Loan Amortization Schedule
A full repayment table for a loan: how much of each payment is interest and how much reduces the balance.
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How to do it
- 1Add the text
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- 2See the result
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- 3Copy it
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About this tool
Enter the amount, the yearly interest rate and the number of years. You get the monthly payment, the total interest and a table by year or by month with principal, interest and the remaining balance. It helps you see how interest is heavy in the early years.
Frequently asked questions
What is an amortization schedule?
A table that shows how every payment is split between interest and principal until the loan is paid off.
Why is the interest high at the start?
Interest is charged on the outstanding balance, which is largest at the beginning.
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