Loan Payment Schedule
Enter the loan amount, annual interest and term — an amortization schedule is generated showing the monthly payment, principal, interest and remaining balance for each month.
Loan payment schedule
Monthly amortization (payment) schedule.
| Month | Monthly payment | Principal | Interest | Remaining balance |
|---|---|---|---|---|
| 1 | 916,80 | 766,80 | 150,00 | 9 233,20 |
| 2 | 916,80 | 778,30 | 138,50 | 8 454,90 |
| 3 | 916,80 | 789,98 | 126,82 | 7 664,92 |
| 4 | 916,80 | 801,83 | 114,97 | 6 863,10 |
| 5 | 916,80 | 813,85 | 102,95 | 6 049,24 |
| 6 | 916,80 | 826,06 | 90,74 | 5 223,18 |
| 7 | 916,80 | 838,45 | 78,35 | 4 384,73 |
| 8 | 916,80 | 851,03 | 65,77 | 3 533,70 |
| 9 | 916,80 | 863,79 | 53,01 | 2 669,91 |
| 10 | 916,80 | 876,75 | 40,05 | 1 793,15 |
| 11 | 916,80 | 889,90 | 26,90 | 903,25 |
| 12 | 916,80 | 903,25 | 13,55 | 0,00 |
| Total | 11 001,60 | 10 000,00 | 1 001,60 | 0,00 |
What is an amortization schedule?
An amortization schedule is a precise, planned table showing how each monthly payment is split over the loan term. Each row corresponds to one month and shows how much was paid toward principal and interest that month and the remaining balance. This lets you transparently track how the loan decreases over time.
How does the principal and interest split change?
Even though each monthly payment on an annuity loan is equal, its internal split changes. In the early months, because the remaining balance is large, the share of interest is high and the share of principal is low. As the term progresses, the remaining balance decreases, the interest share falls and the paid share of principal increases. In the final month the remaining balance reaches zero.
How to read the schedule?
The schedule has five columns: month, monthly payment, principal payment, interest payment and remaining balance. The monthly payment column stays constant; the principal column increases over time, while the interest column decreases. The total row at the end of the schedule shows the total principal, total interest and total payment.
How to use the calculator?
Enter the loan amount, annual interest and term (months). The schedule is built instantly and can be viewed comfortably on a mobile screen with horizontal scrolling. This tool is useful for budget planning and evaluating early loan repayment scenarios.
Frequently asked questions
What payment method is the schedule based on?
The schedule is based on the annuity (equal monthly payment) method. Each month interest is calculated on the remaining balance, and the rest reduces the principal.
Why does the principal differ slightly in the final month?
Because of rounding, in the final month the principal payment is adjusted minimally so that the remaining balance zeroes out exactly.
Does the schedule work for a long-term loan?
Yes. The schedule is built for long terms too; scroll down or horizontally to see all rows.
Note: This calculator and information are for estimation and informational purposes only and are not legal or tax advice. For accurate calculations and official confirmation, consult official sources or a specialist.