Amortization Schedule Calculator
Generate your amortization schedule. See how extra payments reduce principal and save thousands in interest.
Loan Details
Mortgage Free Date
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Save 0 Years!
Total Interest
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Cost of borrowing
Interest Saved
$0
by paying extra
Balance History
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Amortization Schedule
| Date | Payment | Principal | Interest | Extra | Balance |
|---|---|---|---|---|---|
| Enter loan details and click Calculate to view schedule. | |||||
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Frequently Asked Questions
How does an amortization schedule work?
It is a table listing every periodic payment. Early payments cover mostly interest, while later payments cover mostly principal.
Do extra payments go to principal?
Yes, typically extra payments reduce the principal balance directly, which lowers total interest owed.
How much time will I save?
Paying extra reduces the number of interest cycles, effectively shortening your loan term by months or years.
Bi-weekly vs Monthly?
Bi-weekly payments result in 13 full payments per year instead of 12, accelerating your payoff.
Can I print this?
Yes, use your browser's Print function. The table is formatted to print cleanly.