Loan Amortization Calculator
Calculate monthly payments and see your loan amortization schedule with principal and interest breakdown.
Financial calculations are estimates provided for planning purposes only and do not constitute financial advice. Actual results may vary based on market conditions, tax laws, and other factors. Please consult with a qualified financial advisor before making any investment decisions.
Understanding Loan Amortization
Amortization describes how your loan payments are applied to the principal balance and interest over time. In the beginning, a large portion of your payment goes toward interest. As the loan matures, more of your payment goes toward principal.
How to Use
- Loan Amount: Total amount you are borrowing.
- Interest Rate: Annual interest rate (APR).
- Loan Term: Duration of the loan in years.
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