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.
These calculators provide mathematical estimates for education and planning. Loan agreements, lender practices, fees, taxes, payment dates, and rounding can change actual results.
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.
Use the free online amortization calculator to view every payment, annual totals, charts, extra payments, rate changes, and balloon dates.
Open the free schedule calculatorAmortization Pro lets you edit individual payment rows, save and retrieve loans, export CSV files, and print complete reports. One-time price: $25.
Download Amortization ProNo. 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.