Amortization Calculator

Generate loan amortization schedules quickly and accurately using our tool.

Loan Amount

Loan Term

years

, , , ,

Interest Rate

, , ,

There was an error with your calculation.

Amortization

Monthly Payment: $1,619.92

Total of 120 Payments: $194,390.67

Total Interest: $34,390.67

Interest

Principal

Balance

0 yr

5 yr

10 yr

#	BEGINNING BALANCE	INTEREST	PRINCIPAL	ENDING BALANCE
1	$160,000.00	$6,158.27	$13,280.79	$146,719.21
2	$146,719.21	$5,617.19	$13,821.87	$132,897.34
3	$132,897.34	$5,054.07	$14,385.00	$118,512.34
4	$118,512.34	$4,468.00	$14,971.06	$103,541.28
5	$103,541.28	$3,858.06	$15,581.01	$87,960.27
6	$87,960.27	$3,223.26	$16,215.80	$71,744.47
7	$71,744.47	$2,562.61	$16,876.46	$54,868.01
8	$54,868.01	$1,875.03	$17,564.03	$37,303.97
9	$37,303.97	$1,159.45	$18,279.62	$19,024.36
10	$19,024.36	$414.71	$19,024.36	$0.00

#	BEGINNING BALANCE	INTEREST	PRINCIPAL	ENDING BALANCE
1	$160,000.00	$533.33	$1,086.59	$158,913.41
2	$158,913.41	$529.71	$1,090.21	$157,823.20
3	$157,823.20	$526.08	$1,093.84	$156,729.36
4	$156,729.36	$522.43	$1,097.49	$155,631.86
5	$155,631.86	$518.77	$1,101.15	$154,530.72
6	$154,530.72	$515.10	$1,104.82	$153,425.90
7	$153,425.90	$511.42	$1,108.50	$152,317.39
8	$152,317.39	$507.72	$1,112.20	$151,205.20
9	$151,205.20	$504.02	$1,115.90	$150,089.29
10	$150,089.29	$500.30	$1,119.62	$148,969.67
11	$148,969.67	$496.57	$1,123.36	$147,846.31
12	$147,846.31	$492.82	$1,127.10	$146,719.21
Year 1 End
13	$146,719.21	$489.06	$1,130.86	$145,588.35
14	$145,588.35	$485.29	$1,134.63	$144,453.72
15	$144,453.72	$481.51	$1,138.41	$143,315.31
16	$143,315.31	$477.72	$1,142.20	$142,173.11
17	$142,173.11	$473.91	$1,146.01	$141,027.10
18	$141,027.10	$470.09	$1,149.83	$139,877.26
19	$139,877.26	$466.26	$1,153.66	$138,723.60
20	$138,723.60	$462.41	$1,157.51	$137,566.09
21	$137,566.09	$458.55	$1,161.37	$136,404.72
22	$136,404.72	$454.68	$1,165.24	$135,239.48
23	$135,239.48	$450.80	$1,169.12	$134,070.36
24	$134,070.36	$446.90	$1,173.02	$132,897.34
Year 2 End
25	$132,897.34	$442.99	$1,176.93	$131,720.40
26	$131,720.40	$439.07	$1,180.85	$130,539.55
27	$130,539.55	$435.13	$1,184.79	$129,354.76
28	$129,354.76	$431.18	$1,188.74	$128,166.02
29	$128,166.02	$427.22	$1,192.70	$126,973.32
30	$126,973.32	$423.24	$1,196.68	$125,776.64
31	$125,776.64	$419.26	$1,200.67	$124,575.97
32	$124,575.97	$415.25	$1,204.67	$123,371.30
33	$123,371.30	$411.24	$1,208.68	$122,162.62
34	$122,162.62	$407.21	$1,212.71	$120,949.91
35	$120,949.91	$403.17	$1,216.76	$119,733.15
36	$119,733.15	$399.11	$1,220.81	$118,512.34
Year 3 End
37	$118,512.34	$395.04	$1,224.88	$117,287.46
38	$117,287.46	$390.96	$1,228.96	$116,058.49
39	$116,058.49	$386.86	$1,233.06	$114,825.43
40	$114,825.43	$382.75	$1,237.17	$113,588.26
41	$113,588.26	$378.63	$1,241.29	$112,346.97
42	$112,346.97	$374.49	$1,245.43	$111,101.54
43	$111,101.54	$370.34	$1,249.58	$109,851.95
44	$109,851.95	$366.17	$1,253.75	$108,598.20
45	$108,598.20	$361.99	$1,257.93	$107,340.27
46	$107,340.27	$357.80	$1,262.12	$106,078.15
47	$106,078.15	$353.59	$1,266.33	$104,811.82
48	$104,811.82	$349.37	$1,270.55	$103,541.28
Year 4 End
