See exactly how much of your loan payment goes toward principal versus interest each month.
Calculate Amortization
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How to Use This Calculator
Enter your loan amount, interest rate, and term to generate the schedule.
Frequently Asked Questions
Why is most of my payment going to interest?
In standard amortization, early payments primarily cover interest, while later payments pay down principal faster.
What does the Amortization Schedule Calculator show?
The Amortization Schedule Calculator shows exactly how every single monthly payment is split between paying down principal and paying bank interest.
Why is the interest so high early in the Amortization Schedule Calculator?
Because interest is calculated on the remaining balance. The Amortization Schedule Calculator shows that early payments are almost entirely interest.
Can I use the Amortization Schedule Calculator for any loan?
Yes, the Amortization Schedule Calculator works perfectly for fixed-rate mortgages, auto loans, and personal installment loans.
Does the Amortization Schedule Calculator help with early payoff?
By looking at the Amortization Schedule Calculator, you can see exactly how much principal is left at any specific year if you want to sell the asset.