Amortization refers to the process of ... 7,200 a month to afford a $2,000 mortgage payment. You can use our simple mortgage calculator to see how much you can borrow to achieve this monthly ...

It can help to use a loan calculator to ... not 0.04). Simple interest = principal (P) x interest rate (R) x loan term in years (T) / 100 With an amortization loan, your principal changes monthly ...

You can use a loan amortization calculator to spell out payments using a loan amortization schedule, which shows how much interest and principal you will be paying off each month for the term of ...