Loan Amortization Calculator
Estimate fixed monthly loan payments.
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Estimate loan amortization
A fixed-rate amortizing loan uses equal monthly payments that cover interest and gradually reduce principal. Enter loan amount, annual interest rate and loan years to estimate monthly payment, total interest and total paid. It is useful for mortgages, auto loans, personal loans and debt planning.
Fixed-rate payment math
The estimate assumes one fixed interest rate, monthly payments and no extra principal payments.
Frequently asked questions
Does this show a full month-by-month table?
No. This compact tool shows the main payment totals.
Can I use it for a mortgage?
Yes. It calculates principal and interest, but not taxes or insurance.
What if the interest rate is zero?
The calculator divides the principal evenly across the loan months.