Payment Schedule Calculator — Loan Amortization & Payment Planning

Payment Schedule Calculator

Calculate payment schedules, loan amortization, and payment plans. Get detailed payment breakdowns and schedules for any loan or financing.

Step 1: Loan Details

5.5%
5 years

Loan Information

Enter the principal loan amount, annual interest rate, and loan term. The calculator will generate a detailed payment schedule and amortization table.

Step 2: Payment Details

10%

About Payment Schedules

A payment schedule shows each payment’s breakdown between principal and interest. Early payments mostly cover interest, while later payments apply more to principal.

Payment Schedule Results

Summary
Payment Schedule
Payment Breakdown

Monthly Payment

$477.42
60 payments over 5 years
Total Loan Amount
$25,000
Total Interest Paid
$3,645.20
Total Payments
$28,645.20
Pay-off Date
May 2028

Payment Schedule & Amortization

Monthly Payment
$477
Principal & Interest
Interest Rate
5.5%
Annual Percentage
Loan Term
5
Years
Payments
60
Total Payments
Payment # Date Payment Principal Interest Remaining Balance

Amortization Information

The payment schedule shows how each payment is divided between principal and interest. Early in the loan, most of the payment goes toward interest. As the principal decreases, more of the payment applies to the principal.

Payment Breakdown Analysis

Payment Calculation Formula

Monthly Payment = P × [r(1+r)^n] / [(1+r)^n – 1]

Where P = Principal loan amount, r = Monthly interest rate (annual rate ÷ 12), n = Total number of payments (loan term in years × 12). This formula calculates the fixed monthly payment for a fully amortizing loan.

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