Amortization Calculator
Generate complete loan amortization schedules. See how extra payments save interest and shorten your loan term.
Loan Details
💡 Extra payments save interest and shorten loan term
Regular Payment Amount
$0.00
Monthly payment
Total Interest Paid
$0.00
Cost of borrowing
Total Payments
$0.00
Principal + Interest
Payoff Date
—
Loan completion
With Extra Payment
$0.00
Monthly payment (incl. extra)
Interest Savings
$0.00
Total interest saved
Time Saved
0 months
Earlier payoff
New Payoff Date
—
With extra payments
Amortization Schedule
| Payment # | Date | Payment | Principal | Interest | Total Interest | Remaining Balance |
|---|---|---|---|---|---|---|
| Enter loan details and click Generate Schedule | ||||||
Yearly Amortization Summary
| Year | Total Payment | Principal Paid | Interest Paid | Ending Balance |
|---|
What is Amortization?
Loan repayment where each payment covers interest + principal, with more interest early on.
Extra Payments Benefits
Extra payments go directly to principal, reducing interest and shortening loan term.
Payment Frequency
More frequent payments reduce interest by lowering average principal balance.
Interest Savings
Even small extra payments can save thousands in interest over loan life.