Mortgage Calculator vs Amortization Table: Which to Use?

Compare the mortgage calculator (monthly payment) with the amortization table (breakdown by month). Free guide to choosing the right tool.

The mortgage calculator answers quickly: "how much will I pay per month?" Ideal if you are comparing homes or interest rates.

The amortization table shows month by month principal, interest and outstanding balance. Essential to understand the total cost of the loan.

Use the mortgage to decide if you can afford it; Use amortization to negotiate term, extra installments or refinancing.