Loan Amortization Calculator
See the total interest, total payments, and payoff summary for any loan's amortization.
Calculate your amortization schedule
Works for any loan type — enter your own amount, rate and term.
Result
Monthly payment
0
Total interest
0
Total paid
0
Balance at halfway point
0
Formula used
Each month's payment splits between interest (on the remaining balance) and principal, gradually paying down the loan to zero.
Example: $20,000 at 8% for 48 months → payment ≈ $488.26/month, total interest ≈ $3,436.34.
How to use this calculator
- Enter Loan amount, Annual interest rate (%), Loan term (months).
- Press Calculate to see your result instantly.
FAQ
Frequently asked questions
What does 'balance at halfway point' show?
The remaining loan balance after half the scheduled payments — useful to see how much principal is left mid-way through.
Why isn't the balance exactly half the loan at the halfway point?
Early payments are interest-heavy, so principal pays down more slowly at first and faster later.
Where can I see every single month's breakdown?
The Loan EMI Calculator includes a full expandable amortization table.
Does extra payment change this schedule?
No — for that, use the Early Repayment Calculator.