Amortization schedule
Enter the amount, annual rate, term and start date to see each payment's principal, interest and balance.
Result
A $15,000 loan at 8% over 24 months pays $678/month; month 1 applies $100 to interest and $578 to principal.
Example
Generate a month-by-month amortization schedule in your browser. Values stay on your device; no live rates.
A $15,000 loan at 8% over 24 months pays $678/month; month 1 applies $100 to interest and $578 to principal.
Processed locally in your browser.
Methodology
Each month: interest = balance × monthly rate; principal = payment − interest; balance -= principal.
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