Loan Amortization Calculator

Generate a complete amortization schedule for any loan.

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Amortization Schedule

Enter the loan amount, rate, and term to see the full schedule.

Monthly payment
$0
Total interest: $0
Monthly payment
$0
Total payments
$0
Total interest
$0
Interest / principal ratio
0%
First payment interest
$0
Last payment interest
$0

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Loan amount ($)$50,000
Annual interest rate (%)6%
Loan term (years)5
ResultValue
Monthly payment$966.64
Total payments$57,998.40
Total interest$7,998.40
Interest / principal ratio13.8%
First payment interest$250.00
Last payment interest$4.81

Values shown are produced by this page in your browser; change any input to update them.

How to use the Amortization Schedule

  1. Loan amount ($) — default $50,000
  2. Annual interest rate (%) — default 6%
  3. Loan term (years) — default 5
  4. Press Calculate to update the results instantly.

Frequently asked questions

A table showing every payment split into principal and interest. Early payments are mostly interest; later ones are mostly principal.
Because interest is charged on the outstanding balance, which is largest at the start. As the balance falls, the interest portion shrinks.
It lowers the monthly amount but raises total interest. On a $300,000 loan at 6.5%, 30 years costs about $60,000 more interest than 20 years.

Sources & references