Amortization Schedule Calculator

Calculate loan amortization schedule. See principal and interest breakdown for any payment, remaining balance, and total interest.

Loan Amount

Annual Interest Rate

Loan Term

years

Payment Number

Monthly Payment

$1,264.14

Remaining Balance

$199,819.2

Total Interest

$255,088.98

Interest Payment$1,083.33

Principal Payment$180.8

Total Cost$455,088.98

Monthly Payment

$1,264.14

Remaining Balance

$199,819.2

Total Interest

$255,088.98

How to Use This Calculator

Start by filling in the input fields below. Results update instantly as you type, so you can experiment with different values to see how they affect the outcome.
Loan Amount — Principal loan amount default: 200,000.
Annual Interest Rate — Annual interest rate default: 6.5.
Loan Term — Loan term in years default: 30 years.
Payment Number — Which payment to analyze (default: 1) Minimum value: 1 (default: 1).
Once all inputs are set, review your results in the Results panel. Here's what each output means:
Monthly Payment — shown as a dollar amount. This is the primary result of this calculator.
Remaining Balance — shown as a dollar amount. This is the primary result of this calculator.
Total Interest — shown as a dollar amount. This is the primary result of this calculator.
Interest Payment — shown as a dollar amount.
Principal Payment — shown as a dollar amount.
Total Cost — shown as a dollar amount.
Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.

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Formula

Monthly Payment = P × [r(1+r)^n] / [(1+r)^n - 1]

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