Loan Amortization Calculator

Payments, payoff schedule, extra payments and loan comparison

kewocorp.com
1

Loan

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Loan amount
Interest rate, yearly
Term
Payment
More loan terms

2

Extra payments

optional
One-time payments
MonthAmount

Extra payments go to principal. They shorten the loan; the regular payment stays the same.

3

Fees, taxes and insurance

optional
Home loan costs

Points and fees raise the APR. Taxes, insurance, HOA dues and PMI are added to the payment but are not part of the loan.

4

Compare

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Same payment frequency, first payment date and extra payments as the first loan. For a refinance, enter the current loan above (its remaining balance, rate and remaining term) and the new loan here.

Report details

    Balance owed

    Payments by year

    Amortization schedule

    Basis of the numbers

    The payment is the level amount that repays the loan over the term at the periodic rate: P × r ÷ (1 − (1 + r)−n), with r the rate per payment and n the number of payments; with payments at the start of each period it is divided by (1 + r). Each period’s interest is the balance times r. Extra payments go to principal on their payment date. The last payment is adjusted so the balance ends at exactly zero.

    APR with fees is the yearly rate at which the scheduled payments repay the loan amount less points and fees; PMI is not included. Results are estimates for planning, not a loan offer or financial advice; a lender’s figures can differ because of rounding, day counts and fees.

    Estimates for planning only, not financial advice. Example values are illustrative. Nothing you enter leaves this page.