Amortization Calculator
A fixed-rate loan payment stays level while the interest share falls and the principal share rises over time.
This calculator is free to use. Enable JavaScript to enter your values and see a result instantly.
How it works
A fixed-rate loan payment stays level while the interest share falls and the principal share rises over time.
Worked example
A shorter term raises the monthly payment but typically reduces total interest.
Keep in mind
Results are estimates; check the assumptions for your situation.