Amortization Calculator

Generate a yearly amortization schedule for a fixed-rate loan.

Amortization Calculator helps you build a yearly amortization table for any fixed-rate loan. Enter principal, rate, and term (years), review the breakdown, and use the guidance below to understand what the number means — and what it does not. What the Amortization calculator does Amortization Calculator is built for money decisions — loans, savings, payments, and taxes. Build a yearly amortization table for any fixed-rate loan. You enter principal, rate, and term (years), then Simple Calculators computes the result instantly. Rates, fees, and tax rules vary by lender and country, so treat results as planning numbers, not a contract. How the math works Each month, interest = remaining balance × monthly rate. The rest of the payment reduces principal. The formula: Interest = balance × (yearly rate ÷ 12). The rest of the payment (payment − interest) pays down the balance.