49	$103,541.28	$345.14	$1,274.78	$102,266.49
50	$102,266.49	$340.89	$1,279.03	$100,987.46
51	$100,987.46	$336.62	$1,283.30	$99,704.16
52	$99,704.16	$332.35	$1,287.58	$98,416.58
53	$98,416.58	$328.06	$1,291.87	$97,124.72
54	$97,124.72	$323.75	$1,296.17	$95,828.54
55	$95,828.54	$319.43	$1,300.49	$94,528.05
56	$94,528.05	$315.09	$1,304.83	$93,223.22
57	$93,223.22	$310.74	$1,309.18	$91,914.04
58	$91,914.04	$306.38	$1,313.54	$90,600.50
59	$90,600.50	$302.00	$1,317.92	$89,282.58
60	$89,282.58	$297.61	$1,322.31	$87,960.27
Year 5 End
61	$87,960.27	$293.20	$1,326.72	$86,633.55
62	$86,633.55	$288.78	$1,331.14	$85,302.40
63	$85,302.40	$284.34	$1,335.58	$83,966.82
64	$83,966.82	$279.89	$1,340.03	$82,626.79
65	$82,626.79	$275.42	$1,344.50	$81,282.29
66	$81,282.29	$270.94	$1,348.98	$79,933.31
67	$79,933.31	$266.44	$1,353.48	$78,579.83
68	$78,579.83	$261.93	$1,357.99	$77,221.84
69	$77,221.84	$257.41	$1,362.52	$75,859.32
70	$75,859.32	$252.86	$1,367.06	$74,492.27
71	$74,492.27	$248.31	$1,371.61	$73,120.65
72	$73,120.65	$243.74	$1,376.19	$71,744.47
Year 6 End
73	$71,744.47	$239.15	$1,380.77	$70,363.69
74	$70,363.69	$234.55	$1,385.38	$68,978.32
75	$68,978.32	$229.93	$1,389.99	$67,588.32
76	$67,588.32	$225.29	$1,394.63	$66,193.69
77	$66,193.69	$220.65	$1,399.28	$64,794.42
78	$64,794.42	$215.98	$1,403.94	$63,390.48
79	$63,390.48	$211.30	$1,408.62	$61,981.85
80	$61,981.85	$206.61	$1,413.32	$60,568.54
81	$60,568.54	$201.90	$1,418.03	$59,150.51
82	$59,150.51	$197.17	$1,422.75	$57,727.76
83	$57,727.76	$192.43	$1,427.50	$56,300.26
84	$56,300.26	$187.67	$1,432.25	$54,868.01
Year 7 End
85	$54,868.01	$182.89	$1,437.03	$53,430.98
86	$53,430.98	$178.10	$1,441.82	$51,989.16
87	$51,989.16	$173.30	$1,446.63	$50,542.53
88	$50,542.53	$168.48	$1,451.45	$49,091.09
89	$49,091.09	$163.64	$1,456.29	$47,634.80
90	$47,634.80	$158.78	$1,461.14	$46,173.66
91	$46,173.66	$153.91	$1,466.01	$44,707.65
92	$44,707.65	$149.03	$1,470.90	$43,236.76
93	$43,236.76	$144.12	$1,475.80	$41,760.96
94	$41,760.96	$139.20	$1,480.72	$40,280.24
95	$40,280.24	$134.27	$1,485.65	$38,794.58
96	$38,794.58	$129.32	$1,490.61	$37,303.97
Year 8 End
97	$37,303.97	$124.35	$1,495.58	$35,808.40
98	$35,808.40	$119.36	$1,500.56	$34,307.84
99	$34,307.84	$114.36	$1,505.56	$32,802.28
100	$32,802.28	$109.34	$1,510.58	$31,291.69
101	$31,291.69	$104.31	$1,515.62	$29,776.08
102	$29,776.08	$99.25	$1,520.67	$28,255.41
103	$28,255.41	$94.18	$1,525.74	$26,729.67
104	$26,729.67	$89.10	$1,530.82	$25,198.85
105	$25,198.85	$84.00	$1,535.93	$23,662.92
106	$23,662.92	$78.88	$1,541.05	$22,121.88
107	$22,121.88	$73.74	$1,546.18	$20,575.69
108	$20,575.69	$68.59	$1,551.34	$19,024.36
Year 9 End
109	$19,024.36	$63.41	$1,556.51	$17,467.85
110	$17,467.85	$58.23	$1,561.70	$15,906.15
111	$15,906.15	$53.02	$1,566.90	$14,339.25
112	$14,339.25	$47.80	$1,572.12	$12,767.13
113	$12,767.13	$42.56	$1,577.37	$11,189.76
114	$11,189.76	$37.30	$1,582.62	$9,607.14
115	$9,607.14	$32.02	$1,587.90	$8,019.24
116	$8,019.24	$26.73	$1,593.19	$6,426.05
117	$6,426.05	$21.42	$1,598.50	$4,827.55
118	$4,827.55	$16.09	$1,603.83	$3,223.72
119	$3,223.72	$10.75	$1,609.18	$1,614.54
120	$1,614.54	$5.38	$1,614.54	$0.00
Year 10 End

