Free online amortization schedule calculator. Enter loan amount, annual interest rate, and term to generate a detailed repayment schedule. Supports equal installment and equal principal methods. Essential for mortgage and auto loans. | No sign-up · Data never leaves your device
Zero Dependencies · Works OfflineEnter loan amount, annual rate, and term to view the detailed repayment schedule
Enter loan amount, annual rate, and term to view the detailed repayment schedule
Equal Installment: Fixed monthly payment, higher interest portion early on. Total interest is higher but cash flow is predictable. Equal Principal: Fixed principal payment each month, decreasing interest. Lower total interest but higher initial payments.
Under equal installment, early repayment saves more interest since interest is front-loaded. Under equal principal, savings are smaller since interest decreases over time. Early repayment in the first 1/3 of the term gives the best ROI.
This calculator only computes principal and interest. It excludes origination fees, insurance, appraisal, and other charges. Actual monthly payments may be slightly higher. Refer to your bank's final approval.