Finance
Loan Amortization Calculator
Visualize loan payoff with an amortization schedule that highlights remaining balance, interest, and principal per payment.
See payment split, remaining balance, and payoff timing with optional extra payments.
First 12 payments
| # | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $1,583.99 | $251.49 | $1,332.50 | $259,748.51 |
| 2 | $1,583.99 | $252.78 | $1,331.21 | $259,495.72 |
| 3 | $1,583.99 | $254.08 | $1,329.92 | $259,241.65 |
| 4 | $1,583.99 | $255.38 | $1,328.61 | $258,986.27 |
| 5 | $1,583.99 | $256.69 | $1,327.30 | $258,729.58 |
| 6 | $1,583.99 | $258.00 | $1,325.99 | $258,471.57 |
| 7 | $1,583.99 | $259.33 | $1,324.67 | $258,212.25 |
| 8 | $1,583.99 | $260.66 | $1,323.34 | $257,951.59 |
| 9 | $1,583.99 | $261.99 | $1,322.00 | $257,689.60 |
| 10 | $1,583.99 | $263.33 | $1,320.66 | $257,426.27 |
| 11 | $1,583.99 | $264.68 | $1,319.31 | $257,161.58 |
| 12 | $1,583.99 | $266.04 | $1,317.95 | $256,895.54 |
Schedule shortened to the first 12 payments for quick scanning.
Amortization payment
Monthly payment follows the standard loan formula using the APR and number of periods. Each payment is split between interest (rate × balance) and principal (payment − interest).
How to use
- Enter the loan amount, APR, and term in years.
- Optionally add extra monthly payments to see accelerated payoff.
- Review the summary plus the first 12 schedule rows to understand how payments amortize over time.
Example
Input: Loan = $260,000, APR = 6.15%, Term = 30 years, Extra = $150
Output: Monthly payment ≈ $1,581, Total interest ≈ $307k, Payoff shortened by ≈ 4.2 years with extra payments
Student-friendly breakdown
This walkthrough emphasizes the most searched ideas for Loan Amortization Calculator: loan amortization calculator, amortization schedule calculator, extra payment mortgage calculator, loan amortization table excel. Start with the formula above, then follow the guided steps to double-check your work. For quick revision, highlight the givens, plug into the equation, and finish by verifying your units.
Need more support? Use the links below to open the long-form guide, browse additional examples, or hop into adjacent calculators within the same topic. Each resource is interlinked so crawlers (and readers) can discover the next best action within a couple of clicks—one of the easiest ways to lift topical authority.
Deep dive & study plan
The Loan Amortization Calculator is a go-to tool whenever you need to generates amortization schedules and payment breakdowns.. It focuses on amortization, loan schedule, payment breakdown, which means searchers often arrive with intent-heavy queries like “how to loan amortization calculator quickly” or “loan amortization calculator formula explained.” Use this calculator to capture those intents and keep learners on the page long enough to send positive engagement signals.
Under the hood, the calculator leans on monthly payment follows the standard loan formula using the apr and number of periods. each payment is split between interest (rate × balance) and principal (payment − interest).—that’s why we surface the full expression (“Loan Amortization Calculator”) directly above the interactive widget. When you embed that formula inside H2s or supporting paragraphs, you help both humans and crawlers understand what entity the page represents.
Execution matters as much as the math. Follow the built-in procedure: Step 1: Enter the loan amount, APR, and term in years. Step 2: Optionally add extra monthly payments to see accelerated payoff. Step 3: Review the summary plus the first 12 schedule rows to understand how payments amortize over time.. Each numbered instruction is short enough to scan on mobile but descriptive enough to satisfy Google’s Helpful Content guidelines. Encourage students to jot down units, double-check signs, and compare answers with the Example card to build confidence.
The Example section itself is packed with semantic clues: “Loan = $260,000, APR = 6.15%, Term = 30 years, Extra = $150” leading to “Monthly payment ≈ $1,581, Total interest ≈ $307k, Payoff shortened by ≈ 4.2 years with extra payments.” Pepper similar narratives throughout your copy (and internal links from related guides) so canonical search intents are answered without pogo-sticking back to Google.
Quick retention checklist
- Speak the formula aloud (or annotate it) so the relationships stick.
- Write each step in your own words and compare with the numbered list above.
- Swap in new numbers for the Example to make sure the calculator (and your logic) handles edge cases.
- Link out to at least two related calculators to keep readers exploring your topical hub.
FAQ & notes
Can I export the full schedule?
Copy the rendered table into your spreadsheet—the full amortization data is available via DevTools or by extending the component to surface a CSV download.
How are extra payments applied?
Extra payments go directly to principal each month, reducing the balance before the next interest calculation.
What formula does the Loan Amortization Calculator use?
Monthly payment follows the standard loan formula using the APR and number of periods. Each payment is split between interest (rate × balance) and principal (payment − interest).
How do I use the Loan Amortization Calculator?
Enter the loan amount, APR, and term in years. Optionally add extra monthly payments to see accelerated payoff. Review the summary plus the first 12 schedule rows to understand how payments amortize over time.