Amortization Calculator
See a detailed schedule of your loan payments over time.
What is an Amortization Schedule?
An amortization schedule is a table that details each periodic payment on an amortizing loan. Each payment is broken down into principal and interest components until the loan is paid off at the end of its term.
How to Read the Table
- Month: The sequence number of the payment.
- Principal: The portion of your payment that goes toward reducing the balance.
- Interest: The portion of your payment that goes to the lender as profit.
- Total Interest: The total amount of interest paid from the beginning of the loan.
- Balance: The remaining principal amount you owe after the payment is made.