Amortization Schedule Calculator
Generate a detailed payment-by-payment breakdown showing principal, interest, and remaining balance for the entire life of your loan.
Loan Details
Payment Schedule
Enter loan details to generate amortization schedule
Understanding Amortization Schedules
What is Amortization?
Amortization is the process of paying off a loan through regular monthly payments over time. Each payment consists of two parts: principal (reducing the loan balance) and interest (cost of borrowing).
- Early payments: Higher interest, lower principal
- Later payments: Lower interest, higher principal
- Fixed payment: Same total amount each month
Key Schedule Information
- Payment Number: Track progress through loan term
- Principal Portion: Amount reducing loan balance
- Interest Portion: Cost of borrowing that period
- Remaining Balance: Outstanding loan amount
💡 How to Use Your Schedule
Financial Planning:
- • Track equity buildup over time
- • Plan for refinancing opportunities
- • Budget for tax deduction planning
- • Understand payoff acceleration benefits
Strategic Insights:
- • Identify optimal extra payment timing
- • Compare different loan scenarios
- • Export data for financial software
- • Share with financial advisors