Amortizing Loan Calculator

Dig into the details of your monthly loan payments

"Amortizing" is just a formal way of describing how your loan balance shrinks with each payment. The upshot is that it's good to get a firm grasp of the repayment schedule and total amount that you owe.

There's a lot to consider when taking out a loan. How much can you afford to borrow overall? How big are the monthly payments? How fast can you pay down the principal? What will the total interest charges be? This calculator lets you drill down deep and become a smarter financial consumer.

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.