Loan Calculator (Amortization)
Calculate monthly loan payments and view a full amortization schedule. A loan amortization calculator shows your monthly payment and a schedule of how the balance declines over time. It’s helpful for personal loans, auto loans, and any fixed-rate installment loan.
Inputs
$
%
$
Summary
Monthly payment$500.95
Total interest$5,056.92
Total paid$30,056.92
Payoff dateDec 13, 2030
Showing the first 24 payments below (expand for full schedule).
This assumes a fixed interest rate for the full term.
Amortization schedule
| # | Date | Payment | Principal | Interest | Balance |
|---|---|---|---|---|---|
| 1 | Jan 2026 | $500.95 | $344.70 | $156.25 | $24,655.30 |
| 2 | Feb 2026 | $500.95 | $346.85 | $154.10 | $24,308.45 |
| 3 | Mar 2026 | $500.95 | $349.02 | $151.93 | $23,959.43 |
| 4 | Apr 2026 | $500.95 | $351.20 | $149.75 | $23,608.22 |
| 5 | May 2026 | $500.95 | $353.40 | $147.55 | $23,254.83 |
| 6 | Jun 2026 | $500.95 | $355.61 | $145.34 | $22,899.22 |
| 7 | Jul 2026 | $500.95 | $357.83 | $143.12 | $22,541.39 |
| 8 | Aug 2026 | $500.95 | $360.07 | $140.88 | $22,181.33 |
| 9 | Sep 2026 | $500.95 | $362.32 | $138.63 | $21,819.01 |
| 10 | Oct 2026 | $500.95 | $364.58 | $136.37 | $21,454.43 |
| 11 | Nov 2026 | $500.95 | $366.86 | $134.09 | $21,087.57 |
| 12 | Dec 2026 | $500.95 | $369.15 | $131.80 | $20,718.42 |
| 13 | Jan 2027 | $500.95 | $371.46 | $129.49 | $20,346.96 |
| 14 | Feb 2027 | $500.95 | $373.78 | $127.17 | $19,973.18 |
| 15 | Mar 2027 | $500.95 | $376.12 | $124.83 | $19,597.07 |
| 16 | Apr 2027 | $500.95 | $378.47 | $122.48 | $19,218.60 |
| 17 | May 2027 | $500.95 | $380.83 | $120.12 | $18,837.77 |
| 18 | Jun 2027 | $500.95 | $383.21 | $117.74 | $18,454.56 |
| 19 | Jul 2027 | $500.95 | $385.61 | $115.34 | $18,068.95 |
| 20 | Aug 2027 | $500.95 | $388.02 | $112.93 | $17,680.93 |
| 21 | Sep 2027 | $500.95 | $390.44 | $110.51 | $17,290.49 |
| 22 | Oct 2027 | $500.95 | $392.88 | $108.07 | $16,897.60 |
| 23 | Nov 2027 | $500.95 | $395.34 | $105.61 | $16,502.27 |
| 24 | Dec 2027 | $500.95 | $397.81 | $103.14 | $16,104.46 |
Show full schedule (60 rows)
| # | Date | Payment | Principal | Interest | Balance |
|---|---|---|---|---|---|
| 1 | Jan 2026 | $500.95 | $344.70 | $156.25 | $24,655.30 |
| 2 | Feb 2026 | $500.95 | $346.85 | $154.10 | $24,308.45 |
| 3 | Mar 2026 | $500.95 | $349.02 | $151.93 | $23,959.43 |
| 4 | Apr 2026 | $500.95 | $351.20 | $149.75 | $23,608.22 |
| 5 | May 2026 | $500.95 | $353.40 | $147.55 | $23,254.83 |
| 6 | Jun 2026 | $500.95 | $355.61 | $145.34 | $22,899.22 |
| 7 | Jul 2026 | $500.95 | $357.83 | $143.12 | $22,541.39 |
| 8 | Aug 2026 | $500.95 | $360.07 | $140.88 | $22,181.33 |
| 9 | Sep 2026 | $500.95 | $362.32 | $138.63 | $21,819.01 |
| 10 | Oct 2026 | $500.95 | $364.58 | $136.37 | $21,454.43 |
| 11 | Nov 2026 | $500.95 | $366.86 | $134.09 | $21,087.57 |
| 12 | Dec 2026 | $500.95 | $369.15 | $131.80 | $20,718.42 |
| 13 | Jan 2027 | $500.95 | $371.46 | $129.49 | $20,346.96 |
| 14 | Feb 2027 | $500.95 | $373.78 | $127.17 | $19,973.18 |
| 15 | Mar 2027 | $500.95 | $376.12 | $124.83 | $19,597.07 |
| 16 | Apr 2027 | $500.95 | $378.47 | $122.48 | $19,218.60 |
