Amortization Calculator
Generate a full amortization schedule and see how extra monthly, yearly, or one-time payments affect payoff and interest.
Monthly payment
₹ 0.00
Loan amount
₹ 0.00
Total interest
₹ 0.00
Total paid
₹ 0.00
First payment
—
Payoff date
—
Total principal paid
₹ 0.00
Additional monthly
—
| S.No | Date | Payment | Principal | Interest | Remaining balance |
|---|
How to Use This Calculator
- Enter loan amount, loan term, interest rate, and loan start date.
- Optionally expand Optional: Make extra payments to add monthly, yearly, or one-time principal payments.
- Click Calculate to update monthly payment details, breakdown chart, and amortization schedule.
Frequently Asked Questions
How does extra monthly payment affect the schedule?
Each extra dollar reduces principal faster, shortening payoff and lowering total interest in this model.
Does the schedule include escrow or PMI?
No. Only principal and interest on the loan amount you enter are shown.
Why does payoff months not change when I add extra payment?
Ensure you clicked Calculate after editing fields; blank optional payment fields are treated as zero.
