About Amortization Calculator
Calculate loan amortization schedules showing how each payment is split between principal and interest. Understand how your loan balance decreases over time and see the complete payment breakdown.
Amortization Tips
- Early Payments: Mostly interest, little principal
- Later Payments: Mostly principal, little interest
- Extra Payments: Reduce total interest and loan term
- Bi-weekly: 26 payments per year vs 12 monthly
- Refinancing: Consider when rates drop significantly
- Prepayment Penalties: Check for early payoff fees