Solve for the regular payment, total interest, total payments, payoff time, and complete amortization schedule.
The sample values are calculated automatically. Enter your own information for a new estimate.
Need to take this calculation further?
Build the full amortization schedule, edit dates and payment amounts, add extra principal or rate changes, save the loan, and print reports. $49 one-time purchase.
One-time purchase · No subscription · Secure payment through PayPal · Free evaluation available · Refund policy · License terms
These calculators provide mathematical estimates for education and planning. Loan agreements, lender practices, fees, taxes, payment dates, and rounding can change actual results.
From quick calculation to working file
Build the payment online, then use Amortization Pro when the schedule needs to become a saved, editable loan file with reports and later changes.
Try the evaluation before buying. One-time license; no monthly subscription.
How the calculation works
A level-payment amortizing loan uses the same scheduled payment each period. The interest portion is largest at the beginning because the balance is highest.
As principal declines, less of each payment goes to interest and more goes to principal.
Changing payment frequency changes both the periodic rate and number of payments, so compare total interest as well as the payment amount.
No. It includes principal and interest only unless those costs are part of the loan balance.
Rounding to cents can leave a small final balance, so the last payment is adjusted to reach $0.00.
Yes. At 0%, the payment is simply principal divided by the number of payments.