See Your Full Loan Amortization Schedule
This amortization calculator shows how a fixed-rate loan is paid off over time. Enter the loan amount, interest rate and term to see your monthly payment, the total interest, and a year-by-year breakdown of how much goes to principal, how much goes to interest, and your remaining balance. Everything is calculated in your browser and nothing is stored.
What amortization means
Amortization is the process of paying off a loan with equal regular payments. Each payment covers the interest due that period and reduces the principal. Early in the loan most of your payment goes to interest, but as the balance falls, more of each payment goes to principal. The schedule makes this shift easy to see.
Why the schedule is useful
Seeing the breakdown helps you understand the true cost of borrowing and how slowly the balance falls at first. It is especially helpful for mortgages and other long loans, where total interest can rival the amount borrowed. It also shows the effect of the term: a shorter term means higher payments but far less interest overall.
Pay less interest
- Extra principal payments early in the loan save the most interest.
- A shorter term raises the monthly payment but cuts total interest sharply.
- A lower rate reduces both the payment and the lifetime interest.
Estimates only — not financial advice. Your lender statement is the authoritative schedule for your loan.