Amortization Calculator
Calculate monthly loan payments, total interest, payoff date, yearly summary, and a full month-by-month amortization schedule.
Loan Details
Enter your loan information, then click the calculate button.
This calculator is for estimates only. Actual lender calculations may vary.
Principal and interest payment, before extra payments.
Loan Breakdown
Principal$0.00
Interest$0.00
Yearly Amortization Summary
A simple year-by-year summary of payments, principal, interest, and balance.
| Year | Payment | Principal | Interest | Ending Balance |
|---|
Monthly Amortization Schedule
Full month-by-month payment schedule.
| Month | Date | Payment | Extra | Principal | Interest | Balance |
|---|
Amortization Calculator: Track Your Loan Payments and Interest
Use this tool to see how much of each payment goes to interest and principal, track total interest, and visualize your loan payoff schedule.
What is an Amortization Calculator?
An amortization calculator breaks down each loan payment to show principal and interest portions, the remaining loan balance, and total interest over time. It helps borrowers plan their finances and understand long-term costs.
How to Use
- Enter your loan amount.
- Select loan term in years.
- Enter interest rate.
- Add extra monthly payment if desired.
- Click "Calculate" to see monthly payment, total interest, and payoff schedule.