Mortgage, auto & personal loan payments with full amortization.
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This calculator works for mortgages, auto loans, student loans and personal loans. Enter the amount, rate and term to get your monthly payment, total interest, payoff date and a full amortization schedule — and model how extra monthly payments can save you thousands and shave years off the loan.
Add an extra monthly amount and instantly see the interest saved and time cut.
View the breakdown year-by-year or month-by-month, with running balance.
A clear chart shows how much of your total goes to interest.
Switch between USD, EUR, GBP, JPY, INR, AUD and CAD.
A fixed-rate loan uses the standard amortization formula. Early on, most of each payment is interest; over time the balance shrinks and more goes to principal. Paying a little extra each month attacks the principal directly, which is why even small extra payments can dramatically reduce total interest.
Yes — mortgage, auto, personal or student. Just enter the amount, annual rate and term.
Often a lot. Enter an extra amount to see the exact interest saved and how many months earlier you'd be debt-free.
No — it's an estimate to help you plan. Confirm exact figures with your lender, as fees and compounding can vary.