Finance Loan Amortization Schedule
See a month-by-month loan schedule with interest, principal and balance.
The monthly payment result is the fixed amount due each month, and the schedule below it splits each payment into interest on the remaining balance and principal that reduces that balance.
Worked example
For example, a $200,000 loan at 6.5% per year over 20 years gives a monthly payment of $1,491.15; in month 1, $1,083.33 of that payment is interest and $407.81 is principal, leaving a balance of $199,592.19.
Frequently asked questions
How does the amortization schedule work?
Each monthly payment is split into interest on the remaining balance and principal that reduces the balance.
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