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Loan Amortization Calculator

Calculate monthly payments and interest over loan term

Loan Amortization Calculator

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
  1. Enter the total loan amount you want to borrow.
  2. Enter the annual interest rate.
  3. Enter the loan term in years.
  4. Select payment frequency (monthly, bi-weekly, or weekly).
  5. Optionally, add extra payment amount per period.
  6. 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.