Easily calculate your loan repayment schedule with our free Loan Amortization Calculator. See monthly payments, total interest paid, and detailed amortization tables. Ideal for mortgages, car loans, student loans, and more.
Loan amortization is the process of paying off a loan in regular installments over time. Each payment reduces both the principal and the interest owed. Over time, a larger portion of the payment goes toward reducing the principal.
You can use this calculator for all types of installment loans, including mortgages, auto loans, personal loans, and student loans. Just enter your loan details to generate the schedule.
Yes, you can choose between monthly, bi-weekly, or weekly payments depending on your loan terms and lender policies.
The amortization schedule shows each payment broken down into the amount that goes toward interest and the amount that reduces the principal. It also shows the remaining balance after each payment.
Some advanced versions of the tool support extra monthly payments or lump sum prepayments to show how you can save on interest and pay off the loan faster.
No, this calculator assumes standard amortized loans. Interest-only loans or loans with balloon payments require a different type of calculator.
Yes, it’s accurate for general planning and gives you a close estimate of your repayment schedule. However, always confirm exact figures with your lender.
Yes, you can print the results or save the schedule as a PDF for future reference or sharing with your loan advisor.
Absolutely. The calculator is optimized for mobile and tablet use, so you can calculate and view schedules on the go.
No registration is required. This tool is completely free to use without signing up.