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Amortization Calculator

Calculate detailed loan amortization schedules with monthly payment breakdowns, total interest calculations, and extra payment analysis. Perfect for mortgages, auto loans, and personal loans.

📊 Payment Schedule
💰 Interest Analysis
⚡ Extra Payments

Loan Details

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Extra Payments (Optional)

Payment Summary

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Ready to Calculate

Enter loan details above to see payment summary and amortization schedule

Amortization Schedule

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Amortization Schedule

Detailed payment schedule will appear here after calculation

Quick Loan Presets

Loan Comparison

Calculate a loan to see comparison options

Key Features

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Detailed Schedule

Complete payment-by-payment breakdown with principal and interest

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Extra Payment Analysis

See how extra payments reduce total interest and loan term

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Visual Charts

Interactive charts showing payment breakdown over time

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Export & Print

Download schedules as CSV or print for records

Loan Terms Guide

Principal

The original loan amount borrowed

Interest

The cost of borrowing money, calculated as a percentage

Amortization

The process of paying off debt through regular payments

PMI/Insurance

Additional costs that may be included in monthly payments

Tips for Borrowers

💡 Make extra principal payments early to save significantly on interest
📅 Consider bi-weekly payments instead of monthly to pay off loans faster
🔍 Shop around for the best interest rates from multiple lenders
💰 A larger down payment reduces loan amount and monthly payments