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TheMetricApp

Amortization Schedule Calculator 2026 — Full Loan Payment Breakdown

Generate a complete amortization schedule for any loan. See monthly payments, total interest, payoff date, and a year-by-year breakdown of principal vs interest. Plus, see how extra payments save you money.

$

Total loan principal

%

Your loan's APR

When the loan begins

✓Your Results

Monthly Payment

$586.98

Total Payment

$35,219

Over 5 years

Total Interest

$5,219

17.4% of principal

Payoff Date

Jun 2031

Full loan term

Principal

$30,000

Interest Paid Yr 1

$1,795

25% of Yr 1 payments

⚡ Extra Payment Impact

Pay $880.48/month (50% extra = $293.00 more):

Payoff

3yr 2mo

Total Interest

$3,255

Interest Saved

$1,965

📊 Full Amortization Schedule

YearPrincipalInterestTotal PaidRemaining Balance
1$5,248$1,795$7,044$24,752
2$5,600$1,444$7,044$19,152
3$5,975$1,069$7,044$13,177
4$6,375$669$7,044$6,802
5$6,802$242$7,044$0

Principal vs Interest (First 5 years)

Yr 1
$5,248
$1,795
Yr 2
$5,600
$1,444
Yr 3
$5,975
$1,069
Yr 4
$6,375
$669
Yr 5
$6,802
$242
Principal Interest
Last Updated: May 2026Author: Financial Metrics TeamSources: CFPB — Amortization Schedule · Investopedia — Amortization

How to Use the Amortization Calculator

Enter the loan amount, interest rate, loan term, and start date. The calculator instantly generates your monthly payment, total interest, and a complete year-by-year amortization schedule showing principal vs interest breakdown for each year.

Amortization Formula

M = P × [r(1+r)^n] / [(1+r)^n − 1]

Each payment splits into interest (current balance × monthly rate) and principal (payment − interest). As the balance decreases, more of each payment goes toward principal — this is amortization in action.

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Disclaimer: This tool is for estimation purposes only. We are not certified financial advisors, CPAs, or legal experts. Please consult a professional before making financial decisions.