Amortization Calculator
Generate a monthly amortization schedule for any fixed-rate loan.
How to use
Enter loan amount, annual rate, and term. The schedule shows how each payment splits between principal and interest.
Formula
Monthly payment M = P × r(1+r)^n / ((1+r)^n − 1), where r is monthly rate and n is number of months.
Frequently asked questions
What is amortization?
Amortization is paying off debt in equal installments where early payments are mostly interest and later payments are mostly principal.
Do you store the numbers I enter?
Calculations run in your browser. Inputs are not sent to our servers.