How this calculator works
An amortizing loan spreads repayment across equal monthly payments. Each payment covers both interest and principal, with more interest paid earlier in the term and more principal paid later.
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Amortization Calculator
Free amortization calculator to estimate fixed monthly loan payments, total repayment, and total interest over time.
Instant result
Monthly payment
$489.15
Loan amount$25,000.00
Total paid$29,349.22
Total interest$4,349.22
This estimate shows the payment for a standard fixed-rate amortizing loan. Taxes, insurance, and fees are not included.
Calculator results are provided for planning and educational purposes. For taxes, legal decisions, lending, or medical advice, verify the numbers with an official source or qualified professional.
About this calculator
Use this amortization calculator to estimate how a fixed-rate loan is repaid over time. It is a simple way to understand monthly payment size and total interest cost before borrowing.
How to use it
- Enter the loan amount you plan to finance.
- Enter the annual interest rate.
- Choose the loan term in years.
- Review the monthly payment, total paid, and total interest estimate.
Example
A longer loan term can reduce the monthly payment but may increase the total interest paid over time.
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Amortization Calculator formula
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How to use this calculator
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Use cases and scenarios
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Amortization Calculator for $12,500 loan amount
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Amortization Calculator for $25,000 loan amount
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Amortization Calculator for $50,000 loan amount
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Frequently asked questions
What is amortization?
Amortization is the gradual repayment of a loan through scheduled payments over time.
Does this include taxes or insurance?
No. This simplified payment estimate focuses on principal and interest only.
Is this useful for car loans and personal loans?
Yes. It works well for many standard fixed-rate installment loans.