The loan amortization calculator is intended to show you how your loan will work month-by-month. You'll get an idea of how much interest you pay over the years, and how much of your balance is paid off at any given time.

• How Amortization Works

The loan amortization calculator includes an amortization table for your reference. After filling in information related to your loan, click the Calculate button. A table will appear in the textbox below the loan amortization calculator.

You may want to plug the loan amortization calculator's output into Excel so that you can work with the numbers even further. The best way to do this is to select the data starting outside (above, for example) of the table.

The loan amortization calculator can be used for your auto loans, home loans, or any other straight-line amortized loans.

Thanks to javascript.internet.com for providing sample templates for the loan amortization calculator. Note that the final payment period may not add up properly due to rounding.

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