Loan Amortization Calculator
See your complete payment schedule and track how much goes to principal vs interest over time.
Loan Details
Enter your loan information
Payment Summary
$0
Monthly Payment
$0
Total Interest
$0
Total Payments
Payment Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|
Understanding Amortization
How Amortization Works
- • Early payments go mostly toward interest
- • Later payments go mostly toward principal
- • Monthly payment amount stays the same
- • Total interest decreases with shorter terms
Key Benefits
- • Plan your budget with predictable payments
- • See how extra payments affect your loan
- • Track your equity building over time
- • Compare different loan scenarios