Calculate your loan payments, interest, and payment schedule. Perfect for mortgages, auto loans, and personal loans.
| Payment # | Date | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|---|
| Enter your loan details and click "Calculate Amortization" to see results | ||||||
Calculating your amortization schedule...
Our free Amortization Schedule Calculator is a powerful financial tool designed to help you understand the breakdown of your loan payments over time. Whether you're planning for a mortgage, auto loan, or personal loan, this calculator provides a detailed month-by-month schedule of your principal and interest payments.
An amortization schedule is a table that details each periodic payment on a loan (typically a mortgage) over time. It shows the amount of each payment that goes toward interest and principal, as well as the remaining balance after each payment.
This calculator works for any fixed-rate loan including mortgages, auto loans, personal loans, and student loans.
A higher interest rate increases the total cost of the loan and the amount of each payment that goes toward interest, especially in the early years of the loan.
While this calculator shows the standard payment schedule, you can experiment by increasing your monthly payment amount to see how it would accelerate your loan payoff.
No, all calculations are done in your browser. Your data is never sent to any server and is not stored after you leave the page.