AllEasyToolsFinance
Loan amortization
Loan amortization: calculate from your inputs and inspect the formula. No account required. Processing stays in your browser.
Balanceₖ = P(1+i)ᵏ − C·[(1+i)ᵏ−1]/i
Use the same currency for all amounts. Illustration using your input rates; no taxes, fees or guaranteed returns unless explicitly entered.
How to use this calculator
- Identify the quantities and convert them to the units shown.
- Apply the formula first, then compare with the substitution and result.
- Check the assumptions and whether the order of magnitude makes sense.
Illustrative calculations, not a loan offer or a prediction. Check rates, fees, taxes and contract terms before making decisions.
A practical example
Use these sample inputs to check the calculation before entering your own values.
- Principal
- 10000
- Annual rate (%)
- 5
- Months
- 60
- Payments made
- 12
Result for this example
- Monthly payment
- 188.7123364401093
- Remaining balance
- 8194.447470184015
- Principal repaid
- 1805.5525298159846
- Interest paid
- 458.99550746532714