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How it works
Formula & explanation
Amortization Calculator uses the following calculation:
Balancet = Balancet-1 × (1+r) − Payment
This is a simplified model intended for planning and education. Real-world offers from lenders, institutions, or tax authorities may include additional fees, rules, or adjustments not reflected here.
FAQ
Frequently asked questions
What is an amortization schedule?
It's a table showing, for every payment period, how much goes to interest versus principal, and the resulting remaining balance.
Why does more of my payment go to principal over time?
Interest is charged on the remaining balance, so as the balance shrinks, the interest portion of each fixed payment shrinks too — leaving more to pay down principal.
Can I export or print this schedule?
This page shows an annual summary; use your browser's print function to save a copy for your records.
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