Amortization Schedule Calculator
Amortization Schedule Calculator is a financial calculator that helps you calculate loan or mortgage payment amounts and total repayment cost. The formula used is: EMI = P × r × (1+r)^n / ((1+r)^n − 1)\nMonthly: Interest = Balance × r; Principal = EMI − Interest. Enter monetary values in your local currency. Enter interest rates as plain numbers (e.g. enter 5 for 5 %).
Formula
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
Monthly: Interest = Balance × r; Principal = EMI − Interest
Example Calculation
Inputs
- Principal Amount (PKR): 1000000 PKR
- Annual Interest Rate: 20 %
- Loan Term: 5 years
Suppose you enter: Principal Amount (PKR) = 1000000, Annual Interest Rate = 20, Loan Term = 5. The calculator applies the formula (EMI = P × r × (1+r)^n / ((1+r)^n − 1)\nMonthly: Interest = Balance × r; Principal = EMI − Interest) and shows all output values below. Change any input field to immediately see how the result changes.
Frequently asked questions
What is an amortization schedule?
It is a year-by-year breakdown of a loan showing how each year's payments split between interest and principal, and how the outstanding balance falls toward zero.
When should I use this calculator?
Use it to see the full repayment picture of a loan — the monthly EMI, the total interest paid, and how your balance reduces each year.
What units should I enter?
Enter monetary values in your local currency. Enter interest rates as plain numbers (e.g. enter 5 for 5 %).
How accurate are the results?
Assumes constant rates, no additional fees, and no tax unless stated. Actual outcomes vary with market conditions.
How do I interpret the result?
Compare against your financial goals or market benchmarks. A higher figure may mean greater cost or greater return depending on context.
How can I verify the calculation manually?
Use the displayed formula and work through the numbers step by step. If your manual result differs slightly, check rounding and unit conversions first.
Can I use this for planning and budgeting?
Yes. Run best-case, expected, and worst-case inputs to compare outcomes and make safer planning decisions.