See a full month-by-month breakdown of principal, interest, and remaining balance for any loan.
Estimates only — not financial advice. Verify with your lender/advisor.
| Month | Payment | Principal | Interest | Balance |
|---|
An amortization schedule breaks a fixed-payment loan into a month-by-month table, showing exactly how much of each payment goes to interest versus principal and how your balance falls to zero over the term.
An amortization schedule is a month-by-month table showing how each loan payment splits between interest and principal, and how the remaining balance shrinks to zero by the end of the term. Early payments are mostly interest; later payments are mostly principal. Results are estimates, not financial advice.
Each month, the interest portion equals the current balance times the monthly rate (APR divided by 12). The principal portion equals the fixed monthly payment minus that interest. The remaining balance is the previous balance minus the principal portion, repeated until the balance reaches zero.
Interest is charged on the outstanding balance, which is highest at the start of the loan. So early payments are mostly interest and little principal. As the balance falls, the interest portion drops and more of each payment goes to principal.