Try the Amortization Calculator
See exactly how each payment splits between principal and interest over the life of your loan.
- Free to use
- No signup
- Nothing to install
- Runs in your browser
Illustration. Open the tool for the real thing.
See it in action
The Amortization Calculator with sample data entered and the result showing.
What is the Amortization Calculator?
See exactly how each payment splits between principal and interest over the life of your loan.
Fill in the fields and the page works out the result for you.
3 steps to your result
Open the tool and follow along. Nothing to install.
What you get
Loan Amount ($), Interest Rate (%), Loan Term (Years)
Total of All Payments, Total Interest Paid, Loan Term, Interest as % of Loan.
Part of the Mortgage & Real Estate group of AZRS calculators.
AZRS tools are free to open and use.
It opens in your browser, so there is nothing to download.
Used for
Pick one to see how it fits.
Planning
See exactly how each payment splits between principal and interest over the life of your loan.
Try it freeHow it compares
A plain look at this tool next to the usual alternative.
| This calculator | Desktop software | |
|---|---|---|
| Install | Nothing to install | Usually an app or program to install |
| Account | No signup | Depends on the product |
| Cost | Free to use | Free or paid, depends on the product |
| Where it runs | In your browser tab | On your computer |
Questions people ask
What does the Amortization Calculator do?
See exactly how each payment splits between principal and interest over the life of your loan.
Which formula does it use?
The page lists the formula as M = P × [r(1+r)ⁿ] ÷ [(1+r)ⁿ − 1].
What does it assume?
Fixed-rate amortization assuming no extra payments.
Is the result financial advice?
No. It is an estimate to help you plan. Check important decisions with a qualified professional.
Do I need an account to use the Amortization Calculator?
No. Open the page and enter your numbers.
More free tools
Related to the Amortization Calculator.
Try the Amortization Calculator now
See exactly how each payment splits between principal and interest over the life of your. Free to use.
Try it free