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Amortization Schedule Calculator

Amortization Schedule Calculator
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Amortization Schedule
$21,282.42 at 1.5115% interest
with 192 biweekly payments
Total Payments: $22,498.44 Total Interest: $1,216.02
Period
#
Payment
Amount
Principal
Amount
Interest
Amount
Balance
Owed
1
117.18
104.81
12.37
21,177.61
2
117.18
104.87
12.31
21,072.74
3
117.18
104.93
12.25
20,967.81
4
117.18
104.99
12.19
20,862.82
5
117.18
105.05
12.13
20,757.77
6
117.18
105.11
12.07
20,652.66
7
117.18
105.17
12.01
20,547.49
8
117.18
105.23
11.95
20,442.26
9
117.18
105.30
11.88
20,336.96
10
117.18
105.36
11.82
20,231.60
11
117.18
105.42
11.76
20,126.18
12
117.18
105.48
11.70
20,020.70
13
117.18
105.54
11.64
19,915.16
14
117.18
105.60
11.58
19,809.56
15
117.18
105.66
11.52
19,703.90
16
117.18
105.73
11.45
19,598.17
17
117.18
105.79
11.39
19,492.38
18
117.18
105.85
11.33
19,386.53
19
117.18
105.91
11.27
19,280.62
20
117.18
105.97
11.21
19,174.65
21
117.18
106.03
11.15
19,068.62
22
117.18
106.09
11.09
18,962.53
23
117.18
106.16
11.02
18,856.37
24
117.18
106.22
10.96
18,750.15
25
117.18
106.28
10.90
18,643.87
26
117.18
106.34
10.84
18,537.53
Period
Payment
Principal
Interest
Balance
27
117.18
106.40
10.78
18,431.13
28
117.18
106.47
10.71
18,324.66
29
117.18
106.53
10.65
18,218.13
30
117.18
106.59
10.59
18,111.54
31
117.18
106.65
10.53
18,004.89
32
117.18
106.71
10.47
17,898.18
33
117.18
106.77
10.41
17,791.41
34
117.18
106.84
10.34
17,684.57
35
117.18
106.90
10.28
17,577.67
36
117.18
106.96
10.22
17,470.71
37
117.18
107.02
10.16
17,363.69
38
117.18
107.09
10.09
17,256.60
39
117.18
107.15
10.03
17,149.45
40
117.18
107.21
9.97
17,042.24
41
117.18
107.27
9.91
16,934.97
42
117.18
107.33
9.85
16,827.64
43
117.18
107.40
9.78
16,720.24
44
117.18
107.46
9.72
16,612.78
45
117.18
107.52
9.66
16,505.26
46
117.18
107.58
9.60
16,397.68
47
117.18
107.65
9.53
16,290.03
48
117.18
107.71
9.47
16,182.32
49
117.18
107.77
9.41
16,074.55
50
117.18
107.84
9.34
15,966.71
51
117.18
107.90
9.28
15,858.81
52
117.18
107.96
9.22
15,750.85
Period
Payment
Principal
Interest
Balance
53
117.18
108.02
9.16
15,642.83
54
117.18
108.09
9.09
15,534.74
55
117.18
108.15
9.03
15,426.59
56
117.18
108.21
8.97
15,318.38
57
117.18
108.27
8.91
15,210.11
58
117.18
108.34
8.84
15,101.77
59
117.18
108.40
8.78
14,993.37
60
117.18
108.46
8.72
14,884.91
61
117.18
108.53
8.65
14,776.38
62
117.18
108.59
8.59
14,667.79
63
117.18
108.65
8.53
14,559.14
64
117.18
108.72
8.46
14,450.42
65
117.18
108.78
8.40
14,341.64
66
117.18
108.84
8.34
14,232.80
67
117.18
108.91
8.27
14,123.89
68
117.18
108.97
8.21
14,014.92
69
117.18
109.03
8.15
13,905.89
70
117.18
109.10
8.08
13,796.79
71
117.18
109.16
8.02
13,687.63
72
117.18
109.22
7.96
13,578.41
73
117.18
109.29
7.89
13,469.12
74
117.18
109.35
7.83
13,359.77
75
117.18
109.41
7.77
13,250.36
76
117.18
109.48
7.70
13,140.88
77
117.18
109.54
7.64
13,031.34
78
117.18
109.60
7.58
12,921.74
Period
Payment
Principal
Interest
Balance
79
117.18
109.67
7.51
12,812.07
80
117.18
109.73
7.45
12,702.34
81
117.18
109.80
7.38
12,592.54
82
117.18
109.86
7.32
12,482.68
83
117.18
109.92
7.26
12,372.76
84
117.18
109.99
7.19
12,262.77
85
117.18
110.05
7.13
12,152.72
86
117.18
110.12
7.06
12,042.60
87
117.18
110.18
7.00
11,932.42
88
117.18
110.24
6.94
11,822.18
89
117.18
110.31
6.87
11,711.87
90
117.18
110.37
6.81
11,601.50
91
