See a complete payment-by-payment amortization schedule for any loan, and find out how much interest and time an extra monthly payment can save you.
How to use Amortization Calculator
Enter the loan amount, rate, and term.
Optionally add an extra monthly payment.
Review the schedule and the interest and time saved.
Frequently asked questions
What does an extra payment do?
Extra principal each month shortens the loan and cuts total interest. The calculator shows the new payoff time and the interest you save versus the original schedule.
What is in the schedule?
Every payment, split into principal and interest, with the remaining balance after each — so you can see how the loan pays down over time.