Amortization Calculator - Loan Payment Schedule & Amortization Table

Amortization Calculator

Loan Payment Schedule · Principal & Interest Breakdown · Full Amortization Table

Enter Loan Details
Loan Amount ($)
Interest Rate (%)
Loan Term (Years)
Loan Summary & Amortization Schedule
Monthly Payment
$0.00
Total Interest
$0.00
Total Payment
$0.00
Loan Term
30 years
Number of Payments
360
Principal/Interest
--
Payoff Date
---
Interest Rate
5.00%
This amortization schedule shows the breakdown of each monthly payment into principal and interest. The balance decreases over time as you pay down the loan.
Month Payment Principal Interest Balance Principal Paid Interest Paid
Common Loan Scenarios
Mortgage Loans
Perfect for home mortgages. See exactly how much interest you'll pay over 15 or 30 years.
Auto Loans
Calculate car loan payments and see the amortization schedule for 3-7 year terms.
Personal Loans
Plan your personal loan repayment with full breakdown of principal vs interest.

Frequently Asked Questions

What is amortization?
Amortization is the process of paying off a loan through regular payments over time. Each payment covers both principal and interest, with the interest portion decreasing over time.
How is monthly payment calculated?
Monthly payment = P * (r(1+r)^n) / ((1+r)^n - 1), where P = principal, r = monthly interest rate, n = total months.
Why does interest decrease over time?
Interest is calculated on the remaining balance. As you pay down the principal, the interest portion of each payment decreases.
What's the difference between 15 and 30 year mortgage?
A 15-year loan has higher monthly payments but much less total interest. A 30-year loan has lower payments but more total interest.
Can I make extra payments?
Yes! Extra payments go directly to principal and can significantly reduce your loan term and total interest paid.
Is this calculator free?
100% free! No registration, no hidden costs. Use it for all your loan calculations.
amortization calculator loan calculator mortgage calculator payment schedule amortization table principal & interest

Loan Amortization Calculator - Full Payment Schedule

Our Amortization Calculator PRO provides a complete breakdown of your loan payments. See monthly payment, total interest, and full amortization schedule showing principal and interest for each payment.

How it works: Enter your loan amount, interest rate, and loan term. The calculator instantly shows your monthly payment and generates a complete amortization table covering the entire loan term.

Perfect for: Home buyers comparing mortgages, car shoppers calculating auto loans, financial planning, understanding loan costs, and making informed borrowing decisions.