Amortization Calculator

This calculator will compute monthly payment amounts based on the principal amount borrowed, the length of the loan and the annual interest rate. Once you have computed the monthly payment, click on the "Create Amortization Schedule" button to create a report you can print. Note: each time you change a variable you must compute the monthly payment before creating the Amortization Schedule.

Do not enter any non-numeric characters (commas, dollar signs, etc.) except decimal points in the entry fields. This will cause an error.

Loan Amount: $

Annual interest rate: %

Term of the loan in months:

Compounding Interval:

Loan Start Date:

This is the amount of your monthly payment: $