Loan Amortization Calculator
Visualize your path to debt-free living. See exactly where every dollar of your payment goes.
Last Updated: March 1, 2025
# What is Loan Amortization Calculator?
An Amortization Calculator creates a schedule showing the principal and interest portion of each payment over the life of a loan.
# How Does Loan Amortization Calculator Work?
- 1Input the Loan Amount.
- 2Enter the Interest Rate.
- 3Set the Loan Term in years.
- 4View the complete month-by-month payment schedule.
# Common Use Cases
Understanding mortgage pay-down.
Planning to pay off a car loan early.
Tax planning for deductible interest.
# Why Use This Tool?
Transparency: No hidden costs or complex math.
Visuals: Pie chart breakdown of Principal vs Interest.
Planning: See how much interest you can save by paying early.
# Frequently Asked Questions
What is amortization?▼
It is the process of spreading out a loan into a series of fixed payments over time.
Why is interest higher at the start?▼
Interest is calculated on the remaining balance, which is highest at the beginning of the loan.
Last updated: March 2025 • v2.1.0 • Privacy First • Secure & Encrypted