You will have to learn to approach loans, by going to various rates of the financial institutions offer for either auto or home loan and see which rate of interest suits you the most in the terms of repayment and as well which is the lowest one so that you don’t end up paying way more than you want to. There are also ways to get rid of the debt early and this way you will not be rendered to pay up for interest charges on the remaining installments. Now check out amortization schedule with extra payments .
How to make an amortization table
If you want to make an amortization table, you could as well make by hand or get an online calculator which create the table for you; you could also use spreadsheets to make the schedules that amortization is made of and then have to peek at what you are getting into when you approach for a loan. It will make your calculations much easier and this way you can keep tabs on how much is going towards repayment and keep track of all the proceedings that are part of your loan. This knows how will help you make better use of your funds and make plans whether you could get out debt quickly by an early payoff or how to make up for the savings you lost in interest for the loan. All these and more can be worked out with the help of the amortization