Free loan amortization schedule

Author: a | 2025-04-24

Download FREE Loan Amortization Schedule Excel Templates. Benefits of using Loan Amortization Schedule Calculator. Using a Loan Amortization schedule offers

Loan Amortization Schedule - Loan Amortization Calculator

The following are some of the best and most popular amortization schedule software applications, and websites that offer web-based amortization schedule tools on the Internet.Bankrate.com ( has an amortization schedule calculator that calculates your monthly mortgage payment and shows you the impact of extra mortgage payments on your loan and creates an amortization table. You have to enter the mortgage amount, mortgage term, interest rate, mortgage start date and monthly payments in the input boxes before your amortization schedule can be generated. Loanamortizer.com is a loan amortization and loan management software website. It offers a downloadable evaluation product called LoanAmortizer ( The application utilizes features such as drop-down menus to enter details such as amortization method, contract date and interest rate types to calculate amortization schedules. Math.about.com has an Amortization calculator ( for computing your mortgage when you enter anticipated amount of house, amount of down payment, anticipated interest rate, anticipated length of loan, in years, and start date of loan – a very friendly interface which is quite easy to use.Pine-grove.com has a calculator called "Flexible Amortization Schedule". "Flexible" because any attribute can be adjusted according to one's wish. For example, rates can be adjusted to create ARMs, change payment amounts or skip payments; and the amortization can be copied and printed. Evaluation copies of their Amortization Schedule products - AmortizeIT ( and SolveIT ( - can be downloaded for free. HSH Associates ( a consumer loan information website, features an amortization calculator to generate an amortization schedule (by month or by year) as well the monthly payment for a mortgage paid either monthly or bi-weekly. It is also capable of demonstrating the effects of prepaying your mortgage on an irregular or regular basis. There is also a JavaScript version available.

Loan Amortization Calculator With Amortization Schedules

What Is An Amortization Schedule? An amortization schedule is a table that shows homeowners how much money they will pay in principal (starting amount of the loan) and in interest over time. It shows the regular payment on your mortgage over the years and each payment is applied to the principal balance and interest. An amortization schedule calculator can help you: Determine how much is paid toward your principal balance or interest during any given payment. Calculate how much of your total principal balance and interest have been paid by a particular date. Show how much of your principal balance you owe on a given date. Determine how much time you can cut off your mortgage by making extra payments. How Do You Calculate Amortization? Homeowners can calculate the amortization of their mortgage by plugging their information into an amortization calculator, which uses a formula to calculate your monthly mortgage payments By using an amortization calculator, you can: Calculate principal and interest paid in any particular payment. Calculate the total principal and interest paid on a particular date. Calculate how much principal is owed now or in the future. How Do I Create A Loan Amortization Schedule? Your loan amortization schedule tells you how much you need to make in monthly payments to pay off your mortgage within the term length of the loan. The key number when creating your loan amortization schedule is your monthly payment. Your monthly payment is calculated by taking your current loan amount, mortgage term

Loan Amortization Calculator - Calculate Amortization Schedule of Loans

Loan Calculator FREE is a comprehensive financial tool designed to empower users with the ability to make informed decisions about loans. Whether you're planning a mortgage, car loan, or any other type of installment loan, this app provides a user-friendly interface to calculate payments, generate amortization schedules, and visualize your financial progress with interactive charts and tables.Key Features:1. Loan Calculation: - Intuitive loan calculator with adjustable parameters such as loan amount, interest rate, and loan term. - Instantly calculate monthly payments, total interest, and total repayment amount.2. Amortization Schedule: - Generate a detailed amortization schedule showcasing monthly payments, principal and interest breakdown, remaining balance, and cumulative interest. 3. Interactive Charts: - Visualize your loan repayment journey with dynamic charts. - Explore pie charts to understand the percentage of principal and interest in each payment. 4. Reverse Mortgage: - Now with reverse mortgage! Enter the monthly to calculate the amount of the loan, perfect for sales when customer tells you the monthly they can afford. 5. Variety of Language : International clients? No Problem! use the app in English, Spanish, Portuguese, Italian and French! And you can change from decimal point to decimal comma without changing your settings on your phone!6. Currency and Locale Support: - Support for multiple currencies and locale-specific formatting for a global user base.7. User-Friendly Interface: - Simple and intuitive design for users of all levels of financial expertise. - Clear and concise explanations to help users understand the financial implications of their loan choices.8. Offline Functionality: - Access your loan calculations and amortization schedules even without an internet connection.Loan Calculator is the go-to app for anyone looking to plan their financial future with confidence. Whether you're a first-time homebuyer, an auto loan shopper, or someone managing multiple loans, this app provides the tools you need to make informed decisions and stay in control of your financial journey. Download Loan Calculator today and take the first step towards financial empowerment.. Download FREE Loan Amortization Schedule Excel Templates. Benefits of using Loan Amortization Schedule Calculator. Using a Loan Amortization schedule offers Amortization Schedule Calculator: Create an amortization schedule for a mortgage: Auto Loan Amortization: Create an amortization schedule for a car loan

