Amortization Chart & Printable Schedule

Currently the Amortization Schedule Calculator is the most popular financial calculator on this website. It calculates one of four unknowns or you can provide all the values. You are also in control of the loan and first payment dates. More below...»

- Calculate tax benefits
- Appreciated value
- User can set dates
- Extra payments

Original Size

US National Debt Calculator handles debts to $99 trillion. Amortize entire debt or your family's share of the debt (surprise!). Also, generic use for bond coupon schedules.

Need to amortize a really big debt?Important Note About Dates: This calculator allows irregular length first periods. That is, the calculator calculates the exact amount of interest due even when the initial period is shorter or longer than the other scheduled periods. This will produce interest charges that do not match other calculators. If you want to match other calculators then set the "Loan Date" and "1st Payment Date" so that they equal one full period as set in "Payment Frequency". Example: If the "Loan Date" is May 15th and the "Payment Frequency" is "Monthly", then the "1st Payment Date" should be set to June 15th, that is IF you want a conventional interest calculation. See the end of the "Help" text for some more details.

Every loan has four primary attributes or variables. (1) The loan amount, (2) the number of payments, (3) the annual interest rate and (4) the payment amount.

Enter any 3 values and zero ('0') for the unknown value. Click the [Calc] button to solve for the unknown and create a schedule.

Note: you can enter a non-zero value for all 4 variables. In that case, your inputs will be used to create the amortization schedule.

The "Loan Date" is the date the monies are advanced. It is also called the "origination date".

The "First Payment Date" is the date the first payment is due. It may be the same date as the "Loan Date" but not usually. When they are the same, this is known as "Payment-in-Advance". Leases are typically paid-in advance.

"Payment Frequency" determines how often payments are due. Monthly is the most common in the USA.

"Compounding" impacts how interest is calculated. In most cases "Compounding" should equal the "Payment Frequency".

"Points" are charged on some loans by the lender. Points are expressed as a percentage of the loan amount. A 300,000.00 loan with 2 points results in an extra fee due the lender of 6,000.00. Points are common for mortgages in the US only. Normally, you will want to leave this input set to 0.0%.

The "Amortization Method" should usually be set to "Normal". If the loan originates in "Canada" then you'll want to set this to the "Canadian" method. In some special cases loans will have only the interest paid as the regular payment or no interest at all. In that case, you can set the "Amortization Method" to accommodate those types of loans. The "Rule-of-78's" is sometimes used for car loans or other consumer loans.

To print any loan schedule, click on "Print Preview" and then "Print this schedule".

When the first period, the period of time between the "loan date" and the "first payment date" is longer than one full period, there will be interest due for the "extra days". This is known as "odd day interest". The odd day interest, with this schedule, is shown as being paid on the loan date. Example: if the "loan date" is March 24 and the "first payment date" is May 1, then there are 8 odd days of interest - March 24th to April 1st.

Conversely, if the time between the "loan date" and "first payment date" is less than the payment period set, then the first period is said to be a "short initial period" and the first payment will be reduced due to less interest being owed.

What is amortization? According to vocabulary.com, "amortization means a debt is being paid off by a series of payments". When people search for an amortization calculator, they search for it using many different search phrases. If you are searching for any of these financial calculators, this calculator should meet your needs. If it doesn't, feel free to tell me what you need in the comment area below and there is a good chance I'll be able to make a recommendation.

- amortization calculator
- amortization table
- loan amortization calculator
- loan amortization
- loan amortization schedule

loan payoff calculator. For a step-by-step example see the payoff calculation tutorial.

Don't over pay, don't under collect. If you need to track payments on the exact date they are paid (or missed) for whatever amount, then use theThis website has dozens of financial calculators that create various amortization schedules, payment schedules, withdrawal schedules and general cash flow schedules. This is a complete list of our free, online calculators. Feel free to surf!

The loan calculator, mortgage calculator and

auto loan calculator have all recently been updated.

- Supports setting dates - just like this calculator
- User controls when and how odd day interest is due
- Do "what-if" with extra payments
- User can select last month for year end totals

Is there a way to post extra payment against principle?

There is, but not with the amortization schedule. Please use the recently updated loan calculator. It now has the same features as the amortization schedule plus a few more including the ability to add a series of extra payments or a single extra payment. If you need even more flexibility, then I’ll make other suggestions.

I’m trying to figure the payoff amount to close a loan that would ordinarily run for another 3 years. The hard part comes in because my debtor paid a one time principal-only $10,000 reduction and then 5 months later paid another $5,000 to reduce the principal even further. Is there a way to enter two disparate amounts paid at these odd intervals and still come up with the correct balloon payment he needs to make to pay the loan off early?

The amortization schedule calculator is not designed for such flexibility. However this calculator can be used as a loan payoff calculator. Please scroll down the page and look at tutorial #25. I also suggest you take a look at tutorial #1 to get started.

The above-suggested calculator allows users to enter payments made on any date for any amount. Once you have reviewed the tutorials, if you have any questions, please ask.

This is a really helpful calculator. There is a down payment assistance program for first time homebuyers in San Diego. They offer a payment deferred (for 30 yrs) piggyback loan at 3% for up to 17% of the purchase price. As your calc shows, 17% of anything is pretty huge after 30 yrs of deferred payments.

Wow, I wasn’t aware of such a program. That’s too bad. Subsidies just enable the sellers to get a higher price than they would otherwise be able to get. And in addition, they expose the taxpayers to payback risks.

Karl

Love this amortization program

Can I buy this program which allows me to choose an old state date and also print the schedule. I have a Mac

Glad you like the calculator. The software I have available for download only runs on Window PCs. However, it’s not clear to me what you need to do that this calculator won’t do? (I think there’s a typo in you question.) This calculator does allow you to set any date you need back to January 1, 1970.

I want a calculator that allows me to put in the date the payment was actually made and it calculates the principal and interest split. Can you help me with that?

Thank you

Sure can. Please see this loan payoff calculator.

Above will let you enter individual or series of payments with any payment date. You can also change rates and have additional borrows if needed.

The best way for learning how to use it, I think, is to scroll down the page to the tutorials. Everyone should review tutorial #1 for orientation. Then tutorial #25 explicitly addresses your requirement.

Thank you.

Does amortization HAVE to happen only one way? For example, rather than the first payment being nearly all interest, may the first payment be nearly all principle?

No, it does not. I have had users mention that there are loans where all the interest is paid at the end. I have no first hand experience with this however.

Under the "Amortization Method" setting, you can select "Fixed Principal" and depending on other factors, the 1st payment may have a larger amount allocated to principal than to interest. But for this method, the payment amount declines. The total interest paid will be less than with the normal method.

Hi, any way to figure out what the effective amortization is?

"Effective amortization" is not a term with which I’m familiar. Can you give me an example or briefly explain what it is? Then I’ll look into it.

Can make same calculation by excel

From the "Print Preview" view, it is possible to select the entire schedule and then copy/paste it into Excel. You may have to use Excel’s "Paste Special" feature and paste it as unformatted text depending on which browser you are using.

If you want to export an amortization schedule to Excel, then the

C-Value!program has that feature. It costs $49.95 and runs on any Windows computer.