Amortization Calculator
View your complete loan amortization schedule with payment breakdown
Loan Details
Typical: 5.5% - 8%
Loan Summary
Loan Details
Financial Disclaimer
This calculator provides estimates for informational purposes only. Actual loan terms, rates, and payments may vary. This is not financial advice. Consult with a qualified financial advisor or lender for specific guidance. PayoffCalculator.io is not a lender and does not provide loans.
How to Use This Amortization Calculator
Enter your loan amount, interest rate, loan term, and start date. The calculator generates a complete amortization schedule showing every payment. You can view it as a table or chart, and export to PDF for your records.
Understanding Amortization Loans
Amortization is the process of paying off debt through regular payments over time. Each payment covers both interest charges and principal reduction. Understanding your amortization schedule helps you see how your loan balance decreases over time.
Tips for Getting the Best Amortization Rate
Use the amortization schedule to see how extra payments affect your loan. Making extra principal payments early in the loan has the greatest impact on total interest paid.
Frequently Asked Questions
An amortization schedule is a table showing each loan payment broken down into principal and interest portions, along with the remaining balance after each payment.