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Generate a complete amortization schedule for any US loan. See every payment broken into principal and interest, your running balance, and total interest paid over the life of the loan.
An amortization schedule breaks every loan payment into two components: the portion that reduces your principal balance and the portion that pays interest to the lender. This calculator takes your loan amount, annual interest rate, and term in years, then generates a full payment-by-payment table from your start date through the final payment. Early in the loan, the majority of each fixed payment goes toward interest because your outstanding balance is at its highest. As the balance falls, the interest portion shrinks and the principal portion grows. The output shows your fixed monthly payment, total interest paid over the life of the loan, total cost of borrowing, and a breakdown of your first payment and first year of payments so you can see exactly how the split evolves over time.