What is an Online Amortization Calculator?

An Online Amortization Calculator is a tool that helps you calculate the schedule for repaying a loan over time, breaking down how much of each payment goes toward interest and how much goes toward the principal balance. It is typically used for loans like mortgages, auto loans, and personal loans. The calculator generates an amortization schedule that shows the full breakdown of each payment throughout the loan term, giving you an understanding of how your loan balance decreases over time.

How to Use an Online Amortization Calculator?

Enter the Loan Amount:
- Input the principal loan amount (the total amount you borrowed).
Enter the Interest Rate:
- Provide the annual interest rate (APR) for the loan. This will determine how much interest is charged on the loan balance.
Choose the Loan Term:
- Enter the loan term, usually in months (e.g., 12, 24, 36, 60 months), which represents how long you will repay the loan.
Input the Payment Frequency:
- Select the frequency of payments (monthly, bi-weekly, etc.), as this can affect how the loan balance is reduced.
Click "Calculate":
- Once you've entered all the loan details, click the "Calculate" button to generate the amortization schedule.
View the Results:
- The calculator will provide a detailed amortization schedule, showing the breakdown of each payment, including the amount going toward interest and principal, along with the remaining loan balance after each payment.

Frequently Asked Questions-

What is an amortization schedule?
- An amortization schedule is a detailed table showing each payment over the life of the loan, breaking down how much of each payment goes toward the interest and how much is applied to the loan principal. It helps borrowers understand how their loan balance decreases over time.
Can I use an amortization calculator for different types of loans?
- Yes, an amortization calculator can be used for various types of loans, including mortgages, auto loans, personal loans, and student loans, as long as you input the relevant loan details (loan amount, interest rate, and term).
What factors affect my loan payments in the amortization schedule?
- The main factors affecting your loan payments are the loan amount (principal), the interest rate, the loan term, and the payment frequency. Changes in any of these factors can significantly impact your monthly payment and the overall cost of the loan.
How can I use the amortization schedule to pay off my loan faster?
- If you want to pay off your loan faster, you can make extra payments toward the principal. The amortization schedule will show you how the loan balance decreases with each payment, allowing you to track your progress in paying off the loan early.
Is the result from the amortization calculator guaranteed?
- The results from the online amortization calculator are estimates based on the input data. The actual amounts may vary depending on changes in interest rates, fees, or payment structure. It is important to verify the schedule with your lender for any specific terms or adjustments.