Amortization schedule
Monthly payment, total interest and yearly schedule with chart.
- Instant
- Free
- Private (processed locally)
- No sign-up
Understand the true cost of your loan
Enter the amount, rate and term: get the monthly payment, total interest, a remaining-balance chart and the yearly breakdown.
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Enter the parameters
Amount, rate, term.
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Read the payment
And the interest cost.
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Explore the schedule
Principal vs interest per year.
What you get
- The exact monthly payment
- Total paid and total interest
- A chart of the remaining balance
- The year-by-year table (principal, interest, balance)
Example: 200,000 over 25 years at 5%
| Item | Value |
|---|---|
| Amount | 200,000 |
| Annual rate | 5% |
| Term | 25 years (300 months) |
| Monthly payment | ≈ 1,169 |
| Total interest | ≈ 150,754 |
Estimate excluding insurance and fees. Everything is computed in the browser; no personal data is sent.
Frequently asked questions
How is the monthly payment computed?
With the standard amortizing-loan formula: M = P·r / (1 − (1+r)⁻ⁿ), where P is the principal, r the monthly rate (annual rate ÷ 12) and n the number of payments. If the rate is zero, M = P / n.
What is the amortization schedule?
For each period it splits the payment into interest (on the remaining balance) and principal. Early on, interest dominates; near the end it is mostly principal. The tool aggregates the detail by year.
Why is total interest so high?
The longer the term, the more total interest you pay, even though the monthly payment drops. The remaining-balance chart shows the payoff speed; shortening the term sharply cuts the total cost.
Are my figures sent anywhere?
No. All computation happens in your browser. It is an estimate excluding insurance, fees or variable rates; confirm the exact offer with your bank.