Amortization Calculator - Complete Loan Payment Breakdown

Overview

The Amortization Calculator is a powerful financial tool that helps you understand your loan repayment schedule in detail. Whether you're planning for a mortgage, car loan, or personal loan, this calculator breaks down each payment into principal and interest, showing how your balance decreases over time.

Key Features

✔ Loan Summary – Instantly calculates your monthly payment, total interest paid, and total repayment amount.
✔ Detailed Amortization Schedule – View every payment with a breakdown of principal vs. interest and remaining balance.
✔ Flexible Inputs – Adjust loan amount, term (years), interest rate, and start month to match your loan terms.
✔ Interactive Results – Results appear only after clicking "Calculate", ensuring accuracy before display.
✔ Reset Functionality – Clear all inputs with the "Reset" button for new calculations.

How It Works

1. Enter Loan Details – Input your loan amount, term (in years), interest rate, and start month.
2. Click "Calculate" – The tool computes your monthly payment and generates a full payment schedule.
3. Review Results – See a summary of your loan costs and a detailed amortization table showing each payment.

Why Use This Calculator?

✅ Financial Planning – Understand exactly how much interest you’ll pay over the loan term.
✅ Early Payoff Analysis – See how extra payments could reduce your total interest.
✅ Visual Clarity – The schedule highlights how payments shift from mostly interest to mostly principal over time.

Perfect for home buyers, car shoppers, and borrowers who want full transparency in their loan repayment process!