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Use our loan payment calculator to determine the payment and see the impact of these variables on a specified loan amount complete with an amortization schedule. Interest is the charge added to a loan that makes up the cost of money. Interest is usually expressed as a percentage of the loan principal.
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Extra Payment Mortgage Calculator. This calculator will calculate the time and interest you will save if you make one-time, weekly, monthly, quarterly, and/or annual extra payments on your house loan. Plus, the calculator provides an optional amortization schedule in the results so you can see the effects of the extra payments over time.