Amortization Calculator
Calculate the monthly payment for a fixed-rate loan, review total interest, and browse the yearly amortization schedule in one place.
Unable to calculate the amortization schedule with the current values.
Amortization summary:
About Amortization Calculator
Amortization Calculator estimates the monthly payment for a standard fixed-rate loan and breaks the payoff into yearly rows. This makes it easier to compare interest cost against principal reduction over the full term.
How To Use It
Enter the three core loan values, then review the summary cards and amortization table together.
- Enter the loan amount, the full term in years, and the annual interest rate.
- Click Calculate to estimate the monthly payment and total interest.
- Review the annual schedule to see how the balance declines over time.
Examples
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Ten-year loan
Loan Amount: 160000 Loan Term: 10 years Interest Rate: 4% Monthly Payment: $1,619.92
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Shorter payoff
Loan Amount: 50000 Loan Term: 5 years Interest Rate: 3.5% Result: lower total interest with fewer years
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