Amortization Calculator
Generate a loan amortization schedule showing principal, interest, and balance per month.
About this calculator
The Amortization Calculator on NumberCals is a free, mobile-friendly tool for anyone needing to generate a loan amortization schedule showing principal, interest, and balance per month. Enter your values in the form below and the result is computed instantly — no sign-up, no installation, no waiting.
Formula used
Monthly Payment = P · r(1+r)^n / [(1+r)^n − 1]
What you'll need
- Loan Amount (e.g. 300000)
- Annual Interest Rate (%) (e.g. 6.5)
- Loan Term (years) (e.g. 30)
What you'll get
- Monthly Payment
- Total Interest
- First Year Schedule
Formula
Monthly Payment = P · r(1+r)^n / [(1+r)^n − 1]
Result
Frequently Asked Questions
What is amortization? +
The process of paying off a loan via regular payments where each payment covers interest first, then principal — gradually shifting toward more principal over time.
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