Amortization Schedule


Amortization Schedule



Amortization Schedule Calculator is a tool to calculate mortgage and loan payments and generates a free printable amortization schedule with fixed monthly payments. The amortization table is exportable as an Excel spreadsheet and a pdf file.

Amortization Calculator

Loan Amount
Loan Terms
years
Interest Rate
First Payment Date
Amortization Schedule
Show By Month Year


Amortization Schedule Calculator

Loan Amount:
$100,000.00
Monthly Payment:
$1,205.36
Total # Of Payments:
120
Start Date:
Jul, 2024
Payoff Date:
Jun, 2034
Total Interest Paid:
$44,643.74
Total Payment:
$144,643.74


Printable Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jul, 2024 1 $654.17 $551.20 $1,205.36 $99,448.80
Aug, 2024 2 $650.56 $554.80 $1,205.36 $98,894.00
Sep, 2024 3 $646.93 $558.43 $1,205.36 $98,335.57
Oct, 2024 4 $643.28 $562.09 $1,205.36 $97,773.48
Nov, 2024 5 $639.60 $565.76 $1,205.36 $97,207.72
Dec, 2024 6 $635.90 $569.46 $1,205.36 $96,638.25
Jan, 2025 7 $632.18 $573.19 $1,205.36 $96,065.06
Feb, 2025 8 $628.43 $576.94 $1,205.36 $95,488.12
Mar, 2025 9 $624.65 $580.71 $1,205.36 $94,907.41
Apr, 2025 10 $620.85 $584.51 $1,205.36 $94,322.90
May, 2025 11 $617.03 $588.34 $1,205.36 $93,734.56
Jun, 2025 12 $613.18 $592.18 $1,205.36 $93,142.38
Jul, 2025 13 $609.31 $596.06 $1,205.36 $92,546.32
Aug, 2025 14 $605.41 $599.96 $1,205.36 $91,946.37
Sep, 2025 15 $601.48 $603.88 $1,205.36 $91,342.48
Oct, 2025 16 $597.53 $607.83 $1,205.36 $90,734.65
Nov, 2025 17 $593.56 $611.81 $1,205.36 $90,122.84
Dec, 2025 18 $589.55 $615.81 $1,205.36 $89,507.03
Jan, 2026 19 $585.53 $619.84 $1,205.36 $88,887.19
Feb, 2026 20 $581.47 $623.89 $1,205.36 $88,263.30
Mar, 2026 21 $577.39 $627.98 $1,205.36 $87,635.32
Apr, 2026 22 $573.28 $632.08 $1,205.36 $87,003.24
May, 2026 23 $569.15 $636.22 $1,205.36 $86,367.02
Jun, 2026 24 $564.98 $640.38 $1,205.36 $85,726.64
Jul, 2026 25 $560.80 $644.57 $1,205.36 $85,082.07
Aug, 2026 26 $556.58 $648.79 $1,205.36 $84,433.29
Sep, 2026 27 $552.33 $653.03 $1,205.36 $83,780.26
Oct, 2026 28 $548.06 $657.30 $1,205.36 $83,122.95
Nov, 2026 29 $543.76 $661.60 $1,205.36 $82,461.35
Dec, 2026 30 $539.43 $665.93 $1,205.36 $81,795.42
Jan, 2027 31 $535.08 $670.29 $1,205.36 $81,125.14
