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Amortization Schedule Calculator

See how each year of a loan splits between principal and interest, with the remaining balance.

How to use

  1. Enter the loan amount, rate and term.
  2. See the monthly payment.
  3. Read the yearly table to watch principal grow and interest shrink.
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FAQ

What is an amortization schedule?

It shows how each payment is split between interest and principal over the life of a loan, and the remaining balance.

Why is early interest so high?

Interest is charged on the outstanding balance, which is largest at the start, so early payments are mostly interest.

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