117.18
110.44
6.74
11,491.06
92
117.18
110.50
6.68
11,380.56
93
117.18
110.56
6.62
11,270.00
94
117.18
110.63
6.55
11,159.37
95
117.18
110.69
6.49
11,048.68
96
117.18
110.76
6.42
10,937.92
97
117.18
110.82
6.36
10,827.10
98
117.18
110.89
6.29
10,716.21
99
117.18
110.95
6.23
10,605.26
100
117.18
111.01
6.17
10,494.25
101
117.18
111.08
6.10
10,383.17
102
117.18
111.14
6.04
10,272.03
103
117.18
111.21
5.97
10,160.82
104
117.18
111.27
5.91
10,049.55
Period
Payment
Principal
Interest
Balance
105
117.18
111.34
5.84
9,938.21
106
117.18
111.40
5.78
9,826.81
107
117.18
111.47
5.71
9,715.34
108
117.18
111.53
5.65
9,603.81
109
117.18
111.60
5.58
9,492.21
110
117.18
111.66
5.52
9,380.55
111
117.18
111.73
5.45
9,268.82
112
117.18
111.79
5.39
9,157.03
113
117.18
111.86
5.32
9,045.17
114
117.18
111.92
5.26
8,933.25
115
117.18
111.99
5.19
8,821.26
116
117.18
112.05
5.13
8,709.21
117
117.18
112.12
5.06
8,597.09
118
117.18
112.18
5.00
8,484.91
119
117.18
112.25
4.93
8,372.66
120
117.18
112.31
4.87
8,260.35
121
117.18
112.38
4.80
8,147.97
122
117.18
112.44
4.74
8,035.53
123
117.18
112.51
4.67
7,923.02
124
117.18
112.57
4.61
7,810.45
125
117.18
112.64
4.54
7,697.81
126
117.18
112.70
4.48
7,585.11
127
117.18
112.77
4.41
7,472.34
128
117.18
112.84
4.34
7,359.50
129
117.18
112.90
4.28
7,246.60
130
117.18
112.97
4.21
7,133.63
Period
Payment
Principal
Interest
Balance
131
117.18
113.03
4.15
7,020.60
132
117.18
113.10
4.08
6,907.50
133
117.18
113.16
4.02
6,794.34
134
117.18
113.23
3.95
6,681.11
135
117.18
113.30
3.88
6,567.81
136
117.18
113.36
3.82
6,454.45
137
117.18
113.43
3.75
6,341.02
138
117.18
113.49
3.69
6,227.53
139
117.18
113.56
3.62
6,113.97
140
117.18
113.63
3.55
6,000.34
141
117.18
113.69
3.49
5,886.65
142
117.18
113.76
3.42
5,772.89
143
117.18
113.82
3.36
5,659.07
144
117.18
113.89
3.29
5,545.18
145
117.18
113.96
3.22
5,431.22
146
117.18
114.02
3.16
5,317.20
147
117.18
114.09
3.09
5,203.11
148
117.18
114.16
3.02
5,088.95
149
117.18
114.22
2.96
4,974.73
150
117.18
114.29
2.89
4,860.44
151
117.18
114.35
2.83
4,746.09
152
117.18
114.42
2.76
4,631.67
153
117.18
114.49
2.69
4,517.18
154
117.18
114.55
2.63
4,402.63
155
117.18
114.62
2.56
4,288.01
156
117.18
114.69
2.49
4,173.32
Period
Payment
Principal
Interest
Balance
157
117.18
114.75
2.43
4,058.57
158
117.18
114.82
2.36
3,943.75
159
117.18
114.89
2.29
3,828.86
160
117.18
114.95
2.23
3,713.91
161
117.18
115.02
2.16
3,598.89
162
117.18
115.09
2.09
3,483.80
163
117.18
115.15
2.03
3,368.65
164
117.18
115.22
1.96
3,253.43
165
117.18
115.29
1.89
3,138.14
166
117.18
115.36
1.82
3,022.78
167
117.18
115.42
1.76
2,907.36
168
117.18
115.49
1.69
2,791.87
169
117.18
115.56
1.62
2,676.31
170
117.18
115.62
1.56
2,560.69
171
117.18
115.69
1.49
2,445.00
172
117.18
115.76
1.42
2,329.24
173
117.18
115.83
1.35
2,213.41
174
117.18
115.89
1.29
2,097.52
175
117.18
115.96
1.22
1,981.56
176
117.18
116.03
1.15
1,865.53
177
117.18
116.10
1.08
1,749.43
178
117.18
116.16
1.02
1,633.27
179
117.18
116.23
0.95
1,517.04
180
117.18
116.30
0.88
1,400.74
181
117.18
116.37
0.81
1,284.37
182
117.18
116.43
0.75
1,167.94
Period
Payment
Principal
Interest
Balance
183
117.18
116.50
0.68
1,051.44
184
117.18
116.57
0.61
934.87
185
117.18
116.64
0.54
818.23
186
117.18
116.70
0.48
701.53
187
117.18
116.77
0.41
584.76
188
117.18
116.84
0.34
467.92
189
117.18
116.91
0.27
351.01
190
117.18
116.98
0.20
234.03
191
117.18
117.04
0.14
116.99
192
117.06
116.99
0.07
0.00

