Amortization Schedule Calculator
Generate a detailed loan amortization schedule with monthly breakdown of principal and interest payments.
Amortization Schedule
| Month | Date | Payment | Principal | Interest | Balance |
|---|
How Amortization Works
Amortization is the process of spreading a loan into a series of fixed payments over time. Each payment covers both principal and interest. The formula is: PMT = P × r(1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the total number of payments. With each payment, the interest portion decreases while the principal portion increases.
About this Calculator
The Amortization Schedule Calculator is a free, easy-to-use tool for loan, schedule, principal. Simply enter your values and get instant, accurate results — no signup required. All calculations run locally in your browser, so your data stays completely private.
Privacy Note: All calculations are performed locally in your browser. No data is ever sent to a server or third party.