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Calculate monthly payments, total interest, and view full amortization schedule — for any loan.
Input loan amount, annual interest rate, and term in years and months.
See your monthly payment, total payment, and total interest instantly.
Toggle the full month-by-month breakdown of principal vs interest.
Copy the summary to your clipboard.
Standard amortization formula for accurate monthly payment estimation.
Month-by-month breakdown showing principal, interest, and remaining balance.
Enter term as years + months for precision (e.g., 5 years 6 months).
See total interest paid as both a dollar amount and percentage of principal.
All calculations happen in your browser.
The standard amortizing loan formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly rate, n is number of months.
Yes — at 0% interest, the monthly payment is simply principal ÷ months.
Yes, it works for any fixed-rate amortizing loan: mortgages, auto loans, personal loans, etc.