Amortization Calculator

See exactly how a loan pays down. Enter the amount, the annual rate and the term in years to get the monthly payment and a year-by-year schedule showing how much of each year goes to principal, how much to interest, and the balance that remains.

Tool Features

• Compute the fixed monthly payment
• Year-by-year principal and interest split
• Track the remaining balance over time
• Show total interest for the full loan
• No registration or software installation

Common Usage

• See how little principal you pay early on
• Plan extra payments against the schedule
• Compare terms and total interest
• Understand why the balance drops slowly at first