Payment Calculator
Calculate monthly loan payments or payoff schedules for mortgages, auto loans, and personal debt with interactive principal vs. interest charts and complete amortization schedules.
Loan Parameters
You will pay $1,687.71 each month for 15 years (180 total payments).
Amortization Schedule
Breakdown of principal, interest, and remaining balance over time
| Period | Beginning Balance | Payment | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| Year 1 | $200,000.00 | $20,252.56 | $8,483.33 | $11,769.23 | $191,516.67 |
| Year 2 | $191,516.67 | $20,252.56 | $9,006.57 | $11,246.00 | $182,510.10 |
| Year 3 | $182,510.10 | $20,252.56 | $9,562.07 | $10,690.49 | $172,948.02 |
| Year 4 | $172,948.02 | $20,252.56 | $10,151.84 | $10,100.72 | $162,796.18 |
| Year 5 | $162,796.18 | $20,252.56 | $10,777.98 | $9,474.58 | $152,018.20 |
| Year 6 | $152,018.20 | $20,252.56 | $11,442.75 | $8,809.82 | $140,575.45 |
| Year 7 | $140,575.45 | $20,252.56 | $12,148.51 | $8,104.05 | $128,426.94 |
| Year 8 | $128,426.94 | $20,252.56 | $12,897.80 | $7,354.76 | $115,529.13 |
| Year 9 | $115,529.13 | $20,252.56 | $13,693.31 | $6,559.25 | $101,835.82 |
| Year 10 | $101,835.82 | $20,252.56 | $14,537.89 | $5,714.68 | $87,297.94 |
| Year 11 | $87,297.94 | $20,252.56 | $15,434.55 | $4,818.01 | $71,863.38 |
| Year 12 | $71,863.38 | $20,252.56 | $16,386.52 | $3,866.04 | $55,476.86 |
| Year 13 | $55,476.86 | $20,252.56 | $17,397.21 | $2,855.36 | $38,079.66 |
| Year 14 | $38,079.66 | $20,252.56 | $18,470.23 | $1,782.34 | $19,609.43 |
| Year 15 | $19,609.43 | $20,252.56 | $19,609.43 | $643.13 | $0.00 |
Comprehensive Debt & Loan Planning Tools
Everything you need to evaluate financing offers, compare loan terms, and structure your debt payoff roadmap.
Fixed Term vs. Fixed Budget
Toggle seamlessly between finding your required monthly payment for a given loan term or discovering how fast you can retire your loan with a custom monthly payment.
Principal vs. Interest Breakdown
Visualize exactly how much of your total payment goes to true debt reduction versus bank interest charges over the lifespan of your loan.
Annual & Monthly Schedules
Inspect beginning balances, monthly payments, principal, and interest month-by-month, and download the full dataset as a clean CSV file for Excel.
The Amortization Payment Formula
How banks and lenders calculate monthly installment amounts.
Frequently Asked Questions
Helpful answers on interest rates, payoffs, and loan structures.