Amortization Calculator
See how your loan is paid off: amortization schedule with interest and principal. Free.
Amortization calculator
See how each payment splits between interest and principal and how the balance falls over time. Enter loan amount, rate and term to generate an amortization schedule.
Frequently Asked Questions
What is an amortization calculator?
A tool that shows how a loan is paid off over time: each payment split into interest and principal, and the remaining balance. Enter loan amount, rate and term to see an amortization schedule.
What is an amortization schedule?
A table showing each payment: how much goes to interest, how much to principal, and the balance left. Early payments are mostly interest; later payments are mostly principal.
Is the amortization calculator free?
Yes. Free to use. For illustration only.
Does it work for mortgages?
Yes. Same formula for any fixed-rate amortising loan: mortgage, personal loan, car loan.
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