Feb, 2027 32 $530.69 $674.67 $1,205.36 $80,450.46
Mar, 2027 33 $526.28 $679.08 $1,205.36 $79,771.38
Apr, 2027 34 $521.84 $683.53 $1,205.36 $79,087.85
May, 2027 35 $517.37 $688.00 $1,205.36 $78,399.86
Jun, 2027 36 $512.87 $692.50 $1,205.36 $77,707.36
Jul, 2027 37 $508.34 $697.03 $1,205.36 $77,010.33
Aug, 2027 38 $503.78 $701.59 $1,205.36 $76,308.74
Sep, 2027 39 $499.19 $706.18 $1,205.36 $75,602.56
Oct, 2027 40 $494.57 $710.80 $1,205.36 $74,891.76
Nov, 2027 41 $489.92 $715.45 $1,205.36 $74,176.32
Dec, 2027 42 $485.24 $720.13 $1,205.36 $73,456.19
Jan, 2028 43 $480.53 $724.84 $1,205.36 $72,731.35
Feb, 2028 44 $475.78 $729.58 $1,205.36 $72,001.77
Mar, 2028 45 $471.01 $734.35 $1,205.36 $71,267.42
Apr, 2028 46 $466.21 $739.16 $1,205.36 $70,528.26
May, 2028 47 $461.37 $743.99 $1,205.36 $69,784.27
Jun, 2028 48 $456.51 $748.86 $1,205.36 $69,035.41
Jul, 2028 49 $451.61 $753.76 $1,205.36 $68,281.65
Aug, 2028 50 $446.68 $758.69 $1,205.36 $67,522.96
Sep, 2028 51 $441.71 $763.65 $1,205.36 $66,759.31
Oct, 2028 52 $436.72 $768.65 $1,205.36 $65,990.66
Nov, 2028 53 $431.69 $773.68 $1,205.36 $65,216.99
Dec, 2028 54 $426.63 $778.74 $1,205.36 $64,438.25
Jan, 2029 55 $421.53 $783.83 $1,205.36 $63,654.42
Feb, 2029 56 $416.41 $788.96 $1,205.36 $62,865.46
Mar, 2029 57 $411.24 $794.12 $1,205.36 $62,071.34
Apr, 2029 58 $406.05 $799.31 $1,205.36 $61,272.03
May, 2029 59 $400.82 $804.54 $1,205.36 $60,467.48
Jun, 2029 60 $395.56 $809.81 $1,205.36 $59,657.68
Jul, 2029 61 $390.26 $815.10 $1,205.36 $58,842.57
Aug, 2029 62 $384.93 $820.44 $1,205.36 $58,022.14
Sep, 2029 63 $379.56 $825.80 $1,205.36 $57,196.34
Oct, 2029 64 $374.16 $831.21 $1,205.36 $56,365.13
Nov, 2029 65 $368.72 $836.64 $1,205.36 $55,528.49
Dec, 2029 66 $363.25 $842.12 $1,205.36 $54,686.37
Jan, 2030 67 $357.74 $847.62 $1,205.36 $53,838.75
Feb, 2030 68 $352.20 $853.17 $1,205.36 $52,985.58
Mar, 2030 69 $346.61 $858.75 $1,205.36 $52,126.83
Apr, 2030 70 $341.00 $864.37 $1,205.36 $51,262.46
May, 2030 71 $335.34 $870.02 $1,205.36 $50,392.44
Jun, 2030 72 $329.65 $875.71 $1,205.36 $49,516.72
Jul, 2030 73 $323.92 $881.44 $1,205.36 $48,635.28
Aug, 2030 74 $318.16 $887.21 $1,205.36 $47,748.07
Sep, 2030 75 $312.35 $893.01 $1,205.36 $46,855.06
Oct, 2030 76 $306.51 $898.85 $1,205.36 $45,956.21
