Loan Amortization Calculator

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Monthly Payment

$1,342.05

Total Interest Payable

$233,139.46

Total of Payments
(Principal + Interest)

$483,139.46

How to use the loan amortization calculator

Enter the loan amount, interest rate and amortization period (i.e., loan tenure) to instantly calculate your monthly payment and the sum total of all payments along with break-up of the principal and interest components. A detailed (yearly + monthly) amortization schedule is also generated. You can change the start date of your amortization schedule to any date in the future or past, if desired. The interactive charts provide a visual representation of the loan repayment data. You can easily adjust the input sliders to run multiple what-if scenarios.

You can use this calculator to calculate monthly payment and amortization schedule for your home loan, auto loan or any other fully amortizing loan. If you want to factor in taxes and insurance for your mortgage loan, then you should use the mortgage calculator with taxes and insurance.

If you liked the Amortization Calculator, please consider sharing it with your friends & family using the social sharing buttons. If you have further suggestions / questions OR wish to report any errors, please leave a comment below.
  • Marin Tax CPA

    This is the best tool I have found on the internet for creating an amortization table for determining imputed interest rates.
    When people sell property through an installment sale and the contract does not require interest payment on balance due, a de-facto interest needs to be calculated as part of determining the true sale price.
    Most calculators do not give you enough options (eg changing the period of amortization).

    • Vasu Adiga

      Thanks for your kind words. Please help spread the word by referring your friends & customers to this website.

  • Debbie

    This is a very helpful tool. I am just wondering if there is a way you could add in a place to add Taxes to the calculations. thanks.

  • Bill Cowhig

    When asked for the “interest rate,” does that mean the “nominal interest rate” or the APR?