If you know the term of a loan and the total periodic payment, an easy way to calculate an amortization schedule is to do the following: Starting in month one, multiply the loan balance by the periodic interest rate. This will be the interest amount of the first month's payment. Subtract that amount from the total payment, which will give you the principal amount.
To calculate the next months' interest and principal payments, subtract the principal payment made in month one from the loan balance, and then repeat the steps from above.
Investment dictionary. Academic. 2012.
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Amortization schedule — An amortization schedule is a table detailing each periodic payment on a amortizing loan (typically a mortgage), as generated by an amortization calculator. While a portion of every payment is applied towards both the interest and the principal… … Wikipedia
amortization schedule — schedule detailing rate of repayment of a loan … English contemporary dictionary
amortization schedule — A schedule that summarizes the dates on which specified amounts must be paid in the repayment of a loan … Accounting dictionary
amortization schedule — A schedule that summarizes the dates on which specified amounts must be paid in the repayment of a loan … Big dictionary of business and management
Loan amortization schedule — The schedule for repaying the interest and principal on a loan. The New York Times Financial Glossary … Financial and business terms
loan amortization schedule — The timetable for repaying the interest and principal on a loan. Bloomberg Financial Dictionary … Financial and business terms
Amortization — or amortisation is the process of decreasing, or accounting for, an amount over a period of time. The word comes from Middle English amortisen to kill, alienate in mortmain, from Anglo French amorteser , alteration of amortir , from Vulgar Latin… … Wikipedia
Amortization calculator — An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into… … Wikipedia
Amortization (business) — For other uses of Amortization, see the Amortization disambiguation page. Amortization is the distribution of a single lump sum cash flow into many smaller cash flow installments, as determined by an amortization schedule. Unlike other repayment… … Wikipedia
amortization — / amortazeyshsn/ In accounting, the allocation (and charge to expense) of the cost or other basis of an intangible asset over its estimated useful life. Intangible assets which have an indefinite life (e.g., goodwill) are not amortizable.… … Black's law dictionary