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Calculator Use

This amortization schedule calculator allows you to create a payment table for a loan with equal loan payments for the life of a loan. The amortization table shows how each payment is applied to the principal balance and the interest owed.

Payment Amount = Principal Amount + Interest Amount

Say you are taking out a mortgage for $275,000 at 4.875% interest for 30 years (360 payments, made monthly). Enter these values into the calculator and click "Calculate" to produce an amortized schedule of monthly loan payments. You can see that the payment amount stays the same over the course of the mortgage. With each payment the principal owed is reduced and this results in a decreasing interest due.

Most typical car loans and mortgages have an amortization schedule with equal payment installments. The payment amount is the same over the life of the loan but the way the payment is applied changes: the portion of the payment applied toward the principal increases over time, and the portion applied to interest decreases because you owe less principal.

Loan Amount
The size or value of the loan.
Interest Rate
The annual stated rate of the loan.
Number of Payments
The total number of payments, initial or remaining, to pay off the given loan amount.
Payment Frequency
How often is the loan payment due? Typically loan payments are due monthly, but several options are provided on the calculator.
Compounding
This calculator assumes that compounding coincides with payments. If payment and compounding frequency do not coincide, you should use the Loan Calculator with Compounding so that the interest rate is calculated in terms of payments.

Amortization Calculations:

A loan can also be amortized with fixed principal payments. In this case the principal amount remains the same as the loan is paid off. The interest charged decreases so the monthly payment also decreases.

The basic calculation for the amortization schedule uses our mortgage payment calculator formula.

 

Cite this content, page or calculator as:

Furey, Edward "Amortization Schedule Calculator" at https://www.calculatorsoup.com/calculators/financial/amortization-schedule-calculator.php from CalculatorSoup, https://www.calculatorsoup.com - Online Calculators

Last updated: November 4, 2023

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