Loan Amortization

Generate a full loan amortization schedule showing every payment's principal, interest, and remaining balance. Free calculator, instant results.

Results

Monthly Payment

$1,342.05

Notes

Visualization tab shows the full amortization schedule.

How this calculator works

Generate a full loan amortization schedule showing every payment's principal, interest, and remaining balance. Free calculator, instant results.

Formula

M = P[r(1+r)^n] / [(1+r)^n − 1], where P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments.

Worked example

A $250,000 loan at 5% for 30 years (360 payments) has a monthly payment of $1,342.05.

Notes

Visualization tab shows the full amortization schedule.

Inputs

  • Loan Amount ($)
  • Interest Rate (%)
  • Loan Term (years)

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