Amortization Calculator

An amortization calculator helps display a detailed breakdown of loan payments over time, showing how each payment is divided between principal and interest.

This amortization calculator is designed for users in the United States who want to understand how loan balances decrease throughout the life of a mortgage or loan. The calculator provides estimated results using
standard amortization formulas.

Viewing an amortization schedule can help borrowers understand how interest is applied, how much principal is paid each month, and how additional payments may impact the loan balance.

This amortization calculator shows a detailed month-by-month breakdown of your loan payments, including interest, principal, and remaining balance. All results are estimates provided for informational purposes only.

How This Amortization Calculator Works?

This amortization calculator uses a standard loan amortization formula to calculate monthly payments and display a payment schedule. Each payment is divided into interest and principal portions.

At the beginning of a loan, a larger portion of each payment goes toward interest. Over time, the interest portion decreases while the principal portion increases.

The schedule displayed by this calculator includes estimated values only and does not account for additional fees, taxes, or insurance unless specified.

Example Amortization Schedule

For example, a $200,000 loan with a 6% interest rate and a 30-year term would result in a monthly payment of approximately $1,199. In the early months, most of the payment goes toward interest, while later payments apply more toward principal.

This example helps illustrate how loan balances decrease gradually over time.

Frequently Asked Questions

What is an amortization schedule?

An amortization schedule shows how each loan payment is divided between interest and principal.

Does this calculator include extra payments?

No. This calculator shows standard payments only.

Is this amortization calculator free?

Yes. This calculator is free and does not require registration.

Disclaimer: This amortization calculator provides estimates for informational purposes only and should not be considered financial advice.