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Amortization Calculator
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The chart provides the
information you need to determine your monthly loan
payment. The monthly payment includes principal and
interest. The
factor is based on loan increments of $1,000. To obtain
the factor, take the following steps:
- Divide the total
(gross) loan amount by $1,000.
- Using the chart, find
the interest rate on your loan in the far-left vertical
column, then move horizontally to the column denoting
the term of your loan. This number is your amortization
factor. Example: A loan at 8 percent interest with a
term of 7 years has a factor of 15.59.
- Multiply your answer
in step 1 by the factor in step 2. The result is your
monthly loan payment.
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Make sure your consult
with your lender for the actual loan terms. |
Amortizationschedule - Loan Term
|
Interest Rate |
1 yr |
2 yrs |
3 yrs |
4 yrs |
5 yrs |
6 yrs |
7 yrs |
8 yrs |
9 yrs |
10 yrs |
15 yrs |
20 yrs |
25 yrs |
|
6.00% |
86.07 |
44.32 |
30.42 |
23.49 |
19.33 |
16.57 |
14.61 |
13.14 |
12.01 |
11.10 |
8.44 |
7.16 |
6.44 |
| 6.25% |
86.18 |
44.43 |
30.54 |
23.60 |
19.45 |
16.69 |
14.73 |
13.26 |
12.13 |
11.23 |
8.57 |
7.31 |
6.60 |
|
6.50% |
86.30 |
44.55 |
30.65 |
23.72 |
19.56 |
16.81 |
14.85 |
13.39 |
12.26 |
11.36 |
8.71 |
7.46 |
6.75 |
| 6.75% |
86.41 |
44.66 |
30.76 |
23.82 |
19.68 |
16.93 |
14.97 |
13.51 |
12.38 |
11.48 |
8.85 |
7.60 |
6.91 |
|
7.00% |
86.53 |
44.77 |
30.88 |
23.95 |
19.80 |
17.05 |
15.09 |
13.63 |
12.51 |
11.61 |
8.99 |
7.75 |
7.07 |
| 7.25% |
86.64 |
44.89 |
30.99 |
24.06 |
19.92 |
17.17 |
15.22 |
13.76 |
12.63 |
11.74 |
9.13 |
7.90 |
7.23 |
|
7.50% |
86.76 |
45.00 |
31.11 |
24.18 |
20.04 |
17.29 |
15.34 |
13.88 |
12.76 |
11.87 |
9.27 |
8.06 |
7.39 |
|
7.75% |
86.99 |
45.23 |
31.34 |
24.41 |
20.28 |
17.53 |
15.59 |
14.14 |
13.02 |
12.13 |
9.56 |
8.36 |
7.72 |
|
8.25% |
87.10 |
45.34 |
31.45 |
24.53 |
20.40 |
17.66 |
15.71 |
14.26 |
13.15 |
12.27 |
9.70 |
8.52 |
7.88 |
|
8.50% |
87.22 |
45.46 |
31.57 |
24.65 |
20.52 |
17.78 |
15.84 |
14.39 |
13.28 |
12.40 |
9.85 |
8.68 |
8.05 |
|
8.75%
|
87.34 |
45.57
|
31.68 |
24.77 |
20.64 |
17.90 |
15.96 |
14.52 |
13.41 |
12.53 |
9.99 |
8.84
|
8.22 |
|
9.00% |
87.45 |
45.68 |
31.80 |
24.88 |
20.76 |
18.03 |
16.09 |
14.65 |
13.54 |
12.67 |
10.14 |
9.00 |
8.39 |
|
9.25%
|
87.57 |
45.80 |
31.92 |
25.00 |
20.88 |
18.15 |
16.22 |
14.78 |
13.68 |
12.80 |
10.29 |
9.16 |
8.56 |
|
9.50% |
87.68 |
45.91 |
32.03 |
25.12 |
21.00 |
18.27 |
16.34 |
14.91 |
13.81 |
12.94 |
10.44 |
9.32 |
8.74 |
|
9.75%
|
87.80 |
46.03 |
32.15 |
25.24 |
21.12 |
18.40 |
16.47 |
15.04 |
13.94 |
13.08 |
10.59 |
9.49 |
8.91 |
|
10.00% |
87.92 |
46.15 |
32.27 |
25.36 |
21.25 |
18.53 |
16.60 |
15.17 |
14.08 |
13.22 |
10.75 |
9.65 |
9.09 |
|
10.25% |
88.03 |
46.26 |
32.38 |
25.48 |
21.37 |
18.65 |
16.73 |
