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Loan Amortization Calculator â Mortgage, Auto & Personal Loans
Compute your exact monthly payment, total interest cost, and view a complete interactive payment amortization schedule.
Loan Amortization Calculator â Mortgage, Auto & Personal Loans
Compute your exact monthly payment, total interest cost, and view a complete interactive payment amortization schedule.
Calculated Results
â Live
Enter your values on the left and click Calculate to view instant results.
How to Use This Loan Calculator
- Input loan principal amount.
- Input annual interest rate and loan term (years or months).
- Click Calculate Payment to inspect payment breakdown and schedule.
Mathematical Formula & Methodology
Monthly Payment M = P × [ r(1 + r)^n ] ÷ [ (1 + r)^n – 1 ]
Frequently Asked Questions
Extra payments go directly towards reducing principal balance, significantly shortening the term and total interest accrued.