Loan & Mortgage Calculator
See your monthly payment, total interest, payoff date, and a full amortization schedule.
Summary
Monthly payment–
Total interest–
Payoff date–
Includes extra payment each month.
Amortization schedule
| # | Date | Payment | Principal | Interest | Balance |
|---|
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FAQs
What formula is used?
Standard amortization: Payment = P × r / (1 − (1 + r)−n), where P is principal, r is the monthly rate, and n is total payments.
How are extra payments applied?
They reduce principal each month after the regular payment, shortening the term and lowering total interest.
Which currency is used?
Outputs are formatted in US dollars.