Amortization Calculator (This Tool)
Principal Decay & Extra Payoffs
Core Function: Deep-dives into loan schedules, decomposing every monthly dollar into principal vs interest and computing exact interest savings from extra prepayments.
Target Audience: Active debt holders looking to accelerate payoff timelines, reduce interest burdens, or evaluate bi-weekly payment strategies.
Key Output: Complete month-by-month and annual amortization balance tables, interest-to-principal transition point, and prepayment savings.
Full Homeownership PITI
Core Function: Incorporates real estate-specific expenses including home prices, down payment %/$, property taxes, homeowners insurance, and private mortgage insurance (PMI).
Target Audience: Prospective homebuyers evaluating true, all-in monthly housing costs beyond just the debt principal.
Key Output: Comprehensive PITI monthly payment breakdown, PMI cancellation milestone (at 80% LTV), and 30-year total cost of ownership.
