Amortization Schedule Calculator

How to Use Amortization Schedule Calculator

1. Loan Amount: $

   • Enter the total amount of the loan you have taken or plan to take.

2. Interest Rate: %

   • Input the annual interest rate as a percentage (e.g., 5 for 5%).

3. Number of Payments:

   • Enter the total number of payments you will make over the term of the loan (e.g., 360 for a 30-year mortgage with monthly payments).

4. Payment Frequency:

   • Select how often you will make payments (e.g., Monthly, Biweekly, Annually).

5. Calculate

   • After entering all the required values, click the “Calculate” button to see your periodic payment amount and the complete amortization schedule.

Example Scenarios

1. Example 1:

   • Loan Amount: $200,000

   • Interest Rate: 5%

   • Number of Payments: 360 (30 years)

   • Payment Frequency: Monthly

   • Result: The calculator will show your monthly payment amount and a detailed amortization schedule.

2. Example 2:

   • Loan Amount: $100,000

   • Interest Rate: 4%

   • Number of Payments: 240 (20 years)

   • Payment Frequency: Quarterly

   • Result: The calculator will show your quarterly payment amount and a detailed amortization schedule.