Financial Calculators

Amortization Calculator | Calculate Loan Payments & Schedule

Amortization Calculator | Calculate Loan Payments & Schedule

Amortization Calculator | Calculate Loan Payments & Schedule

Amortization Calculator

Calculate your loan payments with detailed schedule and visual charts

★ ★ ★ ★ ★ (4.8/5 from 243 reviews)

Loan Details

Loan Amount ($)

💰

Annual Interest Rate (%)

📈

Loan Term (Years)

📅

Start Date

📆

Extra Monthly Payment ($)

➕

Results

Monthly Payment

$1,419.47

Total Interest

$260,808.08

Total Payment

$510,808.08

Payoff Time

30 years

Payment Date	Payment	Principal	Interest	Extra Payment	Remaining Balance

Frequently Asked Questions

What is an amortization schedule?

An amortization schedule is a table showing each loan payment over time, detailing how much goes toward principal vs. interest, and the remaining balance after each payment.

How is monthly payment calculated?

The monthly payment is calculated using the formula: P = [r*PV] / [1 - (1+r)^-n], where P is payment, r is monthly interest rate, PV is loan amount, and n is number of payments.

Can I calculate extra payments?

Yes, our calculator allows you to add extra payments to see how they reduce your loan term and total interest paid.

What's the difference between principal and interest?

Principal is the original loan amount borrowed. Interest is the cost of borrowing that money, calculated as a percentage of the remaining principal.

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