Your inputs
About this calculator
Enter loan amount, rate, and term. This schedule shows principal and interest only—not escrow, insurance, or property tax.
How we run the estimate
Loan amount, rate, and term are above. Standard amortization rules below apply.
- Payment type
- Fixed rate — same monthly payment unless you add extra principal
- Each month
- Interest is calculated on the balance, then the rest of the payment reduces principal
- Extra payments
- Go straight to principal after interest for that month
- Not included
- Escrow, PMI, property taxes, and closing costs
- Payoff
- Schedule ends when the balance reaches zero
Your results
Help
Frequently asked questions
Straight answers to common questions about this calculator.
How do loan payments work?
With a typical fixed loan, you pay the same amount each month. Early on, more goes to interest. Later, more goes to paying down what you owe.
How is my monthly payment calculated?
The lender uses your loan amount, interest rate, and number of months. This tool uses the same standard math for a fixed-rate loan.
What is a payment schedule?
A table that shows each month: payment, interest part, principal part, and what you still owe. It helps you see total interest over the life of the loan.
Do extra payments help?
Yes. Paying extra toward principal cuts what you owe faster, which means less interest later and possibly an earlier payoff date.
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