Amortization Calculator
Estimate a fixed monthly payment, total interest and a complete loan amortization schedule.
| Loan Details | Enter Value |
|---|---|
| Loan Amount ($) | |
| Annual Interest Rate (%) | |
| Loan Term (years) |
Enter your loan details to calculate payments.
How to Use the Amortization Calculator
Enter loan amount, interest rate and term to estimate the periodic payment and how principal and interest change across the repayment schedule.
Practical Example
A USD 200,000 loan at 6% over 30 years produces a fixed monthly payment estimate, with early payments containing more interest and later payments more principal.
Factors That Affect the Result
Taxes, insurance, fees, extra payments, rate changes and lender-specific rounding can alter the actual schedule.
Frequently Asked Questions
What is amortization?
It is the gradual repayment of a loan through scheduled principal and interest payments.
Does the calculator include taxes and insurance?
No, unless those amounts are specifically entered.
Can extra payments shorten the loan?
Yes, additional principal payments can reduce interest and payoff time.