Financial

Amortization Calculator

Generate a complete amortization schedule showing principal, interest, and balance for every payment.

Using the Amortization Calculator

Amortization is the process of paying off a debt over time through regular installments. This tool generates a complete schedule that shows exactly how each monthly payment is split between reducing your principal and paying interest.

How it Works

Enter the loan amount and interest rate.

Select the loan term (e.g., 30 years).

Press Calculate to see your "Monthly Payment".

Scroll through the "Amortization Table" to see your balance decrease month by month.

Frequently Asked Questions

What is amortization?

Amortization is paying off debt through regular scheduled payments. Early payments are mostly interest; later ones are mostly principal.

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (years)

Extra Monthly Payment ($)