Amortization Calculator
Result
Amortization Calculator The Amortization Calculator works out the fixed monthly payment on a loan and the total amount you will repay over its term. It uses the standard amortizing-loan formula based on the principal, the monthly interest rate, and the nu — free online calculator.
Formula
- Amortization Calculator calculates its result from P, R, N. It uses the formula Payment = P × [r(1+r)ⁿ / ((1+r)ⁿ-1)]. Change any input to recalculate the result instantly.
- The main inputs are P, R, N. Enter them in the units and format shown in the calculator.
- Use monetary amounts, rates and time periods exactly as labeled; the result reflects the assumptions entered on this page.
- Changing any input above recalculates the result with the same calculation engine used by this page.
Example: Amortization
- P: 2
- R: 3
- N: 4
Using P = 2, R = 3, N = 4, the calculated result is 6.0235294118.
Sample result: Calculating…
Frequently asked questions
What does the Amortization calculate?
Amortization Calculator The Amortization Calculator works out the fixed monthly payment on a loan and the total amount you will repay over its term. It uses the standard amortizing-loan formula based on the principal, the monthly interest rate, and the nu — free online calculator.
Which values should I enter?
Enter P, R, N using the units and format shown beside each field.
What formula does this calculator use?
The calculator uses the following relationship: Payment = P × [r(1+r)ⁿ / ((1+r)ⁿ-1)].
Why might my result differ from another source?
Results can differ when another source uses different units, rounding rules, conventions or assumptions. Compare the inputs and definitions before comparing results.
Does the result update automatically?
Yes. Changing an input updates the result using the same calculation engine shown on this page.