Get a full month-by-month breakdown of your loan payments.
| # | Date | Payment | Principal | Interest | Balance |
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Fill in your loan details on the left and click Generate Schedule.
A loan amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. Each payment is the same amount, but the ratio of interest to principal changes over time — early payments are mostly interest, while later payments are mostly principal.
When you take out a loan, the lender calculates your monthly payment so that the loan is fully paid off by the end of the term. In the early months, most of your payment goes toward interest because the outstanding balance is high. As you pay down the principal, less interest accrues each month, so more of your payment goes toward the principal. This process is called amortization.
Making even small extra payments toward your principal can significantly reduce the total interest you pay and shorten your loan term. For example, on a $200,000 mortgage at 6.5% for 30 years, paying just $100 extra per month saves over $26,000 in interest and cuts nearly 3 years off the loan term.
Interest is calculated on the remaining balance. At the start of the loan, the balance is highest, so more interest accrues. As you pay down the principal, the balance decreases, and so does the interest portion of each payment.
A basic loan calculator shows your monthly payment and total cost. An amortization schedule goes further — it shows exactly how much of each individual payment goes to principal and interest, and what your remaining balance is after every payment.
Yes. This calculator works for any fixed-rate loan including mortgages, car loans, personal loans, and student loans. Simply enter your loan amount, interest rate, and term to generate the full schedule.