Nov, 2030 77 $300.63 $904.73 $1,205.36 $45,051.47
Dec, 2030 78 $294.71 $910.65 $1,205.36 $44,140.82
Jan, 2031 79 $288.75 $916.61 $1,205.36 $43,224.21
Feb, 2031 80 $282.76 $922.61 $1,205.36 $42,301.60
Mar, 2031 81 $276.72 $928.64 $1,205.36 $41,372.96
Apr, 2031 82 $270.65 $934.72 $1,205.36 $40,438.24
May, 2031 83 $264.53 $940.83 $1,205.36 $39,497.41
Jun, 2031 84 $258.38 $946.99 $1,205.36 $38,550.43
Jul, 2031 85 $252.18 $953.18 $1,205.36 $37,597.25
Aug, 2031 86 $245.95 $959.42 $1,205.36 $36,637.83
Sep, 2031 87 $239.67 $965.69 $1,205.36 $35,672.14
Oct, 2031 88 $233.36 $972.01 $1,205.36 $34,700.13
Nov, 2031 89 $227.00 $978.37 $1,205.36 $33,721.76
Dec, 2031 90 $220.60 $984.77 $1,205.36 $32,736.99
Jan, 2032 91 $214.15 $991.21 $1,205.36 $31,745.78
Feb, 2032 92 $207.67 $997.69 $1,205.36 $30,748.09
Mar, 2032 93 $201.14 $1,004.22 $1,205.36 $29,743.87
Apr, 2032 94 $194.57 $1,010.79 $1,205.36 $28,733.08
May, 2032 95 $187.96 $1,017.40 $1,205.36 $27,715.68
Jun, 2032 96 $181.31 $1,024.06 $1,205.36 $26,691.62
Jul, 2032 97 $174.61 $1,030.76 $1,205.36 $25,660.86
Aug, 2032 98 $167.86 $1,037.50 $1,205.36 $24,623.36
Sep, 2032 99 $161.08 $1,044.29 $1,205.36 $23,579.08
Oct, 2032 100 $154.25 $1,051.12 $1,205.36 $22,527.96
Nov, 2032 101 $147.37 $1,057.99 $1,205.36 $21,469.96
Dec, 2032 102 $140.45 $1,064.92 $1,205.36 $20,405.05
Jan, 2033 103 $133.48 $1,071.88 $1,205.36 $19,333.17
Feb, 2033 104 $126.47 $1,078.89 $1,205.36 $18,254.28
Mar, 2033 105 $119.41 $1,085.95 $1,205.36 $17,168.32
Apr, 2033 106 $112.31 $1,093.06 $1,205.36 $16,075.27
May, 2033 107 $105.16 $1,100.21 $1,205.36 $14,975.06
Jun, 2033 108 $97.96 $1,107.40 $1,205.36 $13,867.66
Jul, 2033 109 $90.72 $1,114.65 $1,205.36 $12,753.01
Aug, 2033 110 $83.43 $1,121.94 $1,205.36 $11,631.08
Sep, 2033 111 $76.09 $1,129.28 $1,205.36 $10,501.80
Oct, 2033 112 $68.70 $1,136.67 $1,205.36 $9,365.13
Nov, 2033 113 $61.26 $1,144.10 $1,205.36 $8,221.03
Dec, 2033 114 $53.78 $1,151.59 $1,205.36 $7,069.45
Jan, 2034 115 $46.25 $1,159.12 $1,205.36 $5,910.33
Feb, 2034 116 $38.66 $1,166.70 $1,205.36 $4,743.63
Mar, 2034 117 $31.03 $1,174.33 $1,205.36 $3,569.29
Apr, 2034 118 $23.35 $1,182.02 $1,205.36 $2,387.28
May, 2034 119 $15.62 $1,189.75 $1,205.36 $1,197.53
Jun, 2034 120 $7.83 $1,197.53 $1,205.36 $0.00




