Free Loan Amortization Calculator
View complete amortization schedules for any loan. Free, fast, and works entirely in your browser with no sign-up required.
Loan Amortization Calculator
Full amortization schedule with extra payments, balloon option, balance milestones, loan comparison, CSV export, and savings analysis.
Loan Details
Extra Payments
Balloon Payment
Balloon forces full payoff at a specific payment. Common in commercial & bridge loans.
Points & Origination
1 point = 1% of loan upfront, typically lowers rate by ~0.25%. Factor these into total cost when comparing loans.
Monthly Payment
$1,580.17
Total Interest
$318,861
Total Cost
$568,861
Payoff Date
Jun 2056
360 payments
Payment Allocation Over Time
Amortization Schedule
| # | Date | Payment | Principal | Interest | Balance |
|---|---|---|---|---|---|
| 1 | Jul 2026 | $1,580.17 | $226.00 | $1,354.17 | $249,774 |
| 2 | Aug 2026 | $1,580.17 | $227.23 | $1,352.94 | $249,547 |
| 3 | Sep 2026 | $1,580.17 | $228.46 | $1,351.71 | $249,318 |
| 4 | Oct 2026 | $1,580.17 | $229.70 | $1,350.47 | $249,089 |
| 5 | Nov 2026 | $1,580.17 | $230.94 | $1,349.23 | $248,858 |
| 6 | Dec 2026 | $1,580.17 | $232.19 | $1,347.98 | $248,625 |
| 7 | Jan 2027 | $1,580.17 | $233.45 | $1,346.72 | $248,392 |
| 8 | Feb 2027 | $1,580.17 | $234.71 | $1,345.46 | $248,157 |
| 9 | Mar 2027 | $1,580.17 | $235.98 | $1,344.19 | $247,921 |
| 10 | Apr 2027 | $1,580.17 | $237.26 | $1,342.91 | $247,684 |
| 11 | May 2027 | $1,580.17 | $238.55 | $1,341.62 | $247,446 |
| 12 | Jun 2027 | $1,580.17 | $239.84 | $1,340.33 | $247,206 |
Extra Payments
Even $50–100/month extra can save years of payments and thousands in interest.
Biweekly vs Monthly
Biweekly = 26 half-payments = 13 full payments/year. Pays off a 30yr loan in ~25 years.
Balloon Loans
Lower early payments with a large lump sum due at end. Common in commercial real estate.
Points
1 discount point = 1% of loan, lowers rate ~0.25%. Break-even is typically 3–5 years.
Frequently Asked Questions
What is the Loan Amortization Calculator?
The Loan Amortization Calculator is a free online tool that generates complete payment schedules showing how each loan payment splits between principal and interest.
Is the Loan Amortization Calculator free?
Yes, it is completely free with no registration required. All calculations happen client-side in your browser.
What does the amortization schedule show?
The schedule shows each payment date, payment amount, principal portion, interest portion, and remaining balance for the entire loan term.
Is my data safe with this tool?
Absolutely. The Loan Amortization Calculator processes everything client-side in your browser. No data is uploaded to or stored on any server. Your content remains private on your device at all times.
Does the Loan Amortization Calculator work on mobile devices?
Yes, the Loan Amortization Calculator is fully responsive and works on smartphones and tablets. You can use it on any device with a modern web browser -- no app download required.
Do I need to create an account to use this tool?
No account or registration is needed. Simply open the Loan Amortization Calculator in your browser and start using it immediately. There are no sign-up walls or usage restrictions.
How accurate are the calculations?
The Loan Amortization Calculator uses industry-standard formulas and algorithms to ensure accurate results. However, for critical financial or medical decisions, always consult a qualified professional.
How do I use the Loan Amortization Calculator?
Simply enter your input in the provided field, adjust any settings to your preference, and the tool will process it instantly. You can then copy the result to your clipboard or download it.
Which browsers are supported?
The Loan Amortization Calculator works in all modern browsers including Chrome, Firefox, Safari, Edge, and Opera. For the best experience, use the latest version of your preferred browser.
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About Free Loan Amortization Calculator
Free Loan Amortization Calculator is a free, browser-based tool in our Calculator Tools collection. Everything runs locally on your device — no uploads, no sign-up, and your data stays private.