Loan Amortization Calculator
Enter your loan details
Optional: Additional amount toward principal
Results
Payment summary and amortization schedule
Enter loan details and click Calculate
How to Use
Step-by-step guide
- Enter the total loan amount you want to borrow.
- Enter the annual interest rate.
- Enter the loan term in years.
- Select payment frequency (monthly, bi-weekly, or weekly).
- Optionally, add extra payment amount per period.
- Click Calculate to see your payment summary and amortization schedule.
Tip: Adding extra payments can significantly reduce the total interest paid and loan duration. Try different terms to find the optimal balance.