Amortization Calculator
Interest vs principal in your first payment and first year.
Your numbers
Monthly payment
$1,498.88
Year 1 interest
$14,916.49
Year 1 principal
$3,070.03
Balance after year 1
$246,929.97
The link and the printed sheet both save your numbers, so anyone who opens them sees the same estimate.
Compare scenarios
Save your current numbers, change them, save again, and see each estimate side by side. Saved in this browser only.
How it works
Each month interest is charged on the balance; the rest of the payment reduces principal.
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Results are estimates for education only and are not investment advice.