Amortization Calculator
Generate a year-by-year amortization schedule for any loan.
Understanding Amortization
An amortization schedule reveals exactly how each payment is split between principal and interest. In the early years of a long mortgage, most of each payment goes toward interest — which is why making extra payments early can save tens of thousands of dollars over the life of the loan.
FAQ — Amortization Calculator
Why is so little going to principal at first?
Interest is charged on the outstanding balance, which is highest at the start.