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Loan Amortization Calculator

Calculate your loan payments and view the complete amortization schedule with interest vs principal breakdown.

Loan Summary

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Amortization Schedule

Payment # Date Payment Principal Interest Balance

Understanding Amortization

Loan amortization is the process of paying off a loan through regular payments that cover both principal and interest.

Key Benefits:

  • See exactly how much goes to principal vs interest
  • Understand the impact of extra payments
  • Plan your loan payoff strategy
  • Compare different loan scenarios

How to Use:

  1. Enter your loan details
  2. Adjust interest rate and term
  3. Add extra payments to see impact
  4. View the complete payment schedule

Amortization Formula

Monthly Payment = P × [r(1+r)ⁿ] / [(1+r)ⁿ-1]

Where:
P = Principal
r = Monthly interest rate
n = Total number of payments