Amortization Checker

Amortization Checker’s Mortgage Calculator proved a Personal Loan could save me $15k vs. Credit Cards. Done—and sleeping better now!

Most tools ignore user psychology. Your Visual Payoff Timeline motivates debt-averse Clients better than any Spreadsheet I’ve designed.

Used your website to model Down Payments. The ‘sweet spot’ analysis helped me avoid PMI without draining my savings. Brilliant!

Pre-settlement funding puts money in your pocket before your case is settled. And because the money is repaid from your settlement, you can get it now, with no risk, no out-of-pocket costs, and your credit score is not a factor.

Our mission is helping you get your life back, enabling you to enjoy life freely. With our dedicated team of experts, we strive tirelessly to make a substantial and lasting difference in your journey towards debt relief.

Plenty of Americans struggle to pay down debt — from credit card debt to personal loans and car loans — and rising balances can quickly catch up with your ability to pay.

Debt can quickly become overwhelming, especially if you’re juggling multiple high-interest balances and struggling to make minimum payments. One possible solution is debt settlement, which involves negotiating with your creditors to pay less than what you owe, usually in one lump sum payment. But is debt settlement a good idea?

• “The Psychology of Prepayment: Why borrowers misunderstand amortization” – Journal of Financial Planning, March 2025.
• “Amortization Schedules Under Rising Rates” – Forbes Finance Council, Jan 2026.

The following explains how to calculate the interest on a repaid loan:

• Divide the interest rate by the number of payments you will make that year. If you have a 6 percent interest rate and make monthly payments, you would divide 0.06 by 12 to get 0.005.
• Multiply that number by your remaining loan balance to find out how much you'll pay in interest that month. If you have a loan balance of $5,000, your first month's interest would be $25.
• Subtract that interest from your fixed monthly payment to see how much you'll pay toward principal in the first month. If your lender has told you that your fixed monthly payment is $430.33, you'll pay $405.33 toward principal in the first month. That amount will be subtracted from your outstanding balance.
• For the following month, repeat the process with the new remaining balance of your loan, and continue repeating for each subsequent month.