Thomas R. Soule, CPA

Amortization is the process of paying back a loan with a series of payments. An amortization schedule shows the user what part of each payment is applied to principal and what part is applied to interest.

This will calculate any loan variable including down payment amount, the price of the asset or the loan amount in addition to payment, term or rate.

This is a general purpose loan calculator. You can calculate the payment, amount, interest rate or term (number of payments) at different payment and compounding frequencies.