Amortization Calculator
Calculate your monthly loan payment and view a full amortization schedule showing principal vs. interest breakdown for every year. Works for mortgages, car loans, personal loans, and any fixed-rate debt.
Complete User Guide
Enter your loan amount, annual interest rate, and loan term in years. Get your monthly payment, total interest paid, and a year-by-year amortization table.
The Mathematical Formula
Monthly Payment = P × [r(1+r)^n] / [(1+r)^n − 1]
M = P[r(1+r)^n]/[(1+r)^n−1] where P is principal, r is monthly rate (annual÷12), and n is total months. Each payment covers interest first, then reduces principal.
Frequently Asked Questions
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