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Free* Basic Amortization Schedule

Though we call it a "basic amortization schedule" it still has a lot of features, particularly when compared with the amortization schedules offered by other programs. For example, this free amortization schedule supports loans with points and irregular length first periods. Here are other features this calculator supports:

• Irregular length first periods with user selectable methods as to how interest will be charged
• 10 payment & compounding frequencies: Daily, Weekly, Biweekly, Twice Monthly, Every 4 Weeks, Monthly, Bimonthly, Quarterly, Semiannually & Annually
• 6 different loan types: Normal, Canadian, Fixed Principal, Rule-of-78s, Interest Only & No Interest
• 6 interest calculation methods: Ordinary, Ordinary/360, Ordinary/365, Actual/360, Actual/365 & Actual/Actual (However, this does not allow you to set the payment date. Payments are made only on scheduled payment dates. Please see our other amortization schedule if you need to alter payment dates.)
• Very extensive on line help with many example loans included
• Save all loan data to a single user or multi user database
• Copy all loan details to the Window's clipboard for later pasting into a word processor, spreadsheet or email message
• Single click on any year tab to display the schedule for that year
• Display annual and running totals by user selectable fiscal year
• Points paid on origination date, with first payment or amortized
• And as always, simple, fast and easy-to-use.

This calculator makes it easy to check what a lender charges. You can also easily do financial planning and what-if calculations.

* Free for personal, noncommercial use.

NOTE: While many individuals will find that our free amortization schedule will give them all of the features that they need, we do publish a much more Flexible Amortization Schedule. Our flexible amortization schedule will allow you to make extra payments, adjust payment amounts, rates and dates. Please see this page for details.

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