Free Amortization Calculator

free amortization calculator
Mortgage & Real Estate

Amortization Calculator

See how each loan payment is split between principal and interest over time.

Enter Your Details

Formula

$$I_t = B_{t-1}\cdot r,\qquad P_t = M - I_t,\qquad B_t = B_{t-1} - P_t$$
Where
I_tinterest in month t
P_tprincipal in month t
B_tremaining balance
Mfixed monthly payment
rmonthly interest rate
tmonth index

Related Calculators

About Tariq

Tariq writes simple, practical guides on personal finance, loans, credit, and money management at QuickGuideSpace — helping readers understand debt, borrowing, and everyday money decisions without the jargon.

View all posts by Tariq →

Leave a Reply

Your email address will not be published. Required fields are marked *