The loan amortization calculator will amortize your debt and estimates how much money will be paid for principal and interest over the life of the loan and how much you can save by making additional payments.

How does it work?

Set the loan amount, interest rate, terms, extra payments (optional), and payment frequency (set monthly by default), then tap on “calculate” and get the monthly payment, total interest paid, total paid with interests, and the amortization schedule. You can then share the loan terms via email, SMS, or your preferred social network with family and friends.