How to Use the Loan Amortization Calculator
Enter the loan amount, interest rate and amortization period (i.e., loan tenure) to instantly calculate your monthly payment and the sum total of all payments along with break-up of the principal and interest components. A detailed (yearly + monthly) amortization schedule is also generated. You can change the start date of your amortization schedule to any date in the future or past, if desired. The interactive charts provide a visual representation of the loan repayment data. You can easily adjust the input sliders to run multiple what-if scenarios.
You can use this calculator to calculate monthly payment and amortization schedule for your home loan, auto loan or any other fully amortizing loan. If you want to factor in taxes and insurance for your mortgage loan, then you should use the mortgage calculator with taxes and insurance.