Loan Amortization Calculator

About Loan Amortization

An amortization schedule shows how your loan payments are split between principal and interest over time. Early payments are mostly interest, while later payments are mostly principal.

Key Concepts

• Principal: The amount that goes towards reducing the loan balance.
• Interest: The cost of borrowing money.
• Balance: The remaining amount you owe.

How to Use

1. Enter the total loan amount.
2. Input the annual interest rate.
3. Set the loan term in years.
4. Generate the schedule to see the month-by-month breakdown.