Amortization Schedule Calculator

The free amortization schedule and amortization chart will show you the mortgage payment schedule with all the details about your monthly loan payments, including principal, interest, and loan balance. You can view the loan amortization schedule with dates annually and monthly. The monthly amortization schedule is printer friendly, easily exportable to excel, and downloadable as a pdf file. The amortization schedule works even for loans with a zero interest rate.


What is an amortization schedule?

A loan or mortgage amortization schedule with fixed monthly payment is a table that shows borrowers their loan payments. The monthly loan payment is determined by the loan amount, interest rate, and terms. Initially, most monthly payments go to paying interest rather than reducing the principal. As time goes by, the interest and principal payments start to balance and eventually reverse, where the principal amount becomes larger than the interest on each payment. On a fixed interest loan or a 30-year fixed mortgage, the monthly payment is the same each month, whereas a mortgage with an adjustable rate will see its monthly payments fluctuate from time to time.


How does an amortization schedule work?

With fixed monthly loan payments, part of the payment is for principal and the rest is for interest payments. At the beginning of a 30-year fixed mortgage term, a large part of the monthly payment is for paying interest. It could take years for the principal to catch up with interest payments as you pay down your debt. Towards the end of the term, the majority of the monthly payments will then shift to principal payments. It is important that you understand your amortization schedule so that you know how much you are paying in interest payments and how much you are paying down your debt. You will also learn if it is worth it to refinance when the interest goes down and know when is the best time for refinancing your mortgage.


What does an amortization table show?

A typical mortgage or loan amortization schedule should show the interest payment, principal payment, total payment, and the remaining balance of the loan for each pay period, usually every month. Following is a sample amortization schedule table that shows the amortization chart for a 30-year mortgage with a $350,000 balance and a 5.25% interest rate.

Amortization Schedule Example

Payment Date Payment # Interest Principal Total Payment Remaining Balance
Jun, 2022 1 $1,531.25 $401.46 $1,932.71 $349,598.54
Jul, 2022 2 $1,529.49 $403.22 $1,932.71 $349,195.32
Aug, 2022 3 $1,527.73 $404.98 $1,932.71 $348,790.33
Sep, 2022 4 $1,525.96 $406.76 $1,932.71 $348,383.58
Oct, 2022 5 $1,524.18 $408.53 $1,932.71 $347,975.04
... ... ... ... ... ...
... ... ... ... ... ...
... ... ... ... ... ...
Jan, 2052 356 $41.73 $1,890.98 $1,932.71 $7,647.03
Feb, 2052 357 $33.46 $1,899.26 $1,932.71 $5,747.77
Mar, 2052 358 $25.15 $1,907.57 $1,932.71 $3,840.21
Apr, 2052 359 $16.80 $1,915.91 $1,932.71 $1,924.29
May, 2052 360 $8.42 $1,924.29 $1,932.71 $0.00

How to read an amortization schedule?

There are four main components of an amortization schedule, interest, principal, total payment, and remaining balance. Interest - The interest payment that borrowers need to pay back the lender on a monthly basis with a fixed interest rate. Principal - The principal payment that would reduce the mortgage balance. Total Payment - The total monthly payment which is interest plus principal. Remaining Balance - The remaining balance after deducting the principal payment from the current balance. As we can see from the mortgage amortization table above, the principal amount is less than 1/3 of the interest payment in the initial stage. As time progresses, the payments between interest and principal start to balance and eventually reverse where the principal payment is larger than the interest payment.




How to calculate monthly mortgage payments?

The amortization schedule formula on how to calculate monthly mortgage payments is given below. M = (P *i) / (1 - 1 / (1 + i)^ n)) where M = monthly payment P = principal loan amount i = interest rate n = number of months to pay off the loan For example, to calculate the monthly payments for a 30-year fixed mortgage with an interest rate of 5%, and a principal loan amount of $200,000, we would plugin the above formula with our numbers. Step 1 - convert the numbers Monthly Interest Rate = 5% = 5/12/100 = 0.004167 - the interest rate has to be divided by 12 to get the monthly interest rate, and divided by 100 to convert percent to decimal. The Number of months = 12 x 30 = 360 - convert the number of years to several months. Step 2 - plugin the monthly payment formula M = (P *i) / (1 - 1 / (1 + i)^ n)) M = 200,000 x 0.004167/(1 - 1/(1 + 0.004167) ^ 360) M = 833.4/(1 - 1/1.004167^360) M = 833.4/(1- 1/4.46828) M = 833.4/(1 - 0.2238) M = 833.4/(0.7762) M = 1073.64 Therefore, the monthly payment for a loan of $200,000 with a fixed 30-year loan and a 5% interest rate is $1,073.69.


How to create an amortization schedule?

To create an amortization schedule by hand, we need to use the monthly payment that we've just calculated above.

  • Find the monthly interest payment - take the interest rate and divide by 12 to get the monthly interest rate, and then multiply the total loan amount by the monthly interest to get the interest payment for that month.
  • Find the monthly principal payment - subtract the monthly interest payment from the total monthly payment to get the principal payment.
  • Remaining balance - subtract the monthly principal payment from the loan amount to get the remaining balance.
  • Repeat the above steps - repeat until the balance of your loan is 0. Starting from the second payment, you need to use the remaining balance instead of the initial loan amount in your calculation for steps 1 & 3.

