Calculate payments for an amortized loan, the amount due on a deferred payment loan, or the proceeds of a bond.
Monthly pay
$1,110.21
Total of 120 payments
$133,224.60
Total interest
$33,224.60
Loan amount
$100,000.00
Principal vs. interest
Principal 75.1%
Interest 24.9%
Remaining balance over time
Results are estimates and not financial advice.
Amortization schedule
Loan year
Interest
Principal
Ending balance
Year 1
$5,795.22
$7,527.30
$92,472.70
Year 2
$5,330.96
$7,991.56
$84,481.14
Year 3
$4,838.09
$8,484.43
$75,996.71
Year 4
$4,314.76
$9,007.76
$66,988.95
Year 5
$3,759.18
$9,563.34
$57,425.61
Year 6
$3,169.33
$10,153.19
$47,272.42
Year 7
$2,543.10
$10,779.42
$36,493.00
Year 8
$1,878.26
$11,444.26
$25,048.74
Year 9
$1,172.41
$12,150.11
$12,898.63
Year 10
$423.02
$12,898.63
$0.00
Payment #
Interest
Principal
Ending balance
1
$500.00
$610.21
$99,389.79
2
$496.95
$613.26
$98,776.53
3
$493.88
$616.33
$98,160.20
4
$490.80
$619.41
$97,540.79
5
$487.70
$622.51
$96,918.28
6
$484.59
$625.62
$96,292.66
7
$481.46
$628.75
$95,663.91
8
$478.32
$631.89
$95,032.02
9
$475.16
$635.05
$94,396.97
10
$471.98
$638.23
$93,758.74
11
$468.79
$641.42
$93,117.32
12
$465.59
$644.62
$92,472.70
13
$462.36
$647.85
$91,824.85
14
$459.12
$651.09
$91,173.76
15
$455.87
$654.34
$90,519.42
16
$452.60
$657.61
$89,861.81
17
$449.31
$660.90
$89,200.91
18
$446.00
$664.21
$88,536.70
19
$442.68
$667.53
$87,869.17
20
$439.35
$670.86
$87,198.31
21
$435.99
$674.22
$86,524.09
22
$432.62
$677.59
$85,846.50
23
$429.23
$680.98
$85,165.52
24
$425.83
$684.38
$84,481.14
25
$422.41
$687.80
$83,793.34
26
$418.97
$691.24
$83,102.10
27
$415.51
$694.70
$82,407.40
28
$412.04
$698.17
$81,709.23
29
$408.55
$701.66
$81,007.57
30
$405.04
$705.17
$80,302.40
31
$401.51
$708.70
$79,593.70
32
$397.97
$712.24
$78,881.46
33
$394.41
$715.80
$78,165.66
34
$390.83
$719.38
$77,446.28
35
$387.23
$722.98
$76,723.30
36
$383.62
$726.59
$75,996.71
37
$379.98
$730.23
$75,266.48
38
$376.33
$733.88
$74,532.60
39
$372.66
$737.55
$73,795.05
40
$368.98
$741.23
$73,053.82
41
$365.27
$744.94
$72,308.88
42
$361.54
$748.67
$71,560.21
43
$357.80
$752.41
$70,807.80
44
$354.04
$756.17
$70,051.63
45
$350.26
$759.95
$69,291.68
46
$346.46
$763.75
$68,527.93
47
$342.64
$767.57
$67,760.36
48
$338.80
$771.41
$66,988.95
49
$334.94
$775.27
$66,213.68
50
$331.07
$779.14
$65,434.54
51
$327.17
$783.04
$64,651.50
52
$323.26
$786.95
$63,864.55
53
$319.32
$790.89
$63,073.66
54
$315.37
$794.84
$62,278.82
55
$311.39
$798.82
$61,480.00
56
$307.40
$802.81
$60,677.19
57
$303.39
$806.82
$59,870.37
58
$299.35
$810.86
$59,059.51
59
$295.30
$814.91
$58,244.60
60
$291.22
$818.99
$57,425.61
61
$287.13
$823.08
$56,602.53
62
$283.01
$827.20
$55,775.33
63
$278.88
$831.33
$54,944.00
64
$274.72
$835.49
$54,108.51
65
$270.54
$839.67
$53,268.84
66
$266.34
$843.87
$52,424.97
67
$262.12
$848.09
$51,576.88
68
$257.88
$852.33
