Calculator
Amortization Schedule Calculator
Early in a loan, most of your payment goes to interest. See exactly when that flips, and how your balance actually shrinks year by year.
Monthly payment (P&I)
$0
Total interest over the life of the loan$0
Total paid (principal + interest)$0
| Year | Principal paid | Interest paid | Remaining balance |
|---|
Why the early years feel slow
Interest is calculated on your remaining balance, which is highest at the start of the loan — so early payments are interest-heavy and principal builds slowly. As the balance drops, more of each payment shifts toward principal. That's normal, and it's exactly why paying even a little extra early in the loan has an outsized effect on total interest.