Loan Amortization Schedule

About this tool

See exactly how a fixed-rate loan pays down over time — how much of each monthly payment goes to interest versus principal, and the remaining balance after every payment. Early payments are mostly interest; later payments are mostly principal, which is normal for how amortized loans work.

Frequently asked questions

Why is so little of my early payments going toward the principal?

Interest is calculated on the remaining balance each month, which is largest at the very start of the loan — as the balance shrinks over time, less of each payment goes to interest and more goes to paying down principal, even though the total payment stays the same.

Does the last payment always come out exactly even?

Yes — the final payment is adjusted slightly to clear any tiny rounding remainder, so the balance reaches exactly zero rather than a fraction of a cent off.

Can I see the schedule for a shorter loan, like a car loan?

Yes — this works for any fixed-rate, fixed-term loan, not just mortgages. Enter the loan amount, rate, and term in years for a car loan, personal loan, or any other amortizing loan.