Calculator Tool

Amortization Calculator

Get a clear amortization-style breakdown showing how each payment splits into interest and principal over time.

How to Use This Calculator

Simple steps to solve your amortization calculator problems

1

Try AI Math Solver

Click the button above to access our AI-powered math solver.

2

Input Your Problem

Type, paste, or upload an image of your amortization calculator problem in natural language.

3

Get Step-by-Step Solution

Receive a detailed walkthrough with clear explanations for each step.

4

Ask Follow-up Questions

Need clarification? Ask questions about any step in the solution process.

Example prompts to paste

  • Amortization breakdown for $280,000 at 6.4% for 30 years
  • Remaining balance after 5 years on $350,000 mortgage at 6.75%
  • What happens if I add $200/month extra principal to this loan?

About This Calculator

Why MathAI GPT is different from traditional calculators

Amortization explains why early payments are mostly interest and later payments are mostly principal. Seeing the breakdown helps you understand the real cost of borrowing.

Common Uses

  • Understand principal vs interest by month
  • Estimate balance remaining after N payments
  • Compare payoff timelines with extra principal payments
  • Check total interest paid over the full term

Key Advantages

Shows each logical step — not just the final answer
Understands free-form math and plain language together
Accepts images of handwritten or printed problems
Helps you learn the method, not just copy answers
Amortization Calculator | MathAI GPT