This amortization calculator generates a full payment schedule for a fixed-rate loan. For each payment it shows how much goes toward principal, how much is interest, and how the remaining balance declines over time.
Use it to understand the long-term cost of a mortgage or other loan, see how extra payments could shorten the term, and analyze different interest-rate scenarios.
Enter your information in the fields above, run the calculation, and review the result to understand what it means for your situation.
Look at the output in the context of your overall goals rather than in isolation. Consider how sensitive the result is to changes in your inputs (for example, adjusting the amount, rate, or time) to understand which factors matter most.
This tool is a simplified model and does not capture every nuance of real life. Treat it as a planning aid, not a guarantee. For important financial or health decisions, combine these results with professional advice and more detailed analysis.