Amortization Schedule
See every payment over the life of your loan
Generator
Generate Amortization Schedule
Enter your loan details to see a year-by-year breakdown of principal paid, interest paid, and remaining balance.
Frequently Asked Questions
How does amortization work?
Each payment is split between interest and principal. Early payments are mostly interest; later payments are mostly principal. Over time, as the balance decreases, more of each payment goes toward principal.
How much do extra payments save?
Even small extra payments can save tens of thousands in interest and shave years off your mortgage. An extra $200/month on a $320K, 6.5%%, 30-year loan saves about $95,000 in interest and pays it off 7 years early.
Should I make extra payments or invest?
Compare your mortgage rate to expected investment returns after tax. If your mortgage is 6.5%% and you expect 7%% returns, it's roughly a wash. But paying off the mortgage is a guaranteed return, while investments carry risk.
Amortization Schedule Generator
See a year-by-year amortization schedule for your mortgage. Track principal paydown, interest paid, and remaining balance. See the impact of extra payments on total interest and payoff date.