This amortization table calculator helps you generate an amortization table for your loan. By entering the loan amount, interest rate, and loan term, you can download the table in Excel format.

Amortization Calculation Example

For a $50,000 loan at 5.5% annual interest, over 15 years, the monthly payment would be $432.33.

Why It Matters

Understanding how your loan payments are split between interest and principal can help you make better financial decisions.

Smart Strategy

Consider making additional payments to reduce your loan term and save on interest.