Calculators
Amortization schedule
See every payment's split between principal and interest, with the effect of extra payments. Printable and downloadable.
Summary
Enter a loan amount and interest rate to build your schedule.
—
principal & interest per month
- Total interest—
- Payoff—
- Saved with extra payments—
This calculator provides estimates for illustration only. It is not an offer, a commitment to lend, or a loan disclosure. Contact a LoanZilla loan officer for figures based on your situation.
Payment schedule
| Year | Payment | Principal | Interest | Balance |
|---|
How amortization works
Each monthly payment on a fixed-rate loan is the same, but the mix changes over time. Early payments are mostly interest; later payments are mostly principal. Extra principal payments reduce the balance sooner, which cuts the total interest and can take years off the loan. Check with your servicer that extra payments are applied to principal.