Amortization Calculator
Calculate your loan amortization schedule with our free amortization calculator. This amortization calculator shows you how each payment is split between principal and interest over the life of your loan. Use this amortization calculator to plan your mortgage, auto loan, or any amortized loan payments.
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Amortization Calculator Inputs
Monthly Payment
$0.00
Principal & Interest
Total Interest
$0.00
Total Paid
$0.00
Amortization Calculator Summary
Understanding Your Amortization Calculator Results
An amortization calculator helps you understand how your loan payments are structured over time. This amortization calculator shows you exactly how much of each payment goes toward principal versus interest, and how your loan balance decreases with each payment.
Key amortization calculator concepts:
- Amortization: The process of paying off a loan through regular payments over time, where early payments are mostly interest and later payments are mostly principal
- Principal: The portion of each payment that reduces your loan balance
- Interest: The portion of each payment that goes to the lender as the cost of borrowing
- Amortization Schedule: A detailed table showing how each payment is split between principal and interest throughout the life of the loan
Using this amortization calculator: Enter your loan amount, interest rate, and loan term. The amortization calculator will show you your monthly payment and generate a complete amortization schedule. This amortization calculator helps you see how making extra principal payments can save you money on interest and help you pay off your loan faster.
Disclaimer: This calculator is for educational and illustrative purposes only. Results are estimates and may not reflect actual outcomes. Investing Point does not guarantee the accuracy of these calculations and is not responsible for any decisions made based on this tool.
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