Amortization Calculator

Use our handy and simple online calculator to estimate how much principal and interest you will pay

Select the App

How to use Amortization Calculator

Step 1

Launch one of our applications by clicking on the button above the gray box at the top of the page

Step 2

Use the application following the instructions indicated inside, make all the necessary calculations

Step 3

If for some reason you do not like the application, try others by clicking on other buttons, they have slight differences

What is Amortization, why and how it is calculated and who needs to do it

Your amortization schedule shows the mortgage amount that you use each month for principal and interest. The depreciation calculator is useful for understanding the long-term costs of a fixed-rate mortgage, as it shows the total amount of principal you will pay over the life of the loan. The calculator calculates the loan repayment amount based on different repayment intervals-depending on the principal, the loan term, and the annual interest rate.

Here we will create a loan amortization schedule. The depreciation schedule shows how each payment is distributed over time and sent to the loan. To make a schedule, we must first understand how to calculate all the details. A depreciation schedule (sometimes called a depreciation table) is a table that lists in detail each fixed-term payment on a amortized loan.

This loan calculator, also known as the depreciation schedule calculator, allows you to estimate the monthly loan payment. The depreciation schedule shows the principal amount and the amount of interest you pay over time. Amortised loan payments first repay the corresponding interest expense for that period, and then use the remaining payments to reduce the principal. The depreciation calculator also provides a detailed depreciation schedule that breaks down payments into interest and principal in senior reports.

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