Loans & MortgagesTool Review

Amortization Calculator

Provided byCalculator.netcalculator.net

This amortization calculator returns monthly payment amounts as well as displays a schedule, graph, and pie chart bre...

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About this tool

What Amortization Calculator does

An amortization calculator that computes monthly payment amounts and generates a full repayment schedule. Users input a loan amount, term in years and months, and an interest rate to receive the periodic payment, total paid, and total interest. The site supplements the numbers with a detailed amortization table, a year-by-year balance graph, and a pie chart breaking down principal versus interest over the life of the loan. Optional extra payment fields let users model additional monthly, yearly, or one-time payments to see how those affect the schedule.

Step by step

How to use the Calculator.net Amortization Calculator

  1. 1

    Enter the loan amount in the Loan amount field.

  2. 2

    Set the loan term using the years and months dropdowns.

  3. 3

    Input the annual interest rate in the Interest rate field.

  4. 4

    Click Calculate to view the monthly payment, schedule, graph, and pie chart.

  5. 5

    Use the optional extra payment fields to model additional payments and update the results.

Is it right for you

Best for

Best for borrowers who want a clear visual breakdown of how each payment splits between principal and interest, and who may want to test the impact of extra payments on their repayment timeline.

Limitations

  • Results are based on fixed-rate assumptions and may not reflect variable loan terms.
  • The interface uses month and year selectors rather than free-text entry for the loan term.
  • Extra payment options are optional and may not cover all possible payment scenarios.
Questions

Amortization Calculator FAQ

Can I change the payment frequency from monthly to bi-weekly or weekly?
The calculator defaults to monthly payments; the material does not list alternative payment frequencies as configurable options.
What does the pie chart show?
The pie chart breaks down the total amount paid over the loan term into principal and interest portions, illustrating the proportion of each.
How do extra payments affect the amortization schedule?
Optional extra monthly, yearly, or one-time payment fields let users input additional amounts, which the calculator then incorporates into the schedule and visualizations to show updated payoff timing and interest savings.
Is the amortization schedule shown year-by-year or month-by-month?
The schedule displays individual payment months with interest, principal, and ending balance, and a separate year-by-year balance graph is also provided.
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