Simple Mortgage Calculator with Amortization. The simple loan calculator with amortization estimates the monthly payment based on mortgage amount, loan terms, interest rate and the starting payment date. If you need to plug in more information such as the PMI, tax insurance or any other data, please use the mortgage calculator with PMI.
Calculator Use. Use this loan calculator for a simple calculation of your monthly payment along with interest paid on the loan. Create and print a loan amortization schedule. This calculator assumes interest compounding occurs monthly. For additional compounding options use our Advanced Loan Calculator. Loan Payment Formula