An amortization schedule lists every payment on a fixed-rate loan, split into interest and principal, with the balance left after each one. Each month's interest is the remaining balance times the annual rate divided by 12, and the rest of the payment reduces the balance. Enter the loan amount, rate and term to get the monthly and yearly tables, and add extra payments to see a new payoff date. add taxes, insurance and PMI to the payment · see how extra payments shorten the loan · compare a refinance.
Estimates for planning, not a loan offer or financial advice. Every rate and cost here is a number you enter or an example you can change; confirm figures with your lender.
#
Month
Payment
Interest
Principal
Balance
1
$1,539.29
$1,302.08
$237.21
$249,762.79
2
$1,539.29
$1,300.85
$238.45
$249,524.35
3
$1,539.29
$1,299.61
$239.69
$249,284.66
4
$1,539.29
$1,298.36
$240.94
$249,043.72
5
$1,539.29
$1,297.10
$242.19
$248,801.53
6
$1,539.29
$1,295.84
$243.45
$248,558.08
7
$1,539.29
$1,294.57
$244.72
$248,313.36
8
$1,539.29
$1,293.30
$245.99
$248,067.37
9
$1,539.29
$1,292.02
$247.28
$247,820.09
10
$1,539.29
$1,290.73
$248.56
$247,571.53
11
$1,539.29
$1,289.44
$249.86
$247,321.67
12
$1,539.29
$1,288.13
$251.16
$247,070.51
Reading an amortization schedule
Every row is one monthly payment. The interest column is the balance before the payment times the monthly rate (the annual rate divided by 12). The principal column is the rest of the payment, and the balance column is what you still owe afterwards. Because the payment is fixed and the balance falls, interest shrinks and principal grows a little every month.
In the example above, a $250,000 loan at 6.25% for 30 years costs $1,539.29 a month. The first payment includes $1,302.08 of interest and only $237.21 of principal. By payment 180, halfway through, the balance is still $179,526, more than half of the original loan, which is why extra principal early in the loan saves so much interest.
Monthly or yearly view
The monthly view lists all payments with calendar months from the first payment date you enter. The yearly view adds up interest and principal for each loan year, which is handy for comparing with the Form 1098 your servicer sends for taxes (the 1098 follows the calendar year, so match the months).
Adding extra principal
Enter an amount in extra principal per month and the table recalculates: the regular payment stays the same, the extra goes straight to the balance, and the schedule ends sooner. For yearly bonuses, a one-time lump sum or bi-weekly payments, use the early payoff calculator, which compares each strategy with your current schedule.
Printing and saving
Print / PDF opens your browser's print dialog with a clean layout: navigation and buttons are hidden and the full table prints across as many pages as it needs. The share button copies a link that reopens the schedule with the same loan, rate, term and start month, so you can keep it with your loan documents or send it to someone helping you plan.
For the full monthly payment including taxes, insurance and PMI, use the mortgage calculator. To see when PMI can come off, use the PMI removal calculator, which reads this same schedule.
Frequently asked questions
How is the interest in each payment calculated?
Multiply the remaining balance by the annual rate and divide by 12. On a $250,000 loan at 6.25%, the first month's interest is $1,302.08; the rest of the payment goes to principal, so the next month's interest is a little lower.
What is an amortization schedule?
A table that lists every scheduled loan payment with the part that pays interest, the part that pays principal, and the balance left afterwards. On a fixed-rate loan the payment stays the same while the interest share shrinks each month.
Can I print the schedule or save it as a PDF?
Yes. Use the Print / PDF button. The printout includes the loan summary and the full table; on a phone choose Save as PDF in the print dialog.
How do extra payments change the schedule?
Extra principal lowers the balance immediately, so every later month charges less interest and the loan ends earlier. Enter an extra monthly amount to see the new payoff month; the early payoff calculator also handles yearly, lump-sum and bi-weekly extras.
Why does my lender's schedule differ by a few cents?
Lenders round each month's interest to the cent and may adjust the final payment. This schedule keeps full precision and rounds only for display, so individual months can differ by a cent or two.