Use the Amortization Schedule

An amortization schedule is a powerful tool when you are trying to figure the amount of a loan you can afford. You can also use the results for tax planning, or future budget projections.