This online amortization calculator lets you compare various frequency payment options, including bi-monthly, monthly, and bi-weekly payments. This calculator is great for simple loan amortization. The amortization schedule shows up to 12 payment periods, beginning with the first number chosen in the No. column.


Loan Amortization Calculator      
Enter the loan amount, the annual interest rate, the term of the loan, the first payment date, and the payment frequency. See notes at the bottom of the page for more information.  
 
 
     
             
  Loan Amount     
  Annual Interest Rate     
  Term of Loan in Years     
  First Payment Date     
  Frequency of Payment     
             
 
             
  Rate (per period)    
  Payment (per period)    
  Number of Payments    
  Total Payments    
  Total Interest    
             
     
Amortization Schedule  
No. Due Date Payment Interest Principal Balance  
       
 
 
 
 
 
 
 
 
 
 
 
 
 
Comparison of Payment Frequency Options  
Frequency Payment* Interest** Total  
 
 
 
 
 
 
* The payment due per frequency period  
** The total amount of interest paid  
Note: The above tables do not account for rounding of the payment!