Amortization Schedule Calculator

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


Amortization Calculator Information

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.