An amortization schedule is a complete table of your loan payments. It shows how much of each payment goes toward interest and how much goes toward your principal (the original loan amount).

Enter your total Loan Amount.
Enter your Annual Interest Rate (%).
Enter your Loan Term (in Years). Click “Calculate” to see your full payment schedule

Your total monthly payment.
The portion of that payment covering interest.
The portion of that payment reducing your loan balance (principal).
Your new, remaining loan balance after each payment.

Yes. This calculator works for any standard, fixed-rate loan, including auto/car loans, mortgages, and personal loans.

With each payment, you first pay the interest charged for that month. The rest of your payment goes to lowering your loan’s principal balance. As your balance drops, the interest charged also drops, so more of your next payment goes to principal.

This calculator shows your schedule with regular payments. It doesn’t automatically recalculate for extra payments. However, you can see how paying extra principal shortens your loan by contacting your lender.

No. This tool calculates a “fully amortizing” loan, which means the balance is $0 at the end of the term. It does not calculate schedules that have a large, single “balloon” payment at the end.

They are very similar. A “repayment schedule” might just list payment dates and amounts. An “amortization schedule” specifically gives you the detailed breakdown of principal vs. interest for each of those payments.

You can always get your official schedule from your lender (your bank, mortgage provider, or auto finance company). It is often available on your online loan portal.

You typically can’t change the loan’s interest rate or term without refinancing. However, you can accelerate the schedule by making extra principal payments, which pays off the loan faster and saves you money on interest.