Loan Amortization Calculator
Generate a complete amortization schedule showing how each payment is split between principal and interest. See exactly how much you'll pay over the life of your loan.
Generate Your Amortization Schedule
Enter your loan details on the left and click "Generate Schedule" to see a complete breakdown of your payments.
What is Loan Amortization?
Amortization is the process of spreading out a loan into fixed payments over time. Each payment covers both the principal and interest, with the proportion changing throughout the loan term.
- Early payments: More interest, less principal
- Later payments: Less interest, more principal
- Fixed monthly payment throughout the term
How to Pay Off Your Loan Faster
Extra payments can significantly reduce your total interest and payoff time:
- Make biweekly payments (26 half-payments = 13 full payments/year)
- Round up your payment to the nearest $100
- Apply bonuses or tax refunds to principal
- Consider a 15-year term for lower total interest