Loan Amortization Calculator

What is loan amortization?

Amortization is the process of repaying a loan through regular fixed payments over a set term. Although every payment is the same size, the split between interest and principal changes: early payments are mostly interest because the outstanding balance is high, while later payments are mostly principal. An amortization schedule lays out this path period by period, showing the payment, the interest and principal portions, and the remaining balance until it reaches zero. These figures are estimates and exclude fees, which vary by lender and country.