Loan Amortization Calculator

Our amortization calculator can help you estimate the costs associated with taking out a loan. It will give you the expected monthly payment, total interest and payments along with full amortization schedules and cost breakdown.

Please note that this is our generic loan calculator, if you are calculating mortgage or car loan payments check out out specialized calculators instead.

Fields:

• Loan Amount - The amount of money you would like to borrow.
• Interest Rate - The interest rate that you will pay on the loan.
• Term (Years) - The number of years that your loan will run over.
• First Payment Date - The month in which you will make your first payment. This is usually one month after signing up for your loan.

Calculation Results

Loan Summary

The first section in the calculator results is the loan summary. This table provides all of the high level information that most users will need. Column one shows you the expected monthly payment, column two the total cost of the loan, column three the total interest paid on the loan and column four the date of your final payment.

Payment Breakdown & Balance Chart

This chart breaks the loan down into years with the data being generated at the end of december for the displayed year. It shows three pieces of information, the black line gives you the loan balance, the light blue at the top of the bars shows the amount of interest paid that year and the dark blue shows the amount of principal payed that year. If you hover your mouse above the individual sections a pop up will appear with the specific values.

Amortization Schedule

The final section in the calculator results is the amortization schedules. This is for people who need very specific information about their loan. There are two tabs here, one for yearly and one for the monthly amortization schedule. Each row in the table represents a snapshot of the loan the the end of the listed period and provides specific values for the principle, interest and total paid, along with the loan balance. The final row gives you the totals for each column at the end of the loan.