How to Calculate the Remaining Balance on a Home Mortgage
When you take out a mortgage to finance a new home, the loan payments are the same from month to month. However, during the first years, a larger portion of the monthly payment is applied to the interest on the loan. As years go by, less of the monthly payment is applied to the interest, and more is applied to the principal balance. This process is called amortization. If you want to calculate the remaining principal balance of your home loan, you need to use a special financial math formula that accounts for amortization.
Read more financial articles:Loan Calculators Investing General
Printable Balloon Mortgage Amortization Table and Calculator
How to Calculate Balloon Mortgage Payments
Printable Canadian Amortization Table and Calculator
How to Calculate Canadian Mortgage Payments
How to Convert Monthly Payments to Biweekly Payments
Printable Amortization Table and Calculator
How Much Will I Save by Refinancing?
When will I have paid or owe $X on my mortgage?
What loan period length will minimize the total interest paid?
How Much Should I Put Down?
How Loan Payments Vary by Down Payment
Student Loan Payment Calculator
How to Calculate Graduated Payment Mortgages
How to Calculate APY, aka Effective Annual Rate
Loan Comparison Calculator
What is APR? How to Compute APR from the Annual Interest Rate
How Long to Pay Off Credit Card Balance If Making Minimum Monthly Payments
How to Calculate Biweekly Mortgage Payments
How Does a Biweekly Mortgage Differ from a Monthly Mortgage?
What is Amortization?
How Long Will It Take to Pay Off a Loan?
How Much Can I Afford to Borrow?
What is the Maximum Interest Rate I Can Afford?
How Does the Bank Calculate My Monthly Payment?
How to Compute Put/Call Prices with the Black-Scholes Formula
Historical Volatility Calculator
Simple Moving Average Calculator
Moving Median Calculator
Weighted Moving Average Calculator
Cumulative Average Calculator
Cumulative Weighted Moving Average Calculator
Exponential Moving Average Calculator
Harmonic and Geometric Moving Averages Calculator
Present Value of a Growing Annuity
Future Value of a Growing Annuity
How to Find the Present Value of an Annuity or Perpetuity
How to Find the Future Value of an Annuity
Stochastic Oscillator Calculator
How to Calculate Stochastics and Make a Stochastic Oscillator Chart
How to Interpret the %K and %D Lines on a Stochastic Oscillator
All About Converting Annuity Payments to a Lump Sum and Vice Versa
What Are Net Present Value and Internal Rate of Return?
What is Yield to Maturity? (Bond Valuation)
Savings Goal Calculator
Loans for People on Welfare
How Lenders Evaluate High-Risk Low-Income Borrowers
How to Borrow Money from Peer-to-Peer Lending Networks
How to Calculate Sales Tax
Savings Account Calculator
Retirement Savings Calculator
What Can Trigger a Tax Audit by the IRS?
Learn to Prepare and File Small Business Taxes on Your Own
How to Choose a Tax Preparer
How to File Taxes if You've Filed for Bankruptcy
How to File Taxes from Jail or Prison
Where to Get Free Tax Preparation and Tax Help
How to Compare Quotes for Mortgage Protection Insurance
Saving for Retirement vs. Saving for Your Children's College Education
Risks of Refinancing a Loan or Home Mortgage
How to Pay Off a Loan Faster
Weighing the Costs of Pre-Payment Penalties
How to Pay Off $10,000 in Credit Card Debt
How Can I Increase My Credit Card Debt?