15.31 |
14.21 |
13.35 |
10.90 |
9.82 |
9.26 |
|
10.50%
|
88.15 |
46.38 |
32.50 |
25.60 |
21.49 |
18.78 |
16.86 |
15.44 |
14.35 |
13.49 |
11.05 |
9.98 |
9.44 |
|
10.75% |
88.27 |
46.49 |
32.62 |
25.72 |
21.62 |
18.91 |
16.99 |
15.57 |
14.49 |
13.63 |
11.21 |
10.15 |
9.62 |
|
11.00% |
88.38 |
46.61 |
32.74 |
25.85 |
21.74 |
19.03 |
17.12 |
15.71 |
14.63 |
13.77 |
11.37 |
10.32 |
9.80 |
|
11.25% |
88.50 |
46.72 |
32.86 |
25.97 |
21.87 |
19.16 |
17.25 |
15.84 |
14.76 |
13.92 |
11.52 |
10.49 |
9.98 |
|
11.50% |
88.62 |
46.84 |
32.98 |
26.09 |
21.99 |
19.29 |
17.39 |
15.98 |
14.90 |
14.06 |
11.68 |
10.66 |
10.16 |
|
11.75%
|
88.73 |
46.96 |
33.10 |
26.21 |
22.12 |
19.42 |
17.52 |
16.12 |
15.04 |
14.20 |
11.84
|
10.84 |
10.35 |
|
12.00% |
88.85 |
47.07 |
33.21 |
26.33 |
22.24 |
19.55 |
17.65 |
16.25 |
15.18 |
14.35 |
12.00 |
11.01 |
10.53 |
|
12.25% |
88.97 |
47.19 |
33.33 |
26.46 |
22.37 |
19.68 |
17.79 |
16.39 |
15.33 |
14.49 |
12.16
|
11.19 |
10.72 |
|
12.50% |
89.08 |
47.31 |
33.45 |
26.58 |
22.50 |
19.81 |
17.92 |
16.53 |
15.47 |
14.64 |
12.33 |
11.36 |
10.90 |
|
12.75% |
89.20 |
47.42 |
33.57 |
26.70 |
22.63 |
19.94 |
18.06 |
16.67 |
15.61 |
14.78 |
12.49
|
11.54 |
11.09 |
|
13.00% |
89.32 |
47.54 |
33.69 |
26.83 |
22.75 |
20.07 |
18.19 |
16.81 |
15.75 |
14.93 |
12.65 |
11.72 |
11.28 |
|
13.25%
|
89.43 |
47.66 |
33.81 |
26.95 |
22.88 |
20.21 |
18.33 |
16.95 |
15.90 |
15.08 |
12.82
|
11.89 |
11.47 |
|
13.50% |
89.55 |
47.78 |
33.94 |
27.08 |
23.01 |
20.34 |
18.46 |
17.09 |
16.04 |
15.23 |
12.98 |
12.07 |
11.66 |
|
13.75%
|
89.67 |
47.90 |
34.06 |
27.20 |
23.14 |
20.47 |
18.60 |
17.23 |
16.19 |
15.38 |
13.15
|
12.25 |
11.85 |
|
14.00% |
89.79 |
48.01 |
34.18 |
27.33 |
23.27 |
20.61 |
18.74 |
17.37 |
16.33 |
15.53 |
13.32 |
12.44 |
12.04 |
|
14.25% |
89.90 |
48.13 |
34.30 |
27.45 |
23.40 |
20.74 |
18.88 |
17.51 |
16.48 |
15.68 |
13.49
|
12.62 |
12.23 |
|
14.50% |
90.02 |
48.25 |
34.42 |
27.58 |
23.53 |
20.87 |
19.02 |
17.66 |
16.63 |
15.83 |
13.66 |
12.80 |
12.42 |
|
14.75%
|
90.14 |
48.37 |
34.54 |
27.70 |
23.66 |
21.01 |
19.16 |
17.80 |
16.78 |
15.98 |
13.83
|
12.98 |
12.61 |
|
15.00% |
90.26 |
48.49 |
34.67 |
27.83 |
23.79 |
21.14 |
19.30 |
17.95 |
16.92 |
16.13 |
14.00 |
13.17 |
12.81 |
|
15.25%
|
90.38 |
48.61 |
34.79 |
27.96 |
23.92 |
21.28 |
19.44 |
18.09 |
17.07 |
16.29 |
14.17
|
13.35 |
13.00 |
|
15.50% |
90.49 |
48.72 |
34.91 |
28.08 |
24.05 |
21.42 |
19.58 |
18.24 |
17.22 |
16.44 |
14.34 |
13.54 |
13.20 |
|
15.75%
|
90.61 |
48.84 |
35.03 |
28.21 |
24.19 |
21.55 |
19.72 |
18.38 |
17.37 |
16.60 |
14.51
|
13.73 |
13.39 |
|
16.00% |
90.73 |
48.96 |
35.16 |
28.34 |
24.32 |
21.69 |
19.86 |
18.53 |
17.53 |
16.75 |
14.69 |
13.91 |
13.59 |
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Source: SBA
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Amortizations Schedule |
Amortizationschedule | Amortization Scedule
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