| 17 | May 2027 | $500.95 | $380.83 | $120.12 | $18,837.77 |
| 18 | Jun 2027 | $500.95 | $383.21 | $117.74 | $18,454.56 |
| 19 | Jul 2027 | $500.95 | $385.61 | $115.34 | $18,068.95 |
| 20 | Aug 2027 | $500.95 | $388.02 | $112.93 | $17,680.93 |
| 21 | Sep 2027 | $500.95 | $390.44 | $110.51 | $17,290.49 |
| 22 | Oct 2027 | $500.95 | $392.88 | $108.07 | $16,897.60 |
| 23 | Nov 2027 | $500.95 | $395.34 | $105.61 | $16,502.27 |
| 24 | Dec 2027 | $500.95 | $397.81 | $103.14 | $16,104.46 |
| 25 | Jan 2028 | $500.95 | $400.30 | $100.65 | $15,704.16 |
| 26 | Feb 2028 | $500.95 | $402.80 | $98.15 | $15,301.36 |
| 27 | Mar 2028 | $500.95 | $405.32 | $95.63 | $14,896.05 |
| 28 | Apr 2028 | $500.95 | $407.85 | $93.10 | $14,488.20 |
| 29 | May 2028 | $500.95 | $410.40 | $90.55 | $14,077.80 |
| 30 | Jun 2028 | $500.95 | $412.96 | $87.99 | $13,664.84 |
| 31 | Jul 2028 | $500.95 | $415.54 | $85.41 | $13,249.30 |
| 32 | Aug 2028 | $500.95 | $418.14 | $82.81 | $12,831.15 |
| 33 | Sep 2028 | $500.95 | $420.75 | $80.19 | $12,410.40 |
| 34 | Oct 2028 | $500.95 | $423.38 | $77.57 | $11,987.02 |
| 35 | Nov 2028 | $500.95 | $426.03 | $74.92 | $11,560.99 |
| 36 | Dec 2028 | $500.95 | $428.69 | $72.26 | $11,132.29 |
| 37 | Jan 2029 | $500.95 | $431.37 | $69.58 | $10,700.92 |
| 38 | Feb 2029 | $500.95 | $434.07 | $66.88 | $10,266.85 |
| 39 | Mar 2029 | $500.95 | $436.78 | $64.17 | $9,830.07 |
| 40 | Apr 2029 | $500.95 | $439.51 | $61.44 | $9,390.56 |
| 41 | May 2029 | $500.95 | $442.26 | $58.69 | $8,948.31 |
| 42 | Jun 2029 | $500.95 | $445.02 | $55.93 | $8,503.28 |
| 43 | Jul 2029 | $500.95 | $447.80 | $53.15 | $8,055.48 |
| 44 | Aug 2029 | $500.95 | $450.60 | $50.35 | $7,604.88 |
| 45 | Sep 2029 | $500.95 | $453.42 | $47.53 | $7,151.46 |
| 46 | Oct 2029 | $500.95 | $456.25 | $44.70 | $6,695.21 |
| 47 | Nov 2029 | $500.95 | $459.10 | $41.85 | $6,236.10 |
| 48 | Dec 2029 | $500.95 | $461.97 | $38.98 | $5,774.13 |
| 49 | Jan 2030 | $500.95 | $464.86 | $36.09 | $5,309.27 |
| 50 | Feb 2030 | $500.95 | $467.77 | $33.18 | $4,841.51 |
| 51 | Mar 2030 | $500.95 | $470.69 | $30.26 | $4,370.82 |
| 52 | Apr 2030 | $500.95 | $473.63 | $27.32 | $3,897.18 |
| 53 | May 2030 | $500.95 | $476.59 | $24.36 | $3,420.59 |
| 54 | Jun 2030 | $500.95 | $479.57 | $21.38 | $2,941.02 |
| 55 | Jul 2030 | $500.95 | $482.57 | $18.38 | $2,458.46 |
| 56 | Aug 2030 | $500.95 | $485.58 | $15.37 | $1,972.87 |
| 57 | Sep 2030 | $500.95 | $488.62 | $12.33 | $1,484.25 |
| 58 | Oct 2030 | $500.95 | $491.67 | $9.28 | $992.58 |
| 59 | Nov 2030 | $500.95 | $494.75 | $6.20 | $497.84 |
| 60 | Dec 2030 | $500.95 | $497.84 | $3.11 | $0.00 |
How to use it
- Enter loan amount, interest rate, and term.
- Optionally set a start date and extra monthly payment.
- Review monthly payment, total interest, and payoff date.
- Scroll the amortization schedule for month-by-month details.
Key formulas
- Monthly payment
- Payment = P × r × (1 + r)^n / ((1 + r)^n − 1), where r = APR/12 and n = months
FAQ
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Disclaimer
Estimates only. Lenders may use different compounding conventions, rounding, and fee structures. Confirm details with your lender.