This calculator helps users understand how their mortgage loan will be paid off over time by showing a breakdown of monthly payments, including principal and interest amounts:

Benefits of this calculator:

1. The Amortization Calculator provides users with an amortization schedule that shows how their mortgage loan will be paid off over time.
2. It breaks down monthly payments into principal and interest amounts, helping users understand how payments contribute to loan reduction.
3. Users can input their loan details to generate an amortization schedule.
4. The calculator is useful for individuals who want to visualize their loan repayment process and understand the distribution of payments.
5. By offering an amortization table, the calculator assists users in making informed decisions about their mortgage.

Feel free to customize the code according to your preferences or add more features as needed.

Amortization Calculator

Calculate the amortization schedule of your mortgage loan:

Loan Amount ($):

Interest Rate (%):

Loan Term (years):