Principal | Interest Rate | Length | Amortization Schedule | Change Parameters |
---|---|---|---|---|

$45,000 | 4.50% | 30 years | View • Print | Change Parameters |

Number of Payments | Monthly Payment | Total Principal Paid | Total Interest Paid | Total Paid |
---|---|---|---|---|

360 | $228.01 | $45,000.00 | $37,083.02 | $82,083.02 |

Payments | Yearly Total | Principal Paid | Interest Paid | Balance |
---|---|---|---|---|

Year 1 (1-12) | $2,736.10 | $725.95 | $2,010.15 | $44,274.05 |

Year 2 (13-24) | $2,736.10 | $759.30 | $1,976.80 | $43,514.75 |

Year 3 (25-36) | $2,736.10 | $794.18 | $1,941.92 | $42,720.56 |

Year 4 (37-48) | $2,736.10 | $830.67 | $1,905.43 | $41,889.89 |

Year 5 (49-60) | $2,736.10 | $868.83 | $1,867.27 | $41,021.06 |

Year 6 (61-72) | $2,736.10 | $908.74 | $1,827.36 | $40,112.32 |

Year 7 (73-84) | $2,736.10 | $950.49 | $1,785.61 | $39,161.83 |

Year 8 (85-96) | $2,736.10 | $994.16 | $1,741.94 | $38,167.67 |

Year 9 (97-108) | $2,736.10 | $1,039.83 | $1,696.27 | $37,127.84 |

Year 10 (109-120) | $2,736.10 | $1,087.60 | $1,648.50 | $36,040.25 |

Year 11 (121-132) | $2,736.10 | $1,137.56 | $1,598.54 | $34,902.68 |

Year 12 (133-144) | $2,736.10 | $1,189.82 | $1,546.28 | $33,712.86 |

Year 13 (145-156) | $2,736.10 | $1,244.48 | $1,491.62 | $32,468.38 |

Year 14 (157-168) | $2,736.10 | $1,301.65 | $1,434.45 | $31,166.73 |

Year 15 (169-180) | $2,736.10 | $1,361.45 | $1,374.65 | $29,805.28 |

Year 16 (181-192) | $2,736.10 | $1,423.99 | $1,312.11 | $28,381.28 |

Year 17 (193-204) | $2,736.10 | $1,489.41 | $1,246.69 | $26,891.87 |

Year 18 (205-216) | $2,736.10 | $1,557.84 | $1,178.26 | $25,334.04 |

Year 19 (217-228) | $2,736.10 | $1,629.40 | $1,106.70 | $23,704.63 |

Year 20 (229-240) | $2,736.10 | $1,704.26 | $1,031.84 | $22,000.38 |

Year 21 (241-252) | $2,736.10 | $1,782.55 | $953.55 | $20,217.82 |

Year 22 (253-264) | $2,736.10 | $1,864.44 | $871.66 | $18,353.38 |

Year 23 (265-276) | $2,736.10 | $1,950.09 | $786.01 | $16,403.29 |

Year 24 (277-288) | $2,736.10 | $2,039.68 | $696.42 | $14,363.61 |

Year 25 (289-300) | $2,736.10 | $2,133.38 | $602.72 | $12,230.23 |

Year 26 (301-312) | $2,736.10 | $2,231.39 | $504.71 | $9,998.84 |

Year 27 (313-324) | $2,736.10 | $2,333.90 | $402.20 | $7,664.94 |

Year 28 (325-336) | $2,736.10 | $2,441.12 | $294.98 | $5,223.82 |

Year 29 (337-348) | $2,736.10 | $2,553.26 | $182.84 | $2,670.56 |

Year 30 (349-360) | $2,736.10 | $2,670.56 | $65.54 | $0.00 |

$82,083.02 | $45,000.00 | $37,083.02 |

Enter your loan information to create an amortization schedule showing payments of principal and interest.

Here are some helpful tips to understand how this calculator works.

- This calculator determines the monthly payment of a loan or mortgage based on an interest rate and length. It also calculates the total interest and total amount paid over the entire term of the loan.
- Subtract your down payment from the purchase price to obtain the principal amount for the loan.
- It assumes a fixed interest rate throughout the entire loan. It does not handle variable, adjustable (ARM) or ballon rates.
- An amortization schedule is also generated showing how the balance or principal is paid off by the end of the term. A portion of each monthly payment goes toward interest with the rest being used to reduce the remaining balance.
- This type of calculation can be used for any type of asset, including home mortgages, car loans, credit cards, student loans and many more.