Loan Amortization Calculator
Summary
Generates a full month-by-month amortization schedule showing how each payment is split between principal and interest over the life of the loan.
Example
A $50,000 loan at 5% for 10 years results in a $530.33 monthly payment, with total interest paid of $13,639 over 120 months.
Explanation of Results
Monthly Payment is the fixed amount due each month including any extra payment. Base Monthly Payment is the standard payment without extras. Total Interest Paid is the total cost of borrowing above the principal. The schedule shows how early payments are interest-heavy, gradually shifting toward principal as the balance decreases.
