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Loan Amortization Calculator

Finance Tools

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.

How to Use Loan Amortization Calculator

To use the Loan Amortization Calculator: 1) Enter loan amount, interest rate, and loan term. 2) Select repayment frequency (monthly, bi-weekly, etc.). 3) Click "Calculate" to view your monthly payment and full amortization schedule. The schedule breaks down each payment into principal and interest over the term of the loan.

Frequently Asked Questions

What is loan amortization?

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.

What types of loans can I calculate with this tool?

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.

Can I change the payment frequency?

Yes, you can choose between monthly, bi-weekly, or weekly payments depending on your loan terms and lender policies.

What does the amortization schedule show?

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.

Does this calculator account for extra payments?

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.

Can I use this calculator for interest-only loans?

No, this calculator assumes standard amortized loans. Interest-only loans or loans with balloon payments require a different type of calculator.

Is this calculator accurate for mortgage planning?

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.

Can I export or print the amortization schedule?

Yes, you can print the results or save the schedule as a PDF for future reference or sharing with your loan advisor.

Is this tool mobile-friendly?

Absolutely. The calculator is optimized for mobile and tablet use, so you can calculate and view schedules on the go.

Do I need to sign up or create an account?

No registration is required. This tool is completely free to use without signing up.

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