Amortization Calculator

This amortization calculator generates a payment schedule for a fixed-rate loan. You can also add an optional extra payment per period to see how it affects payoff time and interest.

How to use: enter Amount, APR, Term ? (optional extra) ? Calculate

Outputs: payment schedule, total interest, payoff period

Loan Amount

Interest Rate (APR %)

Loan Term (years)

Payments per year

Extra payment (per period)

Optional. Extra amount added to each payment.

Summary

Periodic Payment (P&I): �

Payoff Payments: �

Total Interest: �

Total Paid: �

Schedule

Per-payment breakdown (payment, extra, principal, interest, balance).

#	Payment	Extra	Principal	Interest	Balance

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About This Calculator

The Amortization Calculator is a free online tool designed for individuals and financial planners. It provides quick, accurate calculations to help you make informed decisions and save time on complex computations.

How to Use

Enter the required values in the input fields
Adjust any optional parameters as needed
Click Calculate to see your results
Use Reset to clear and start over

Practical Use Cases

Investment planning
Loan decisions
Financial analysis
Quick reference calculations
Decision support

? Frequently Asked Questions

How accurate is this

This calculator uses standard formulas and provides accurate results for typical use cases. For professional or critical applications, always verify results with certified professionals or official sources.

Is this calculator free to use?

Yes, this Financial Amortization Calculator is completely free to use with no registration required. You can use it as many times as needed without any limitations.

Can I use this on mobile devices?

Absolutely! This calculator is fully responsive and works perfectly on smartphones, tablets, and desktop computers.

How do I interpret the results?

The results are displayed clearly with appropriate units. Refer to the About This Calculator section for detailed information.