Amortization Calculator

Generate a complete amortization breakdown for any loan. See principal vs interest split and total cost over the life of the loan.

loan

Result

1,264.14

Breakdown

Total Paid
455,089
Total Interest
255,089

Frequently Asked Questions

What does amortization mean?▼
Amortization is the process of paying off a loan in equal installments, where early payments are mostly interest and later payments are mostly principal.
Why is interest higher at the start of a loan?▼
Interest accrues on the outstanding balance, which is highest at the start. As you pay down principal, less interest accrues each period.

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