Loan amortization

I don't even know what "amortization" means. I looked it up and had to go to the definition of another word just to figure out what it meant.

Still, I love this loan amortization schedule! Download it if you're trying to figure out what you can afford for a home or car loan and have an idea of what kind of interest rates you're approved for. It's very helpful and even after you have the loan it helps to know how much you're saving if you pay more than the minimum monthly payment.

12/28/2007, 3:53 PM - Check out another great resource here. H/T: James.