House Loan Calculator
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Amortization calculator - An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.
This Is The House - "This Is the House" was Eurythmics' third single, recorded in 1982 on the own 8-track home studio in north London, built with a personal bank loan from group member David A. Stewart's bank manager rather than record company support.
Amortization schedule - An amortization schedule is a table detailing each periodic payment on a loan (typically a mortgage), as generated by an amortization calculator. Amortization schedules are calculated so that each periodic payment for the entirety of the loan is equal, making the repayment process somewhat simpler under amortization than with other models.
Negative equity - Negative equity is a term used in the housing market, usually following a general fall in property prices, to mean that the market value of a mortgaged house or flat is less than the amount outstanding on the loan used to purchase it. This situation also occurs with 2nd mortgage home equity loans and some loans structured to loan more than the appraised value, such as 125% loans.
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