Amortization Table Calculator

Select currency, enter value and click on calculate. Result will be displayed.
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Total Loan Amount:
Annual Interest Rate:
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Repayment Period:
Years
Monthly Payment:
Total Payment:
Total Interest Payments:
Year
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An Amortization Table Calculator is a tool that provides a detailed schedule of loan payments over the term of the loan, showing how much of each payment goes toward the principal balance and how much goes toward interest.

What an Amortization Table Shows:
Payment Number: Each individual monthly payment (or installment).
Payment Amount: The total amount paid for that installment (which typically remains the same for fixed-rate loans).
Principal Payment: The portion of the payment that goes toward reducing the loan balance.
Interest Payment: The portion of the payment that goes toward paying the interest on the remaining balance.
Remaining Balance: The amount left on the loan after the payment is made.
Cumulative Interest Paid: The total amount of interest paid up to that point.
Why Use an Amortization Table?
Tracking Progress: It shows how the balance of your mortgage decreases over time, which helps you track how much of each payment is going toward the principal versus interest.
Interest Insights: Since mortgage payments are front-loaded with interest, an amortization table helps you see how much you're paying in interest over the life of the loan.
Planning Extra Payments: It's a useful tool for planning extra payments or paying off your loan early. You can input extra payments into the table to see how they affect the balance and the interest paid.
How It Works:
Loan Amount (Principal): The total amount you borrow.
Interest Rate: The fixed annual interest rate on the loan.
Term of Loan: The length of the loan (e.g., 30 years, 15 years).
Payment Frequency: Typically monthly, but some calculators may allow for other frequencies.