Amortization Schedule Calculator
Enter a loan amount, rate, and term to see the monthly payment plus the complete amortization schedule below.
Last updated: September 5, 2026
Frequently asked questions
What's an amortization schedule?
A table showing every payment over the life of a loan, broken into how much goes to principal versus interest, plus the remaining balance after each payment - it shows exactly how the principal/interest split shifts over time, even though the total payment stays the same.
Why does more of my payment go to interest early on?
Interest is calculated on the remaining balance each period, and the balance is largest at the start of the loan - as principal gets paid down, the interest portion shrinks and more of each fixed payment goes toward principal instead.
Why is my last payment sometimes a different amount?
Rounding across many months of interest calculations can leave a few cents of balance remaining after the second-to-last scheduled payment - this calculator adjusts the final payment to clear the exact remaining balance rather than leaving a tiny leftover balance.
Is 'amortization schedule for loan' the same as this calculator?
Yes - enter your loan amount, rate, and term above to see the full amortization schedule for that loan, exactly what this phrase is asking for.
Does making one extra payment change the whole schedule?
Yes - an extra payment applied to principal reduces the balance that all future interest is calculated on, so every remaining line of the schedule shifts: less interest and more principal in each subsequent payment, and the loan finishes earlier than the original term.
How much interest do I pay in total on a $250,000 loan at 6% over 30 years?
The monthly payment is about $1,499, and over 360 payments that totals roughly $539,600 - meaning about $289,600 of it is interest, which the schedule breaks out payment by payment.
Is an amortization schedule the same as a loan payment calculator?
Related but not identical - a basic loan payment calculator just gives you the single monthly payment amount, while an amortization schedule shows that same payment split into principal and interest for every period, plus the running balance.