$50,724.55
69
$253.62
$856.59
$49,867.96
70
$249.34
$860.87
$49,007.09
71
$245.04
$865.17
$48,141.92
72
$240.71
$869.50
$47,272.42
73
$236.36
$873.85
$46,398.57
74
$231.99
$878.22
$45,520.35
75
$227.60
$882.61
$44,637.74
76
$223.19
$887.02
$43,750.72
77
$218.75
$891.46
$42,859.26
78
$214.30
$895.91
$41,963.35
79
$209.82
$900.39
$41,062.96
80
$205.31
$904.90
$40,158.06
81
$200.79
$909.42
$39,248.64
82
$196.24
$913.97
$38,334.67
83
$191.67
$918.54
$37,416.13
84
$187.08
$923.13
$36,493.00
85
$182.47
$927.74
$35,565.26
86
$177.83
$932.38
$34,632.88
87
$173.16
$937.05
$33,695.83
88
$168.48
$941.73
$32,754.10
89
$163.77
$946.44
$31,807.66
90
$159.04
$951.17
$30,856.49
91
$154.28
$955.93
$29,900.56
92
$149.50
$960.71
$28,939.85
93
$144.70
$965.51
$27,974.34
94
$139.87
$970.34
$27,004.00
95
$135.02
$975.19
$26,028.81
96
$130.14
$980.07
$25,048.74
97
$125.24
$984.97
$24,063.77
98
$120.32
$989.89
$23,073.88
99
$115.37
$994.84
$22,079.04
100
$110.40
$999.81
$21,079.23
101
$105.40
$1,004.81
$20,074.42
102
$100.37
$1,009.84
$19,064.58
103
$95.32
$1,014.89
$18,049.69
104
$90.25
$1,019.96
$17,029.73
105
$85.15
$1,025.06
$16,004.67
106
$80.02
$1,030.19
$14,974.48
107
$74.87
$1,035.34
$13,939.14
108
$69.70
$1,040.51
$12,898.63
109
$64.49
$1,045.72
$11,852.91
110
$59.26
$1,050.95
$10,801.96
111
$54.01
$1,056.20
$9,745.76
112
$48.73
$1,061.48
$8,684.28
113
$43.42
$1,066.79
$7,617.49
114
$38.09
$1,072.12
$6,545.37
115
$32.73
$1,077.48
$5,467.89
116
$27.34
$1,082.87
$4,385.02
117
$21.93
$1,088.28
$3,296.74
118
$16.48
$1,093.73
$2,203.01
119
$11.02
$1,099.19
$1,103.82
120
$5.52
$1,103.82
$0.00
About the loan calculator
This calculator covers three common borrowing structures. Pick the tab that matches your loan.
An amortized loan is repaid with equal monthly installments; each one pays the interest due and reduces the principal. A deferred payment loan has no payments until the end: interest compounds, and you repay principal plus all accrued interest in a single lump sum. A bond tab shows how much a bond with a given face value pays out today if it is sold at a discount and redeems at face value at maturity.
Reading the results
For amortized loans you also get a pie chart of principal versus interest, a balance-over-time chart and a yearly or monthly amortization table. The yearly rows add up exactly to the monthly rows, and the final balance is exactly 0.00.
Formula
Amortized: M = P × r ÷ (1 − (1 + r)^−n), r = annual rate ÷ 12, n = months
Deferred: Amount due = P × (1 + rate ÷ k)^(k × years), k = compounding periods per year
Bond: Proceeds = Face value ÷ (1 + rate ÷ k)^(k × years)
Example
Borrowing $100,000 at 6% for 10 years with monthly payments costs $1,110.21 a month ($133,224.60 in total, $33,224.60 of it interest). If the same $100,000 were a deferred loan compounded monthly, you would owe about $181,939.67 after the 10 years.
