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Calculator 02

Amortization Schedule

Every payment in the life of a loan, switchable month-wise and year-wise, with running totals. Illustrative figures only.

The loan
What you borrow, after the down payment
$
Illustrative, not a quote
%
years
Optional — set 0 for the contractual schedule
$
Balance and cumulative cost
$0$250k$500k$750k$1Myr 1yr 8yr 16yr 23yr 30Principal paidInterest paidBalance
Principal paid (filled)Interest paid (hatched)Balance remaining (dotted)
The crossover
$0$13k$25k$38k$50kyr 1yr 8yr 16yr 23yr 30PrincipalInterest
Principal per year (solid)Interest per year (dashed)

The point where the solid line rises above the dashed one is the year your payment starts doing more for you than for the lender.

Monthly principal & interest

$2,402

Plus any extra you choose to add. Escrow is not included.

  • First payment: interest$2,058
  • First payment: principal$344
  • Balance after year 1$375,753
Over the whole loan
  • Total interest$484,669
  • Total of payments$864,669
  • Interest per dollar borrowed1.28
  • Paid off in30 yrs
The schedule
Amortisation schedule showing the payment, principal, interest, running interest total and remaining balance for each period.
MonthPaymentPrincipalInterestInterest to dateBalance
1$2,402$344$2,058$2,058$379,656
2$2,402$345$2,056$4,115$379,311
3$2,402$347$2,055$6,169$378,964
4$2,402$349$2,053$8,222$378,615
5$2,402$351$2,051$10,273$378,264
6$2,402$353$2,049$12,322$377,911
7$2,402$355$2,047$14,369$377,556
8$2,402$357$2,045$16,414$377,199
9$2,402$359$2,043$18,457$376,840
10$2,402$361$2,041$20,498$376,480
11$2,402$363$2,039$22,538$376,117
12$2,402$365$2,037$24,575$375,753
13$2,402$367$2,035$26,610$375,386
14$2,402$369$2,033$28,644$375,018
15$2,402$371$2,031$30,675$374,647
16$2,402$373$2,029$32,704$374,275
17$2,402$375$2,027$34,732$373,900
18$2,402$377$2,025$36,757$373,523
19$2,402$379$2,023$38,780$373,145
20$2,402$381$2,021$40,801$372,764
21$2,402$383$2,019$42,821$372,381
22$2,402$385$2,017$44,838$371,997
23$2,402$387$2,015$46,853$371,610
24$2,402$389$2,013$48,865$371,221

Payments 1–24 of 360

Illustrative figures. Every number on this page — including the rates in the default values — is an illustration produced from the inputs above. Nothing here is a quote, a rate lock, an APR, a Loan Estimate or an offer of credit.

What this page assumes. A fixed rate held for the whole term, twelve equal payments a year, extra principal applied on the same day as the scheduled payment, and no fees, escrow or prepayment penalty. Servicers round differently, so a real statement will differ by pennies.

This calculator provides estimates for educational purposes only. Results are not a Loan Estimate, pre-approval, or commitment to lend, and may not reflect taxes, insurance, HOA dues, or other costs. Contact a loan officer for an accurate quote.

Rates shown are for illustrative purposes only, are not a quote or guarantee, and do not reflect a specific offer. Actual rates depend on credit score, loan amount, loan-to-value, occupancy, and other factors, and change daily. Contact us for a personalized rate quote.

Share this resultSection 03

Your inputs live in this page’s web address. Copy the link and whoever opens it lands on exactly these numbers — no account, no saved data, nothing tracked.

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Nothing is sent on this demonstration site. There is no mail server behind this button, no address is stored, and no one is emailed. It is here to show the interaction. To actually send these figures, usethis email link, which opens your own mail app with the link already in it.

That is the thank-you state.

And to be completely clear: no email was sent and your address was not stored or transmitted anywhere. This is a demonstration site. To send the figures for real, usethis email link.

Talk it throughSection 04

Have a loan officer look at these numbers

A calculator can only work with what you type. If you would like a person to sanity-check the assumptions, this is the form a real site would use.

This is a demonstration site. Submitting this form validates the fields and shows you the thank-you state, and that is all it does. Nothing is stored, nothing is transmitted, no one receives it and no one will call you. On a live site this exact form posts through a single function (submitLead()) into a CRM or webhook.

Thank you — that is the whole interaction.

Your details were validated and then discarded in your own browser.Nothing was stored and nothing was sent, so please do not wait for a call. If you would like to reach a real person about a real loan, the contact details on this site are the honest route.

How to read a schedule

Four columns tell you almost everything. Read them in this order and the loan stops being mysterious.

Interest

Last month's balance multiplied by one twelfth of the rate. It is the rent on the money, and it falls only when the balance falls.

Principal

Whatever is left of the payment after interest. It is the only part that is actually yours, and it grows every month by exactly the amount interest shrinks.

Interest to date

The running total. On a long loan this is the number that surprises people, and it is the number an overpayment attacks.

Balance

What you would owe if you sold that month. Compare it with what the property is worth and you have your equity.

The other calculators

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Calculator FAQ

Questions about amortisation

What is an amortisation schedule?

It is the full repayment plan for a loan: one line per payment, showing how much of that payment is interest, how much retires principal, and what is left owing afterwards. Because interest is charged on the outstanding balance, the split shifts a little every single month — which is why the schedule is more informative than any single monthly figure.

Why is almost all of my early payment interest?

Interest is charged on what you still owe, and at the start you owe nearly everything. On a 30-year loan at a typical rate, the first payment is usually around three-quarters interest. The share falls every month, slowly at first and then quickly, and the schedule below shows exactly where the balance tips.

What is the difference between the month and year views?

The month view is the literal schedule — one row per payment. The year view rolls twelve payments into one line so you can scan a 30-year loan without paging through 360 rows. The totals are identical either way; the year rows simply add up the twelve months inside them and carry the balance from the last one.

How does an extra payment change the schedule?

Extra money goes straight against principal, so the balance drops immediately and every future interest charge is calculated on a smaller number. The effect compounds: a modest recurring overpayment can remove years from the end of the schedule. Add an amount here to see it, or use the extra payment calculator for the full comparison.

Does the schedule include taxes and insurance?

No — deliberately. Escrow items are not part of amortisation, they are a separate bill collected alongside it, and they change from year to year. This schedule shows only what the loan itself does. Use the mortgage payment calculator for the full monthly cost including escrow.

Will my lender’s schedule match this one exactly?

It will be very close but not identical to the cent. Servicers differ on rounding, on the day count they use for interest, and on how they treat a first payment that is not a full month after closing. Treat this as an accurate model of the shape of your loan rather than a statement of account.

Curious what your real schedule looks like?

Bring your loan number and a loan officer can walk the actual figures with you.

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