Loan Amortization Schedule Calculator
Visualize your loan repayment timeline. See exactly how much of your payment goes toward principal versus interest each month.
Loan Balance Over Time
Schedule (First 12 Payments)
| No. | Date | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | Dec 2026 | $226 | $1,354 | $249,774 |
| 2 | Jan 2027 | $227 | $1,353 | $249,547 |
| 3 | Feb 2027 | $228 | $1,352 | $249,318 |
| 4 | Mar 2027 | $230 | $1,350 | $249,089 |
| 5 | Apr 2027 | $231 | $1,349 | $248,858 |
| 6 | May 2027 | $232 | $1,348 | $248,625 |
| 7 | Jun 2027 | $233 | $1,347 | $248,392 |
| 8 | Jul 2027 | $235 | $1,345 | $248,157 |
| 9 | Aug 2027 | $236 | $1,344 | $247,921 |
| 10 | Sep 2027 | $237 | $1,343 | $247,684 |
| 11 | Oct 2027 | $239 | $1,342 | $247,446 |
| 12 | Nov 2027 | $240 | $1,340 | $247,206 |
How much of each loan payment goes toward principal?
Use the payment schedule to follow the split between interest and principal each month. A fixed-rate loan typically pays more interest early because the balance is larger. Change the amount, rate, or term to compare a different repayment scenario.
Try this toolRelated Tools
View AllFinance Calculator (TVM)
Solve time value of money problems for present value, future value, payment, interest rate, or periods. Choose beginning- or end-of-period payments.
Credit Card Payoff
Estimate how long it takes to pay off a credit card or find a payment for your target payoff date. See interest costs and a monthly repayment schedule.
Inflation Calculator
Compare purchasing power using selected historical US CPI annual averages, or project future costs with your own assumed inflation rate and time period.
How to use this calculator
Visualize Your Loan Payoff Journey
An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. Our **Amortization Schedule Calculator** breaks down every single payment to show you exactly where your money is going.
Understanding amortization is key to savvy borrowing. In the early years of a long-term loan (like a mortgage), the vast majority of your payment goes to interest, barely touching the principal. Seeing this visually often motivates borrowers to make extra principal payments to break the cycle and build equity faster.
Key Components of Amortization
Principal Payment
This is the portion of your monthly payment that reduces your outstanding loan balance. As the loan balance decreases, the interest charged decreases, allowing more of your fixed monthly payment to be applied to the principal.
Interest Payment
This is the cost of borrowing the money. It is calculated based on your *current* outstanding balance. This is why interest payments are highest at the start of the loan and lowest at the end.
Benefits of an Amortization Schedule
- Track Equity Building: accurate tracking of when you will reach 20% equity (to remove PMI) or 100% equity (debt-free).
- Tax Preparation: Mortgage interest is often tax-deductible. The schedule helps estimate your annual interest costs for tax planning.
- Refinance Decisions: By seeing how much interest is left on your current loan vs. a new loan, you can make a mathematical decision on whether refinancing makes sense.