Amortization Schedule
Amortization schedule calculator
An amortization schedule splits every loan payment into principal and interest and tracks the falling balance. The fixed monthly payment is principal × monthly rate ÷ (1 − (1 + rate)−months). Enter your loan below for the payment and the full month-by-month table.
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Total paid
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Total interest
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Payments
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Schedule
Frequently asked questions
What is an amortization schedule?
A table showing each payment split into principal and interest with the remaining balance. Early payments are mostly interest; later ones mostly principal.
How is the payment calculated?
principal × monthly rate ÷ (1 − (1 + monthly rate)^−months), where monthly rate = annual ÷ 12.
Why is early payment mostly interest?
Interest is charged on the outstanding balance, highest at the start. As the balance falls, more of each fixed payment goes to principal.
Estimates for planning only. Actual loans may include fees, insurance, or different compounding. Not financial advice.