Amortization Schedule Calculator
Generate detailed amortization schedules showing exactly how each payment is split between principal and interest over the life of your loan.
Loan Summary
Monthly Payment
$1,799
Total of Payments
$647,514
Total Interest
$347,514
Interest as % of Total
53.7%
Payment Schedule
| Payment # | Date | Payment | Principal | Interest | Balance |
|---|
Showing 1-12 of 360 payments
Understanding Amortization
- • Early payments are mostly interest
- • Principal portion increases over time
- • Total payment stays the same (fixed-rate loans)
- • Extra principal reduces total interest paid
- • Shorter terms mean higher payments but less interest
Money-Saving Tips
- • Make extra principal payments when possible
- • Consider bi-weekly payments (26 per year)
- • Round up your payment to the nearest $50 or $100
- • Apply windfalls (bonuses, tax refunds) to principal
- • Refinance if rates drop significantly