Amortization Schedule
See how much of each payment goes to principal vs. interest, year by year.
Monthly Payment
$2,022.62
Loan amount: $320,000
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
💡 Plain English: In the early years, most of your payment goes to interest. As the loan shrinks, more goes to principal. Over 30 years, you'll pay $408,142 in total interest.
About the Amortization Schedule
An amortization schedule shows every single payment over the life of your loan and how each payment splits between principal and interest. Early on, most of your payment goes to interest; over time, more and more goes to principal.
How this calculator works
Enter your loan amount, interest rate, and term. The calculator generates a table showing each monthly payment, the interest portion, the principal portion, and the remaining balance after every payment.
The math, in plain English
For each month: interest = remaining balance × monthly rate; principal = total payment − interest; new balance = old balance − principal. This repeats for every month of the loan term.
Key terms
- •Amortization — the process of paying off a loan in regular installments
- •Interest portion — the part of each payment that goes to the lender as a fee
- •Principal portion — the part of each payment that actually reduces your loan balance
Tips & things to know
- ✓In the early years of a 30-year loan, only a small fraction of each payment reduces your balance.
- ✓Making one extra payment per year can knock years off a 30-year mortgage.
- ✓Refinancing to a shorter term front-loads principal and builds equity faster.
Frequently asked questions
Why is interest so high at the start?+
Interest is charged on the remaining balance, which is largest at the beginning. As you pay down principal, the balance shrinks and so does the interest charged each month.
Can I see the full 360 rows for a 30-year loan?+
Yes — the schedule lists every monthly payment so you can see exactly how your balance declines over time.
This calculator is for educational purposes only and uses estimates. Always consult a licensed mortgage professional for advice specific to your situation.