Loan Amortization Calculator
Calculate your full loan amortization schedule. See every monthly payment split into principal and interest. Works for mortgages, auto loans, and personal loans.
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Frequently asked
questions
An amortization schedule is a complete table of loan payments showing how each payment is split between principal (reducing the loan balance) and interest. Early payments are mostly interest; later payments are mostly principal.
Extra monthly payments go entirely to principal, which reduces the balance faster. This shortens the loan term and saves significant interest. Even $50-$100 extra per month on a mortgage can save tens of thousands in interest.
The interest rate is the base cost of borrowing. APR (Annual Percentage Rate) includes the interest rate plus fees and other costs. Use the APR when comparing loans; use the stated interest rate for monthly payment calculations.