| If you own your own home or are planning to buy a | | | | mortgage. |
| home, you should become very familiar with a great | | | | When you first start paying on your mortgage, the |
| little tool called a mortgage calculator. A mortgage | | | | majority of your payment will be going toward interest. |
| calculator is an online tool that tells you a lot of | | | | It is not until the end of your loan that you actually start |
| information about your mortgage. You can use a | | | | really paying down the principle balance. A mortgage |
| calculator to figure interest payments, house payments | | | | calculator will help you see exactly where your money |
| and much more. If you use the amortization option on | | | | will be going before you take out a loan. If you already |
| a mortgage calculator, you can view each and every | | | | have a mortgage, a mortgage calculator will show you |
| mortgage payment due. You can even see what | | | | how your payments will be distributed throughout |
| affect making extra payments will have on your | | | | repayment. |