Loan Amortization Calculator
Calculate your loan payments and see the amortization schedule.
Track how your loan balance decreases over time and understand the breakdown between principal and interest payments.
Understanding Loan Terms
Principal
The initial amount borrowed
Interest Rate
Annual rate charged on the loan
Loan Term
Total time to repay the loan
Loan Tips
- • Make extra payments to reduce interest
- • Check for prepayment penalties
- • Consider bi-weekly payments
- • Compare different loan terms
- • Watch for variable rates
- • Keep track of your amortization