See every payment — principal, interest & balance — for your entire loan.
Loan Details
Payment Summary
Loan Cost Breakdown
Full Amortization Schedule
Full payment-by-payment breakdown for all 360 payments — principal, interest, and remaining balance.
Disclaimer: This calculator is for informational purposes only. Results assume a fixed interest rate and equal monthly payments. Actual loan terms, fees, and schedules may vary. Consult your lender or a financial advisor for precise figures.
An amortization schedule calculator shows the exact breakdown of every loan payment into principal and interest, plus the remaining balance after each installment. Whether you have a mortgage, auto loan, or personal loan, this free amortization table tool helps you understand exactly where your money goes — and how much you can save by making extra payments each month.
An amortization schedule is a complete table of every periodic loan payment, showing how much goes toward interest, how much reduces the principal, and what balance remains after each payment. Early payments are mostly interest; later payments shift toward principal.
The standard formula is M = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the total number of monthly payments.
Extra principal payments reduce your outstanding balance faster, so less interest accrues each month. This shortens the loan term and can save thousands in total interest — the calculator shows exactly how much you'd save.
Yes. The amortization formula works for any fixed-rate installment loan. Enter the loan amount, annual interest rate, and term in years (or months) to generate the full payment schedule instantly.