Amortization Calculator
Calculate loan amortization schedules with detailed payment breakdowns and export options.
Our free Amortization Calculator helps you understand your loan repayment schedule with detailed breakdowns of principal and interest for each payment. Amortization breaks down loan repayment into interest and principal across each installment, showing you exactly how each payment reduces your loan balance over time.
Enter loan details to see your amortization breakdown
Amortization breaks down loan repayment into interest and principal across each installment. This calculator helps you understand your payment schedule, total interest costs, and how each payment reduces your loan balance over time.
Formula: Payment = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where:
- P = Principal loan amount
- r = Periodic interest rate
- n = Total number of payments
Note: This calculator provides estimates for fixed-rate loans. Actual loan terms may vary based on credit score, lender requirements, and other factors. Always consult with a financial advisor for personalized loan advice.