Amortization Calculator
See how a loan is paid off over time with equal monthly installments of principal and interest.
How to use
Enter loan amount, rate and term.
Formula
Monthly payment = P × r(1+r)^n / ((1+r)^n - 1)
Examples
- $200,000 at 4% for 30 years → ~$955/mo, total interest ~$143,739
Important notes
Fixed-rate assumption.
Frequently asked questions
What is amortization?
Paying off debt with regular equal payments covering principal + interest.