Amortization Calculator
Free amortization calculator. Get instant results — no signup, no account. Plan and compare with confidence.
Use the Amortization Calculator below.
See how your loan balance decreases over time with an amortization schedule. View principal vs interest for each payment. Free amortization calculator.
How to use Amortization Calculator
Enter loan details
Input loan amount, interest rate, and term.
View schedule
See month-by-month breakdown of principal, interest, and balance.
Export or print
Use the schedule to plan payments or compare loans.
Features
- Instant results — no waiting or signup.
- Free to use — no hidden fees.
- No login or account required.
- Works on all devices — desktop, tablet, and mobile.
- Your data stays private — we do not store your inputs.
Why use this calculator
- Plan your finances with accurate estimates.
- Compare scenarios in seconds.
- Make informed decisions before you borrow or invest.
Supported browsers and devices
- All modern browsers (Chrome, Firefox, Safari, Edge).
- Mobile-friendly — use on phone or tablet.
- No app download — runs in your browser.
Frequently asked questions
Complete guide to Amortization Calculator
What is an amortization schedule?
An amortization schedule is a table that shows how each loan payment is split between principal and interest and how the balance decreases over time. For a typical loan, early payments are mostly interest; later payments are mostly principal. By the end of the term, the balance is zero.
This amortization calculator uses your loan amount, interest rate, and tenure to compute the monthly payment (EMI) and the first 12 months of the schedule. You can see exactly how much goes to principal vs interest each month. Full schedules are available from your lender or by using a spreadsheet.
Why view an amortization schedule?
- Understand how much interest you pay over the life of the loan.
- Plan prepayments: see how extra principal reduces future interest.
- Compare loans: same payment can mean different total interest due to term and rate.
- Tax planning: in some countries, interest on home loans is tax-deductible; the schedule shows interest by year.
How principal and interest shift over time
Because interest is calculated on the remaining balance, the interest portion is highest at the start and decreases each month. The principal portion is smallest at the start and increases. So paying extra in the early years saves more interest than paying extra in the later years.
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Disclaimer
Our financial calculators are for informational and educational purposes only. Results are estimates based on the inputs you provide and standard formulas. They are not financial, tax, or legal advice. We do not store or share the numbers you enter.