📋 Amortization Calculator

Create detailed loan payment schedules showing exactly how much principal and interest you pay each month.

Total amount borrowed
Annual interest rate
Length of loan in years
First payment date

Understanding Amortization

📈 Payment Breakdown

Each payment contains both principal and interest. Early payments are mostly interest, while later payments are mostly principal.

📊 Schedule Benefits

See exactly when you'll pay off your loan, how much interest you'll pay each year, and how extra payments can save money.

💰 Interest Savings

Use the schedule to identify the best times to make extra principal payments for maximum interest savings.