Amortization Calculator
View a full loan amortization schedule with principal and interest.
Amortization Calculator
View a full loan amortization schedule with principal, interest and balance breakdown.
Monthly payment
Loan amount
Total interest
Total cost
Amortization schedule (first 12 months)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Enter your details and press Calculate to see an instant breakdown.
How the amortization calculator works
An amortization schedule breaks down each monthly payment into its principal and interest components, showing how the loan balance decreases over time.
- M — fixed monthly payment
- P — loan principal
- r — monthly interest rate (annual ÷ 12)
- n — total number of payments (years × 12)
Example: a $200,000 loan at 6% over 30 years has a monthly payment of $1,199. Early payments are mostly interest; later payments are mostly principal.
Use it to: understand how each payment is allocated, plan extra principal payments, or see when you'll reach a certain equity level.