Loan Amortization Schedule Generator

Generate a detailed amortization schedule for any loan. See principal vs interest breakdown for every payment.

Loan Amount

Total amount borrowed (principal)

Interest Rate (%)

Annual interest rate on your loan

Loan Term

Duration of the loan in years

Extra Monthly Payment

Optional additional payment each month to pay off faster

Monthly Payment

Your total monthly outlay including extras

$1,580.17

Total Interest

Total interest paid over the loan’s life

$318,861.22

Payoff Time

How long until your loan is fully repaid

30y 0m

Total Paid

Total of all payments over the loan term

$568,861.22

Year	Principal Paid	Interest Paid	Remaining Balance
1	$2,794.31	$16,167.73	$247,205.69
2	$2,981.45	$15,980.59	$244,224.23
3	$3,181.13	$15,780.91	$241,043.10
4	$3,394.17	$15,567.87	$237,648.93
5	$3,621.49	$15,340.55	$234,027.44
6	$3,864.03	$15,098.02	$230,163.42
7	$4,122.81	$14,839.23	$226,040.61
8	$4,398.92	$14,563.12	$221,641.69
9	$4,693.52	$14,268.52	$216,948.17
10	$5,007.86	$13,954.18	$211,940.32
11	$5,343.24	$13,618.80	$206,597.07
12	$5,701.09	$13,260.95	$200,895.99
13	$6,082.90	$12,879.14	$194,813.09
14	$6,490.28	$12,471.76	$188,322.80
15	$6,924.95	$12,037.09	$181,397.85
16	$7,388.73	$11,573.31	$174,009.13
17	$7,883.56	$11,078.48	$166,125.56
18	$8,411.54	$10,550.50	$157,714.02
19	$8,974.88	$9,987.16	$148,739.15
20	$9,575.94	$9,386.10	$139,163.21
21	$10,217.26	$8,744.78	$128,945.95
22	$10,901.53	$8,060.51	$118,044.42
23	$11,631.62	$7,330.42	$106,412.80
24	$12,410.61	$6,551.43	$94,002.18
25	$13,241.78	$5,720.26	$80,760.41
26	$14,128.60	$4,833.44	$66,631.80
27	$15,074.82	$3,887.22	$51,556.98
28	$16,084.41	$2,877.63	$35,472.57
29	$17,161.61	$1,800.43	$18,310.96
30	$18,310.96	$651.08	$0.00

Recommended Tools

LendingTree

Compare mortgage rates from multiple lenders. Get up to 5 offers in minutes.

Compare Mortgage Rates →

Bankrate

Find the best loan rates and financial products. Trusted by millions.

Check Today's Rates →

Credit Karma

Check your credit score for free and get personalized loan offers.

Check Your Score Free →

Rocket Mortgage

Get approved in minutes. America's largest mortgage lender.

Get Pre-Approved →

SoFi

Refinance student loans and mortgages at lower rates. No fees.

Check Your Rate →

NerdWallet

Compare credit cards, loans, and insurance. Free financial tools.

Compare Options →

We may earn a commission if you sign up through these links, at no extra cost to you.

See Every Payment in Detail

An amortization schedule reveals the true cost of your loan. For a $300,000, 30-year mortgage at 6.5%, you'll pay over $382,000 in interest — more than the original loan. Seeing this breakdown motivates many borrowers to make extra payments and save tens of thousands.

How to Read Your Amortization Schedule

Each row shows one payment period with four key columns: payment number, principal portion, interest portion, and remaining balance. In early years, 70-80% of each payment is interest. By the final years, nearly all of each payment goes to principal. Understanding this shift helps you make informed decisions about prepayment and refinancing.

Frequently Asked Questions

What is an amortization schedule?

An amortization schedule is a table showing each loan payment broken down into principal and interest, along with the remaining balance after each payment. It shows how your loan balance decreases over time.

Why does most of my payment go to interest at first?

Interest is calculated on the remaining balance. Since the balance is highest at the start, interest charges are largest in early payments. As you pay down the principal, more of each payment goes toward the loan balance.

How do extra payments affect my amortization schedule?

Extra payments go directly toward the principal, reducing the balance faster. This means less interest accrues on future payments, shortening the loan term and reducing total interest paid. Even one extra payment per year on a 30-year mortgage can cut 4-5 years off the term.