This is a simple loan calculator for an amortized loan with an annual APY. You can adjust the monthly payments, interest rate and loan amount. The calculator will automatically calculate your payments, total interest fees, and the time frame that your loan will be paid off. You can also download the amortization schedule as a CSV file.
Loan Calculator
Fixed rate · Annual APY · Monthly payments
✓ Fixed annual APY (effective yearly yield)
Results
Amortization schedule
Updates automatically when you change the loan term or monthly payment.
| Month | Payment | Principal | Interest | Balance |
|---|
APY is converted to an equivalent monthly rate: (1 + APY)^(1/12) − 1. This preserves the effective annual yield but does not represent once-a-year interest postings. Assumes fixed interest and monthly payments with a smaller final payment when needed, no fees and no additional payments. Calculations use unrounded values; displayed amounts are rounded to cents.