Calculators tool
Calculate Loan Payments and Amortization
Estimate monthly loan payments, total interest, and a payment-by-payment amortization schedule.
Inputs
Results
Simple steps
How it works
- 01
Enter principal, annual interest rate, and term.
- 02
Calculate the fixed monthly payment.
- 03
Review total interest and the amortization table.
Good to know
Frequently asked questions
What does EMI mean?
Equated monthly installment is a fixed periodic payment for a standard amortizing loan.
Are fees and taxes included?
No. The estimate uses principal, nominal annual rate, and term only.
Does the payment include interest and principal?
Yes. Each scheduled payment is divided into interest due and principal reduction.
Can I use a zero interest rate?
Yes. The payment is principal divided across the number of monthly payments.
Is this a lender quote?
No. Confirm the official payment schedule and fees with your lender.