Amortization Calculator
This calculator will give you the monthly payment for an amortized loan. Fill in the below fields, and the output is your monthly payment.
With an amortized loan, every loan payment includes part interest and part principal. More of your payment is interest in the beginning of the loan. As you make payments, gradually more of your payment goes to principal. Most installment loans are amortized loans. For example, a car loan, a mortgage, or a personal loan. A line of credit and credit cards are not amortized loans.