Amortization Calculator
View a complete amortization schedule for your loan, showing principal and interest for each payment.
Frequently Asked Questions
What is amortization?
Amortization is the process of paying off a debt over time through regular payments.
Why is interest higher at the beginning?
Interest is calculated on the remaining balance. Since the balance is highest at the start, the interest portion is also highest.
Can I pay off my loan early?
Yes, making extra payments goes directly towards the principal, reducing the total interest you pay and shortening the loan term.