Loan calculator and amortization schedule
Enter the amount, the annual interest rate and the term in months, choose fixed payment or fixed principal and see what you pay each month and in interest.
Free and private: it runs in your browser, we do not send what you type.
Enter an amount, a rate between 0 and 100 % and a term of 1 to 600 months.
- Monthly payment
- Last payment
- Total interest
- Total paid
See the month-by-month amortization schedule
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
How it is calculated
- The monthly rate is the nominal annual rate divided by 12.
- Each month you pay interest on the balance you still owe.
- Amounts are rounded to cents; the last payment absorbs the difference.
What it does not include
Credit life insurance, fees, taxes or other charges from the bank or credit union. It is a guide: ask each lender for its actual rate and amortization schedule before you sign.
Do you do this every day? Put it in a system
We build custom Laravel systems so this calculation and the rest of your work live in one place, with users, history and reports.
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