Amortization Calculator
Estimate payment, remaining balance, and principal paid for an amortized loan.
Monthly payment
$1,580.17
Remaining balance
$234,027.44
Principal paid
$15,972.56
Total interest
$78,837.65
Amortization schedule with extra payments
Full schedule is available in the CSV download.
| Payment | Payment amount | Principal | Interest | Total interest | Balance |
|---|---|---|---|---|---|
| 1 | $1,580.17 | $226.00 | $1,354.17 | $1,354.17 | $249,774.00 |
| 2 | $1,580.17 | $227.23 | $1,352.94 | $2,707.11 | $249,546.77 |
| 3 | $1,580.17 | $228.46 | $1,351.71 | $4,058.82 | $249,318.31 |
| 4 | $1,580.17 | $229.70 | $1,350.47 | $5,409.29 | $249,088.61 |
| 5 | $1,580.17 | $230.94 | $1,349.23 | $6,758.52 | $248,857.67 |
| 6 | $1,580.17 | $232.19 | $1,347.98 | $8,106.50 | $248,625.48 |
| 7 | $1,580.17 | $233.45 | $1,346.72 | $9,453.23 | $248,392.04 |
| 8 | $1,580.17 | $234.71 | $1,345.46 | $10,798.68 | $248,157.32 |
| 9 | $1,580.17 | $235.98 | $1,344.19 | $12,142.87 | $247,921.34 |
| 10 | $1,580.17 | $237.26 | $1,342.91 | $13,485.78 | $247,684.07 |
| 11 | $1,580.17 | $238.55 | $1,341.62 | $14,827.40 | $247,445.53 |
| 12 | $1,580.17 | $239.84 | $1,340.33 | $16,167.73 | $247,205.69 |
| 13 | $1,580.17 | $241.14 | $1,339.03 | $17,506.76 | $246,964.55 |
| 14 | $1,580.17 | $242.45 | $1,337.72 | $18,844.48 | $246,722.10 |
| 15 | $1,580.17 | $243.76 | $1,336.41 | $20,180.89 | $246,478.34 |
| 16 | $1,580.17 | $245.08 | $1,335.09 | $21,515.98 | $246,233.26 |
| 17 | $1,580.17 | $246.41 | $1,333.76 | $22,849.75 | $245,986.86 |
| 18 | $1,580.17 | $247.74 | $1,332.43 | $24,182.18 | $245,739.12 |
| 19 | $1,580.17 | $249.08 | $1,331.09 | $25,513.26 | $245,490.03 |
| 20 | $1,580.17 | $250.43 | $1,329.74 | $26,843.00 | $245,239.60 |
| 21 | $1,580.17 | $251.79 | $1,328.38 | $28,171.38 | $244,987.81 |
| 22 | $1,580.17 | $253.15 | $1,327.02 | $29,498.40 | $244,734.66 |
| 23 | $1,580.17 | $254.52 | $1,325.65 | $30,824.05 | $244,480.13 |
| 24 | $1,580.17 | $255.90 | $1,324.27 | $32,148.31 | $244,224.23 |
Showing 24 of 360 rows. Download CSV for the full schedule.
Principal vs interest by year
Yearly principal and interest split.
Formula
Remaining balance = loan balance after the selected number of monthly payments.
The amortization calculator summarizes a fixed-rate loan after a chosen number of payments.
How to Use
The amortization calculator summarizes a fixed-rate loan after a chosen number of payments. Fill in Principal, Annual rate, Years, Payments made, and Extra payment, then review the calculated Monthly payment, Remaining balance, Principal paid, and Total interest.
- Open the calculator : Start with Amortization Calculator.
- Enter values : Fill in the required inputs and any optional settings.
- Review the result : Read the output and use the about page for more detail if needed.
Common Questions
What does the Amortization Calculator estimate?
Estimate payment, remaining balance, and principal paid for an amortized loan.
What can change the estimate?
This is an estimate, so taxes, fees, payment timing, compounding, and changing returns can move the result.