Amortization Calculator

Amortization Calculator

Loan Amount:
Annual Interest Rate:
Length of Loan (in years):
Down Payment (%):
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Amortization Formula:

Principal = Payment * ( ( 1 - ( ( 1 / ( 1 + Periodic Interest Rate ) ) ^ Number of Payments ) ) / Periodic Interest Rate )

Amortization Definition

The free online Amortization Calculator is a quick way to calculate loan amortizations with ease. Simply enter in the loan interest rate (annual), length of the loan (in years), the loan down payment, and the total loan amount.

How to Calculate Amortization

Let's be honest - sometimes the best amortization calculator is the one that is easy to use and doesn't require us to even know what the amortization formula is in the first place! But if you want to know the exact formula for calculating amortization then please check out the "Formula" box above.

Add a Free Amortization Calculator Widget to Your Site!

You can get a free online amortization calculator for your website and you don't even have to download the amortization calculator - you can just copy and paste! The amortization calculator exactly as you see it above is 100% free for you to use. If you want to customize the colors, size, and more to better fit your site, then pricing starts at just $29.99 for a one time purchase. Click the "Customize" button above to learn more!