Calculators

Free Loan & Mortgage Calculator — Amortization Schedule

Calculate your monthly loan payments, total interest, and complete amortization schedule online. Perfect for mortgages, auto loans, and personal financing.

Part of Yoopla's 445+ free browser tools.

Loan Details

How to Use Loan Calculator

  1. 1

    Enter the loan amount (principal) you want to borrow.

  2. 2

    Set the annual interest rate as a percentage.

  3. 3

    Choose the loan term in months or years.

  4. 4

    View your monthly payment, total interest, and amortization schedule.

Frequently Asked Questions

How is the monthly payment calculated?

We use the standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n – 1], where P is principal, r is monthly rate, and n is total payments.

Can I see an amortization schedule?

Yes. The calculator shows a full breakdown of each payment split into principal and interest over the entire loan term.

Does this work for mortgages?

Yes. This loan calculator works for mortgages, auto loans, personal loans, and any fixed-rate amortized loan.

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Free Loan & Mortgage Calculator — Amortization Schedule | Yoopla