Amortization Calculator

View a complete amortization schedule showing how each payment splits between principal and interest
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Generate Your Amortization Schedule

Enter loan details to see the full breakdown of principal and interest over time

i

Understanding Amortization

1

Fixed Monthly Payment

Your total monthly payment stays the same throughout the loan term.

2

Shifting Allocation

Early payments are mostly interest; later payments are mostly principal.

3

Equity Building

As principal is paid down, your equity in the asset grows steadily.

Amortization insights:

  • Front-loaded interest: In a 30-year mortgage, you may pay more than half the total interest in the first 10 years
  • Extra payments help most early: Making extra principal payments in the first years saves the most interest
  • Shorter terms save money: A 15-year loan typically saves tens of thousands in interest vs. a 30-year loan
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