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Amortization Calculator

A standard amortizing-loan calculator. Enter amount, APR, and term to get the payment and a schedule that splits each month into principal and interest so you can see how the balance falls.

Principal only. Must be greater than zero.

Annual percentage rate. 0% is allowed.

Whole or decimal years. Combined with extra months below.

Added to the year term. Example: 5 years + 6 months.

Used only to label the schedule and estimate a payoff date.

Payment estimate

Monthly P&I
$1,896.20
Number of payments
360
Total of payments
$682,636.71
Total interest
$382,636.71

Estimate of principal and interest only. Not a loan offer, not taxes, insurance, or escrow, and not a rate quote.

Amortization schedule

Year-by-year principal versus interest
YearPrincipalInterestRemaining
$3,353.12$19,401.28$296,646.88
Month 1$271.20$1,625.00$299,728.80
Month 2$272.67$1,623.53$299,456.13
Month 3$274.15$1,622.05$299,181.98
Month 4$275.63$1,620.57$298,906.35
Month 5$277.12$1,619.08$298,629.23
Month 6$278.63$1,617.57$298,350.60
Month 7$280.13$1,616.07$298,070.47
Month 8$281.65$1,614.55$297,788.82
Month 9$283.18$1,613.02$297,505.64
Month 10$284.71$1,611.49$297,220.93
Month 11$286.25$1,609.95$296,934.68
Month 12$287.80$1,608.40$296,646.88
$3,577.68$19,176.72$293,069.20
$3,817.29$18,937.11$289,251.91
$4,072.94$18,681.46$285,178.97
$4,345.71$18,408.69$280,833.26
$4,636.75$18,117.65$276,196.51
$4,947.30$17,807.10$271,249.21
$5,278.62$17,475.78$265,970.59
$5,632.13$17,122.27$260,338.46
$6,009.32$16,745.08$254,329.14
$6,411.79$16,342.61$247,917.35
$6,841.18$15,913.22$241,076.17
$7,299.36$15,455.04$233,776.81
$7,788.20$14,966.20$225,988.61
$8,309.84$14,444.56$217,678.77
$8,866.33$13,888.07$208,812.44
$9,460.12$13,294.28$199,352.32
$10,093.70$12,660.70$189,258.62
$10,769.69$11,984.71$178,488.93
$11,490.95$11,263.45$166,997.98
$12,260.53$10,493.87$154,737.45
$13,081.64$9,672.76$141,655.81
$13,957.73$8,796.67$127,698.08
$14,892.51$7,861.89$112,805.57
$15,889.89$6,864.51$96,915.68
$16,954.05$5,800.35$79,961.63
$18,089.49$4,664.91$61,872.14
$19,300.99$3,453.41$42,571.15
$20,593.64$2,160.76$21,977.51
$21,977.51$781.60$0.00

Tap a year to see that year’s monthly rows. A 30-year loan has 360 months; the yearly view keeps the table usable.

Frequently asked questions

What is an amortization schedule?

A table of each payment showing how much goes to interest vs principal and the remaining balance.

What formula is the payment?

M = P × r(1+r)^n / ((1+r)^n − 1), with r as the monthly rate and n as the number of months.

Does this include taxes and insurance?

No. It models principal and interest only. Escrow is extra.

Can I model extra payments?

This page is the standard schedule. Use the Mortgage Payoff Calculator for extra monthly or lump-sum principal and interest saved.

Is this a loan offer?

No. Enter a quoted rate. This page does not pull live lender rates.

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