Amortization Schedule Generator
Schedule Summary
Monthly Payment (P&I)
Total Principal
Total Interest
Complete Amortization Table
| Pmt No. | Interest portion | Principal portion | Ending Balance |
|---|
What Exactly is an Amortization Schedule?
An amortization schedule is a complete table of every single loan payment over the entire life of the loan. For each month, it shows exactly how much of your payment goes toward interest, how much reduces the principal balance, and what the remaining balance is after that payment. It is the most transparent way to understand the true cost of borrowing.
How True Amortization Works
In the early months of your loan, most of your payment covers interest because the outstanding balance is high. As you continue paying down the principal, the interest portion shrinks and more of your payment builds equity. This schedule makes that gradual shift completely visible month by month.
Frequently Asked Questions
Can I use this for a 15-year mortgage?
Yes. Enter your loan principal, the annual interest rate, and 15 as the loan term in years. The generator will produce a complete 180-row schedule showing every monthly payment breakdown for the entire 15-year mortgage term.