📊 Amortization Calculator
Free amortization calculator for generating a payment-by-payment schedule with principal, interest, remaining balance, and yearly summaries for a fixed-rate loan.
Summary
Yearly Summary
Each row aggregates 12 payments. If the final year has fewer than 12 payments, it is shown as a partial year.
| Year | Payments | Principal Paid | Interest Paid | Total Paid | Ending Balance |
|---|
Monthly Schedule
| Payment # | Payment | Principal | Interest | Ending Balance |
|---|
Calculations use full precision and display values with 2 decimals. Total payment and total interest come from the full amortization schedule, so displayed monthly payment × number of payments can differ visibly from displayed totals.
The final payment row is adjusted to zero out the remaining balance and avoid tiny floating-point residuals. In some cases, the last payment can differ from the regular monthly payment by 0.01.
Result amounts stay in your input currency unit. Interpret the on-page values in that same currency context; this tool does not perform FX conversion or force USD/CAD labels.
Disclaimer: This tool is for educational estimation only. It is not a loan quote, credit decision, official disclosure, or financial/legal/tax advice. Results depend on your inputs and fixed-rate, fixed-payment amortization assumptions; actual loan terms, fees, and disclosures are determined by licensed providers.
Privacy note: Calculations run locally by default. Your loan input data is not uploaded.
Free amortization calculator for generating a payment-by-payment schedule with principal, interest, and remaining balance details, plus yearly summaries. Designed for fixed-rate, fixed-payment loans for educational estimation only; no APR, quotes, recommendations, or application flow.