Amortization Schedule Calculator
Enter the loan amount (or "principal") in dollars, the loan term in years, and the interest rate (e.g., 4.125).Our mortgage calculator will tell you the expected monthly payment (NOT including any property taxes or homeowner's insurance), and the amortization schedule will show you how these monthly payments will gradually pay down the debt.
For each month, the amortization schedule shows how much of the monthly payment is interest on the outstanding loan balance, and how much is repayment of principal that goes toward reducing the loan balance.
The amortization schedule also shows the total amounts of interest and principal paid, both per year and over the entire term of the loan.