Amortization Calculator

Calculate your loan payments, total interest, and view a detailed amortization schedule. Perfect for mortgages, car loans, and personal loans.

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Understanding Amortization

Amortization is the process of paying off a debt over time through regular payments. Each payment includes both principal and interest, with the proportion changing over the loan term.

How It Works

In the early years of your loan, a larger portion of each payment goes toward interest. As time goes on, more of each payment goes toward the principal balance. This process continues until the loan is fully paid off.

Key Components