Can I use this for a mortgage instead of a general loan?

Yes — the underlying math is identical to a mortgage amortization; enter your home loan's principal, rate, and term the same way.

What does the yearly table show that the chart doesn't?

Exact figures — principal paid, interest paid, and remaining balance for each year, useful when you need specific numbers rather than a visual trend.

Why does the chart's interest bar shrink over the years?

Interest is charged on the remaining balance, which falls every year as principal is repaid — so a shrinking balance produces a shrinking interest charge, even with a fixed rate.

Can I see a month-by-month breakdown instead of yearly?

This tool summarizes by year to keep the table readable over long terms; the underlying calculation does track the balance monthly, it's just aggregated to yearly totals for display.

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Finance

Amortization Schedule

Yearly loan payoff chart with principal vs. interest breakdown.

🔒 Runs entirely in your browser — nothing here is ever uploaded

About the Amortization Schedule

Breaks a loan down year by year, showing how much of each payment goes to principal versus interest over time, visualized as a stacked chart alongside a yearly table.

How to use it

Enter the Loan amount and Interest rate (% p.a.).
Enter the Term in years.
Read the year-by-year principal/interest breakdown in the chart and table below the result panel.

Formula

Uses the same EMI formula as the Loan EMI calculator, then tracks the running balance month by month to show how the principal/interest split shifts across the loan's life.

Same present-value-of-an-annuity amortization math described in the CFPB's guide to how mortgage/loan paydown works, applied month by month rather than as a single payment figure.

Worked example

On a 5-year loan, interest typically makes up a larger share of each payment early on, with principal's share growing as the balance shrinks — even though the payment amount itself stays constant.

Recommendations

• Compare the yearly table across a couple of different terms to see how much total interest a shorter term actually saves.
• The chart makes it easy to see roughly when you cross from paying mostly interest to paying mostly principal.
• Pair this with the Loan EMI calculator if you just need the monthly payment without the full year-by-year breakdown.

Frequently asked questions

Interest is calculated on the remaining balance each month. As you pay down principal, there's less balance left to charge interest on, so more of each fixed payment goes toward principal as time passes.

Related tools

Loan EMI Calculator

Mortgage Calculator

Compound Interest

Sources

Consumer Financial Protection Bureau — How does paying down a mortgage work? — accessed 2026-08-20

Disclaimer

Illustrative estimate only, not financial or tax advice. Verify figures with a licensed adviser or your local tax authority.