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Use this loan amortization calculator for a clear financial estimate. Results update instantly in your browser.
What this calculator does
Build a repayment schedule that separates every loan payment into principal and interest.
How to use this calculator
- Enter balance, rate, term, payment frequency, and any extra payment.
- Review the calculation assumptions before using the result.
- The schedule shows how quickly the balance falls and what interest costs.
How to calculate
Enter the loan amount, rate, compounding and payment frequencies. Add an optional extra payment to see an earlier payoff schedule.
Worked example
A 250,000 loan at 6.5% for 30 years has a monthly payment of about 1,580 before any extra payment.
Understanding your result
The schedule shows how quickly the balance falls and what interest costs.
- Variable rates and lender fees are not reflected.
- Double-check values and units before calculating.
Loan results are estimates and exclude fees, insurance, and taxes.
Frequently asked questions
What does this loan amortization calculator do?
Build a repayment schedule that separates every loan payment into principal and interest.
How do I use this loan amortization calculator?
Enter balance, rate, term, payment frequency, and any extra payment.
What does the result mean?
The schedule shows how quickly the balance falls and what interest costs.
What should I check before relying on it?
Variable rates and lender fees are not reflected.