To use this calculator:

• Select the year in which the first payment will start from the drop-down menu.
• Enter the amount of the mortgage.
• Enter the interest rate for the mortgage.
• Select mortgage length from drop-down menu.
• Press the calculate button.
• The payment and interest amounts will appear in their respective boxes.
• To start over press the reset button and repeat the process.
• To check the amortization off the loan, press the amortize button. A new window will open and the amortization schedule for the loan amount entered will appear.