Amortization Calculator

View a complete amortization schedule showing how each payment splits between principal and interest
Loan Parameters
Enter loan details

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
导航