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Disclaimer:Results are estimates and do not constitute financial advice.

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Loan Calculator App

Save your loans and track repayments on the go.

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How this loan amortization calculator works

This loan amortization calculator estimates how a repayment schedule may look based on your loan amount, interest rate, term, down payment, and any extra monthly payment. It shows the split between principal and interest over time so you can understand the full cost of borrowing.

You can use it for mortgages, auto loans, and personal loans to compare repayment scenarios. Testing extra payments or a larger down payment can help you see how small changes may reduce total interest and shorten the payoff timeline.

Learn how the amortization formula worksRead repayment guides

Frequently asked questions

Loan amortization is the process of repaying a loan through regular payments that gradually reduce the balance. Each payment usually covers both interest and principal.

Yes. You can add an extra monthly payment to see how it may shorten the loan term and reduce total interest.

By Term calculates the monthly payment from the loan length. By Payment calculates how long repayment may take from your target monthly payment.