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Loan Amortization Calculator 2025 – Free Schedule, PDF & Extra Payments

Plan your loan repayment with our free Loan Amortization Calculator for 2025. Generate a detailed schedule for mortgages, auto, or personal loans in the U.S., including monthly payments, interest, and principal breakdowns. Calculate savings with extra payments, save as PDF, or download as CSV.

Enter your details below for an instant schedule. For precise terms, consult lenders or resources like NerdWallet. Explore our Rent Affordability Analyzer or Lease Break Penalty Calculator for more financial tools.

Generate Your Loan Amortization Schedule

Input your loan amount, interest rate, term, and optional extra payments to create a detailed repayment schedule. Results are estimates—verify with your lender.

Loan Amount ($): Annual Interest Rate (%): Loan Term: Select Term 5 years (60 months) 10 years (120 months) 15 years (180 months) 30 years (360 months) Extra Monthly Payment ($):

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How Amortization Works

An amortization schedule details how monthly loan payments are split between principal and interest. Early payments primarily cover interest, while later payments reduce the principal faster, helping you plan repayments effectively.

• Principal: The borrowed amount, e.g., $200,000 for a mortgage.
• Interest: Monthly cost based on the remaining balance and rate.
• Extra Payments: Additional payments toward principal reduce total interest and loan term.

Learn more at Bankrate or HUD.gov.

Example Scenarios

Mortgage: A $200,000 mortgage at 6% over 30 years has ~$1,199 monthly payments, with $231,676 total interest. Adding $100/month saves ~$40,000 and shortens the term by 5 years.

Auto Loan: A $30,000 auto loan at 5% over 5 years has ~$566 monthly payments, with $3,960 total interest.

Loan Types and Rates by State – 2025

Loan rates vary by type and state due to economic factors. Below are estimated 2025 rates for key U.S. states. Check Rocket Mortgage for current rates.

California

• Mortgage Rate: 5.8–7.2% (30-year fixed).
• Auto Loan Rate: 4.7–6.8% (5-year).
• Example: $300,000 mortgage at 6.5% = ~$1,896/month, $382,873 total interest.

Texas

• Mortgage Rate: 5.5–7% (30-year fixed).
• Auto Loan Rate: 4.5–6.5% (5-year).
• Example: $30,000 auto loan at 5% = ~$566/month, $3,960 total interest.

Florida

• Mortgage Rate: 5.7–7.1% (30-year fixed).
• Auto Loan Rate: 4.6–6.7% (5-year).
• Example: $200,000 mortgage at 6% = ~$1,199/month, $231,676 total interest.

New York

• Mortgage Rate: 5.9–7.3% (30-year fixed).
• Auto Loan Rate: 4.8–7% (5-year).
• Example: $10,000 personal loan at 8% = ~$313/month, $1,282 total interest.

Illinois

• Mortgage Rate: 5.6–7% (30-year fixed).
• Auto Loan Rate: 4.5–6.6% (5-year).
• Example: $150,000 mortgage at 6.2% = ~$918/month, $180,468 total interest.

Tips to Save on Loan Interest

Minimize your loan costs with these strategies:

• Extra Payments: Pay extra toward principal to reduce interest and shorten the term.
• Refinance: Secure a lower rate, e.g., from 6% to 5%, to save thousands. See NerdWallet.
• Compare Lenders: Shop for the best rates across banks and credit unions.
• Shorter Term: Choose a 15-year mortgage over 30 years to cut total interest.

Refinancing Benefits

Refinancing can lower your rate or term, saving significant interest. For example, refinancing a $200,000 mortgage from 6% to 5% over 30 years reduces monthly payments by ~$100 and saves ~$36,000 in interest. Check Rocket Mortgage for options.

Frequently Asked Questions About Loan Amortization

What is a loan amortization schedule?

An amortization schedule shows monthly payments split into principal and interest, helping you plan repayments for mortgages, auto, or personal loans. Learn more at Bankrate.

How is an amortization schedule calculated?

It uses the loan amount, interest rate, and term to compute fixed payments. Early payments cover more interest; later ones reduce principal. Try NerdWallet for examples.

Can I save money with extra payments?

Yes, extra payments reduce principal, cutting interest and loan term. For example, $100 extra/month on a $200,000 mortgage saves ~$40,000. See Rocket Mortgage.

Are there loan calculator scams to avoid?

Beware of fake calculators requesting sensitive data or fees. Use trusted tools like ClaimRadarUSA and verify rates with Zillow.

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