Loan Amortization Calculator’s is a financial information and news website.
Our goal is to inform the public about dynamics involving loan amortization, specifically the disparity of cost with different loan terms in an annuity structure.
Calculator
The inspiration came from viewing different calculator sites, which did not always convey the great difference in total cost that a borrower can incur with slightly different terms. With LAC, visitors can adjust values to visually see how much they will pay in a pie chart.
Contact
Please send inquiries to:
loanamortizationcalculator.biz at Google Mail dot com
( email address formatted to prevent automated bots from contacting us )
Thank You
Programming
Website design and formulas have been authored by our technical advisor, Scott Forsberg.
The calculator is programmed in the PhP programming language, based on the annuity formula. The data is used to calculate percentages, which are sent to the graph, also drawn in
Revisions
- 1.07: Maximum duration reduced to 100 years, so that table data does not lag browsers
- 1.06: Payment table added and error checked with various other websites and formulas
- 1.05: Formula modified to accommodate extra payments
- 1.03: Formatted to process commas
- 1.02: Percentages added to graph
- 1.01: Decimal point extended to the nano range for maximum accuracy
news sitemap