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Loan Amortization Table Calculator

Last updated 23rd Sep 2022

You can use this loan amortization table calculator to tell you how much money you still owe on a personal loan. This calculator accommodates amortization tables of up to ten years, and will show you the remaining principal on the loan based on the amount borrowed and the term of the loan.

Calculator Definitions

The variables used in our online calculator are defined in detail below, including how to interpret the results.

Initial Loan Amount ($)

This is the original amount of the loan, also referred to as the loan's principal.

Annual Interest Rate (%)

This is the annual interest rate on the loan. This is not the APR, which takes into account other costs associated with the loan.

Term of the Loan (Years)

This is the original term or length of the personal loan, stated in years. The most common terms for personal loans range from 3 to 10 years.

Monthly Payment ($ / Month)

This is the monthly payment necessary to repay the loan over its lifetime.

Total Payments ($)

The total amount paid to the bank or lending institution over the life of the loan.

Total Interest Paid ($)

The total amount of interest charges over the term of the loan. This is the cost of borrowing money from the lending institution.

Amortization Table

The amortization table produced by this calculator shows the remaining principal on the loan at the end of each 12 month period.

Principal ($)

This is the remaining principal on the loan. If you wanted to pay off the loan in one lump sum, this is the amount owed the lending institution.

Loan Amortization Table

Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.

Moneyzine Editor

Moneyzine Editor