Amortization Calculator

Calculate loan amortization schedules with detailed payment breakdowns.

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Worked Example & Common Values

Below is a sample worked calculation demonstrating how Amortization Calculator processes input data instantly inside your browser.

Sample Input $1,200 Loan Principal, 6% Interest Rate, 12 Months duration

Computed Result Monthly Payment: $103.28 | Total Interest Paid: $39.36

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About This Tool

This amortization calculator helps you understand how your loan payments are applied over time. Enter your loan amount, interest rate, term, and start date to generate a complete amortization schedule showing each payment's breakdown into principal and interest, along with the remaining balance. Perfect for mortgages, auto loans, personal loans, and other installment debts.

Save your calculation history with a free account

How to Use

Enter the loan amount (e.g., $250,
.
Input the annual interest rate (e.g.,
5%).
Select the loan term in years (e.g., 30 years).
Choose a start date for the first payment.
Select the payment frequency (monthly, bi-weekly, etc.).
Click 'Calculate Amortization Schedule' to see the results.
View the detailed payment schedule table and summary.

Frequently Asked Questions

Find Quick Answers

What is an amortization schedule?

An amortization schedule is a table that shows each loan payment's breakdown into principal and interest, along with the remaining balance after each payment, over the entire loan term.

How is the monthly payment calculated?

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

Can I calculate different payment frequencies?

Yes, the calculator supports monthly, bi-weekly, and weekly payment frequencies. The schedule adjusts the number of payments and periodic interest rate accordingly.

Does this include taxes or insurance?

No, this calculator computes only the principal and interest portions of loan payments. Taxes, insurance, and other fees are not included.

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