Amortization Calculator
Amortization Calculator
Instructions: The Amortization calculator can be used for any loan. Enter the amount of your loan, the annual interest rate, and the total number of years of the loan. Click 'Compute' and the calculator will tell you the monthly payment. Click 'Amortization Schedule' and the calculator will show you a month-by-month breakdown of how much of your payment goes to principal (amount you still owe), how much goes to interest, and how much you still owe. To clear all of the fields, click 'Reset'.

Amount of the loan ($)
Annual interest rate (%)
Total number of years
Payment Amount