The "mortgage payment schedule" simulation calculates the payment required to amortize a mortgage loan and prepares a repayment schedule of principal and interest. It also determines an effective rate of interest.

You can display either a blended mortgage payment schedule that displays principal and interest together. Or, you can display a mortgage payment schedule that shows principal and compounding of interest separately. In this method, payments go toward the principal amount and accrued interest is added to the principal at the compounding periods only.

This simulation allows you to display a mortgage payment schedule for any year within your amortization period.

Amount Borrowed   $  
Amortization Period in Years Months       
Number of Payments per Year       
Stated Annual Interest Rate (%)       
Number of Compound Periods per Year        
Estimated Annual Property Tax    $  

         Payment Schedule Display                                         
Choice: Regular Payments Separated Principal & Interest Payments 
First Year to Display         
Last  Year to Display