Finance Tools

Loan AmortizationCalculator

Generate complete loan amortization schedule. See principal, interest, and balance for every payment over the life of your loan.

Amortization Schedule

Loan Summary

Monthly Payment$1,799P&I
Total Interest$347,515over life

Payment Breakdown

1st Payment Interest$1,500
1st Payment Principal$299
Balance After 1 Year$296,000
Balance After 5 Years$279,000
Payoff with Extra360 months

Amortization Facts

  • Early payments = mostly interest
  • Later payments = mostly principal
  • Extra payments reduce principal
  • Even small extras save big

Extra Payment Impact

  • $100 extra = years off loan
  • One extra payment/year helps
  • Bi-weekly payments = 13th month

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