Loan Amortization Calculator
Summary
Breaks down each loan payment over time, showing how much goes to interest vs. principal.
Example
A $50,000 loan at 4% for 5 years shows an amortization schedule.
Explanation of Results
The results provide a detailed payment schedule, illustrating how early payments are mostly interest, with a gradual shift toward paying off the loan balance (principal) as the loan matures.
