Loan Amortization Calculator

Loan Amortization Calculator – Apex Calculator

Enter your loan details (amount, annual interest rate, and term in years). This calculator will show both the monthly payment and a complete amortization schedule, detailing how each payment is split between interest and principal over time.

Loan Amount ($)

Interest Rate (APR %)

Term (Years)

$0.00 Monthly Payment

EMBED THIS CALCULATOR ON YOUR WEBSITE

<iframe src="https://apexcalculator.com/loan-amortization-calculator" width="100%" height="600" frameborder="0"></iframe>

About Our Free Loan Amortization Calculator

This Loan Amortization Calculator quickly computes your monthly payment (using the standard loan formula) and then displays a detailed amortization schedule, showing how each payment is divided between **interest** and **principal**, plus the remaining balance after each payment. Perfect for personal loans, auto loans, or short- to mid-term financing.

How It Works (Simplified):

Monthly Payment: Uses the formula M = P [ i(1 + i)^n ] / [ (1 + i)^n - 1 ], where P is the loan amount, i is the monthly interest rate, and n is the total number of monthly payments.
Amortization Schedule: Iteratively calculates how much of each payment goes to interest (currentBalance * monthlyInterestRate) and principal (remainder of payment), then updates the balance.

Feel free to embed this tool using the iframe code above, or explore more construction, finance, and home-improvement calculators at Apex Calculator.