Loan Amortization Calculator

Compute payments and generate a full amortization schedule. Add extra payments to see interest savings and time shaved off.

Inputs

$

Summary

Monthly Payment
$0.00
Total Interest
$0.00
Total Paid
$0.00
Months
0

Amortization Schedule

# Date Payment Principal Interest Balance

Formula

Payment = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly rate, n is number of months.

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