# How to create a mortgage amortization schedule

**Mortgage Calculator With Extra Payment**

This calculator will figure a loan's payment amount at various payment intervals - based on the principal amount borrowed, the length of the loan and the annual.

Multiply the interest rate on the loan by the remaining loan balance, which for the first payment is the original loan amount, and write the amount under the ".

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Amortization Schedule Explained### How to create a mortgage amortization schedule - Here’s a formula to calculate your monthly payments manually: your monthly interest rate Lenders provide you an annual rate so you’ll need to divide that figure by 12 (the number of .

Here’s a formula to calculate your monthly payments manually: your monthly interest rate Lenders provide you an annual rate so you’ll need to divide that figure by 12 (the number of .

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