Free Loan Amortization Schedule Calculator - Online amortization

$179,858.64.The Total Period is 240 months. Note: The orange numbers denote those periods for which you should have cleared your payments.Read More: Multiple Loan Amortization Schedule Excel TemplateCase 2 – Amortization Schedule with Regular Extra Payment (Recurring Extra Payment)Let’s say your monthly income has gone up and you want to add an extra bi-monthly recurring payment starting from the 24th period to pay off the loan faster. In this case, you’ve chosen to pay $500 for the rest of the loan period.The regular monthly payment remains the same at $1,791.08.The extra, recurring payments and the loan details are shown in the Summary table.The Total Payment (principal + interest) now decreases to $396,277.94.The Total Interest Paid drops to $146,277.94, creating an Interest Savings of $33,630.69.The Total Period is reduced to 16 years 5 months, or 197 months.Read More: Excel Car Loan Amortization Schedule with Extra Payments TemplateCase 3 – Amortization Schedule with Irregular Extra PaymentsLet’s assume that you’ll make the following payments as given below.PeriodIrregular Extra Payment29$10,00042$10,00055$25,00060$15,00070$10,000Input that information in the provided template and see the results.The monthly payment remains $1,791.08.The extra, irregular payments and the loan details are given in the Summary table.The Total Payment (principal + interest) decreases further to $342,580.08.The Total Interest Paid also decreases to $92,580.08 with the Interest Savings increased to $87,278.56.The Total Period drops to 11 years, 5 months, or 137 months.Read More: Amortization Schedule Excel Template with Extra PaymentsPractice SectionWe have provided a Practice Section on the right side of each sheet so you can practice yourself.Download the Practice WorkbookYou can download the practice workbook from the link below, which you can use as a template.Related ArticlesPreparing Bond Amortization Schedule in ExcelExcel Interest Only Amortization Schedule with Balloon Payment CalculatorAmortization Schedule with Balloon Payment and Extra Payments in ExcelExcel Car Loan Amortization Schedule TemplateExcel

Loan Amortization Schedule - Loan Amortization Calculator

An amortizing loan. Shows a breakdown of principal and interest over the life of the loan, aiding in transparency and planning. Free Prepayment Options Features that allow borrowers to pay off their loan faster by making additional payments. Offers flexibility to reduce the principal balance quicker and save on interest costs. Free Graphical Analysis Visual representation of the amortization process including balance reduction and interest payments over time. Helps users visualize how their payments reduce the loan balance over time. Free Detailed Reports Exportable and printable reports providing detailed insights into the amortization process. Facilitates easy record-keeping and sharing with financial advisors. Free Accessibility Typically available as online tools, desktop applications, or mobile apps. Provides ease of use and accessibility anywhere, anytime. Free or low-cost apps Customization Allows input of various loan parameters and scenarios to see different outcomes. Enables users to test different financial strategies and choose the most suitable repayment plan. Free User Support Help sections, user manuals, or customer service to assist users in maximizing the tool’s benefits. Ensures users can fully utilize the tool with minimal confusion. Free Deep Dive: How to Read an Amortization ScheduleAn amortization schedule is a detailed table showing the breakdown of each loan payment. Understanding this table is crucial for anyone taking out a loan.Monthly BreakdownEach row on the schedule represents a single payment, showing:Payment Amount: The total amount paid each month.Principal: The part of the payment that reduces the loan balance.Interest: The part of the payment that goes toward interest.Remaining

Loan Amortization Calculator With Amortization Schedules

Amortization Terms Used in This Article1. Original Loan Terms (Years): The total time taken to pay off the loan.2. Original Loan Amount: The principal amount that you’re borrowing from the bank.3. Annual Percentage Rate (APR): This is the interest rate. It is also known as nominal/stated interest rate.4. Payment Type: Payment types can be either at the End of the Period or at the Beginning of the Period.5. Payment Due: Number of payments in a year. Payments are commonly made monthly but you can choose other payment frequencies as shown in the table below.Interest CompoundedPayment Made AfterPayment FrequencyWeekly7 Days52Bi-weekly14 Days26Semi-monthly15 Days24Monthly1 Month12Bi-monthly2 Months6Quarterly3 Months4Semi-annually6 Months2Yearly12 Months16. Interest Compounded: When is interest applied to the current outstanding loan. It typically follows the payment frequency but can be different.Other terms such as the Extra Amount You Plan to Add, Extra Payment (Recurring) Pay, and Extra Payment Starts from Payment No. should be self-explanatory.3 Ways to Calculate Amortization Schedule with Irregular PaymentsWe’ll cover three of the most common ways to pay off a loan:Amortization Schedule with Regular Payment (PMT)Amortization Schedule with Regular Extra Payment (Recurring Extra Payment)Amortization Schedule with Irregular Extra Payment (Irregular Extra Payments)The template provided below will have information fields you can use for every case.Case 1 – Amortization Schedule with Regular Payment (PMT)Consider the following scenario:Loan Amount is $250,000.Loan Term over 20 years.Annual Percentage Rate (APR) of 6%.Payment Type involves paying at the End of the Period.Payment Frequency is Monthly.You want to know what your monthly payment will be.Enter the information in its respective cells and the amortization schedule will be generated as shown in the picture below.The monthly payment is $1,791.08 and you’ll find the additional loan details in the Summary table.The Total Payment (principal + interest) is $429,858.64.The Total Interest Paid over the maturity of the loan is. Download FREE Loan Amortization Schedule Excel Templates. Benefits of using Loan Amortization Schedule Calculator. Using a Loan Amortization schedule offers