Full year-by-year (and month-by-month) amortization schedule showing principal, interest, and balance after every payment.
Premium calculator — requires sign-in.
Enter values and click Calculate to see results
Each month: interest = balance x monthly rate; principal = payment - interest; new balance = balance - principal. The fixed payment stays constant; its composition shifts month by month.
A table showing, for every payment of a loan, how much goes to interest, how much to principal, and what balance remains. It is the roadmap of your entire loan.
On a 30-year mortgage, usually around year 12-14. Making extra payments in the early years is where each dollar saves the most interest, because the balance (and therefore the monthly interest charge) is highest.