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Wondering if the income needed to buy a home in the top 50 metro areas is starting to decline? Hint: Not yet.

Wondering if the income needed to buy a home in the top 50 metro areas is starting to decline? Hint: Not yet.

Where’s your amortization calculator?

Q: About 4 years ago I used your online mortgage calculator to calculate a land contract between my parents and me.  It made a table for 22 years and broke downs interest, principal and the balance by the month and year.  I've lost the chart!  And I cannot find another calculator to help.  Is there any way you can help me out?  I have the exact figures of the initial principal, the term (22 years), the interest rate, and the starting date 5-1-09.  I would greatly appreciate any help you can give me.

A: Our mortgage calculator is still there, but we did make some changes to it a couple of years ago to improve the display and such. You'll want to visit www.hsh.com/mortgage-calculator.html and plug in your numbers. Once you click the calculate button at the bottom of the calculator, jump to the annual results at the bottom of the screen. On the left side of the display, before each year, you will see a [+] symbol. Click it to reveal a payment-by-payment breakdown for the year, including principal, interest and remaining balance.

If you like, you can print the annual summary, or expand each year that you need to see, and then print. Be sure to use your browser's "print preview" button to adjust margins and such so that all the numbers you need to see will show on the page.

Ask the expert
Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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