Calculate loan amortization schedule with monthly payments, principal, interest breakdown, and remaining balance for mortgages and loans.
An amortization calculator generates detailed payment schedules for loans showing how each monthly payment splits between principal (reducing balance) and interest (lender profit). Creates complete amortization tables spanning the entire loan term, displaying running balances, cumulative interest paid, and equity buildup. Essential for mortgages, car loans, personal loans, and any installment debt to understand true borrowing costs, see how extra payments accelerate payoff, and plan prepayment strategies that save thousands in interest while shortening loan terms significantly.
Visualize exactly where your money goes with each payment—early payments are mostly interest while later ones pay down principal, making prepayment incredibly valuable early in loan life. Calculate how much interest you will pay over the entire loan (often 50-100% of original amount for 30-year mortgages) to understand true borrowing cost. See the dramatic impact of extra principal payments—even $50-100 extra monthly can shorten a 30-year mortgage by 5-10 years and save tens of thousands in interest. Plan optimal prepayment strategies by identifying when extra payments have maximum impact. Used by homeowners, car buyers, debt payoff planners, and financial advisors to create data-driven repayment strategies.
Enter loan amount (principal borrowed), annual interest rate (APR from lender), loan term in years, and start date. Results generate complete amortization schedule showing payment number, payment date, payment amount, interest paid, principal paid, and remaining balance for every single payment. Toggle between monthly and annual views. Use the extra payment calculator to see how additional principal payments reduce total interest and loan term. Download or print amortization schedule for record keeping or tax purposes (mortgage interest is often tax deductible). Recalculate annually if making extra payments to see updated payoff timeline.
Calculate monthly loan payments, total interest, and amortization schedule for any loan.
Calculate EMI (Equated Monthly Installment) for home loans, personal loans, car loans with detailed amortization schedule and total interest.
Calculate your monthly mortgage payment including principal, interest, taxes, and insurance (PITI). Get accurate estimates for home loan affordability and compare different scenarios.
Calculate compound interest with daily, monthly, quarterly, or yearly compounding. See how your investments grow exponentially over time with the power of compound interest.
Calculate Stripe transaction fees for credit cards, international payments, ACH, and various payment methods with net revenue projections.
Calculate your Monthly Recurring Revenue (MRR) and Annual Recurring Revenue (ARR) for subscription-based businesses. Essential SaaS metrics for growth tracking.
Common questions about amortization calculator — loan amortization schedule tool