Let's try to create an amortization schedule with our previous example. We've already calculated the monthly payments to be $1,073.64 for a 30-year fixed interest rate with 5% and a principal of $200,000. Step 1 - Find the monthly interest payment Monthly Interest Payment = 0.004167 x $200,000 = $833.33, the monthly interest rate is 0.004167 or 5%/12/100. Step 2 - Find the monthly principal payment Monthly Principal Payment = Monthly Payment - Interest Payment = $1,073.64 - $833.33 = $240.31 Step 3 - Find the remaining balanceĀ  Remaining Balance = $200,000 - $240.31 = $199,759.69 Step 4 - Repeat step 1 - 3 The above step 1 to 3 gives us the amortization schedule for the first month, to get the amortization schedule for all 360 payments (12 x 30 years = 360), we need to keep repeating step 1 to 3. Instead of using the principal loan amount in our calculation in steps 1 & 3, we use the remaining balance. Following the 4 steps above, we created an amortization table that looks like the following.

Amortization Table

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jun, 2022 1 $833.33 $240.31 $1,073.64 $199,759.69
Jul, 2022 2 $832.33 $241.31 $1,073.64 $199,518.38
Aug, 2022 3 $831.33 $242.32 $1,073.64 $199,276.06
Sep, 2022 4 $830.32 $243.33 $1,073.64 $199,032.74
Oct, 2022 5 $829.30 $244.34 $1,073.64 $198,788.40
... ... ... ... ... ...
... ... ... ... ... ...
... ... ... ... ... ...
Jan, 2052 356 $22.09 $1,051.55 $1,073.64 $4,250.21
Feb, 2052 357 $17.71 $1,055.93 $1,073.64 $3,194.27
Mar, 2052 358 $13.31 $1,060.33 $1,073.64 $2,133.94
Apr, 2052 359 $8.89 $1,064.75 $1,073.64 $1,069.19
May, 2052 360 $4.45 $1,069.19 $1,073.64 $0.00

To make life easier, we've created this amortization schedule calculator to generate an amortization table for your mortgage payments. Borrowers can easily view, print, and download the loan amortization schedule for their loans.




How to Use The Amortization Calculator?

Our Amortization calculator requires only three fields, the loan amount, loan terms, and the interest rate. Loan Amount - The loan amount for your home mortgage, car loan, or any other type of loan. Loan Terms - The term for your loan. The most common home mortgage terms are 15 and 30 years. Interest Rate - The fixed interest rate for your loan, this is the interest that you will pay back to your lender or bank. First Payment Date - This is an optional field that allows you to create an amortization schedule that starts in the future or past the date. Amortization schedule - You have the option to view the amortization table monthly and annually. The default for the amortization schedule is monthly.


Amortization Schedule With Fixed Monthly Payment

The amortization schedule calculator will generate an amortization schedule with fixed monthly payment. This means this amortization calculator is for fixed interest rates loans and mortgages only. If you need to create an amortization schedule with an adjustable rate, use the adjustable rate mortgage calculator. You can also use the biweekly amortization schedule to create an amortization schedule with biweekly payment options. Those who want to pay off their loans earlier can use the extra payment amortization schedule to calculate how much they can save in interest payments and how much earlier they can pay off their loans.


Amortization Schedule Excel

There are many good tutorials online on how to create an amortization schedule in excel, so we won't repeat the steps here. Instead, we give borrowers the option to download their amortization schedule in excel so that they don't have to do it manually in excel. Simply enter the loan information, and the amortization schedule calculator will calculate the monthly mortgage payments with an amortization schedule excel that you can export.


Amortization Schedule PDF

The amortization schedule PDF gives users the option to generate a printable loan amortization schedule in PDF format. Enter all the necessary information such as the loan amount, interest rate, and the terms, you can then generate a PDF amortization schedule that you can print and share with others.

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