## Provide your Customers an Easy Solution

An amortization schedule calculator tells your customers the monthly payment they must make on a loan amount. Amortization is paying off a debt over time with equal payments.

**With our easy-to-use amortization calculator template, users can calculate amortization quickly. They only need to input their data into the template, and it's ready to use.**

An amortization calculator template saves your customers time and stress. You only need to customize the input fields and embed the calculator into your website.

## Amortization Explained

Amortization is a financial term referring to the process of spreading out the cost of a loan over a specific period. It allocates the repayment term of a loan amount over multiple periods - typically a monthly payment.

With a mortgage or car loan, amortization involves the repayment of the principal amount and the interest over a specified period. People generally make a monthly payment on these loans.

They're structured so customers gradually pay off their loan amount - principal and interest - over time. Earlier in the loan payments, more goes towards paying the interest. But as the loan progresses, more monthly payments address the principal.

## Amortization Schedule: What is it?

An amortization schedule is a table that outlines the repayment of a loan amount over time. For instance, it shows your monthly mortgage payments.

Your customers get a detailed view of each payment with an amortization schedule. It shows how much goes toward the principal amount and how much interest your customer paid.

### Information Included in an Amortization Schedule

An amortization calculator generally has the following information:

- Loan Amount
- Loan Term
- Interest Rate
- Monthly Payment
- Total Interest Paid
- Total Principal Paid
- Total Loan Cost
- Payoff Date