30-yr Mortgage6.82%
15-yr Mortgage6.14%
Auto Loan (60-mo)7.18%
Personal Loan11.92%
Student Loan6.53%
Rates updated June 28, 2026 · For reference only

Amortization Calculator (2026) – Full Loan Payment Schedule & Extra Payment Savings

Generate a complete month-by-month amortization schedule for any loan. Works for mortgage, auto, student, and personal loans. See principal vs interest breakdown, extra payment savings, equity growth, and payoff date.

✓ Full Schedule All Loan Types Extra Payments Equity Tracker Printable Table Crossover Point Updated June 2026
📋 Loan Details
$
$1k$500k$1M
%
0.5%12.5%25%
yrs
mo
Extra Payments (Optional)
$
$
$
#
Display Options
✅ Your Amortization Schedule
📋

Your amortization schedule will appear here

Enter your loan details on the left and click Generate Amortization Schedule to see your full payment table, extra payment savings, equity growth, and loan comparison.

Building your schedule…

Calculating all payment periods

Amortization Calculator — Keyword Research & Content Gap Analysis (2026)

Estimated monthly volumes, difficulty scores, and gap opportunities for amortization calculator keywords, based on analysis of Bankrate, NerdWallet, Calculator.net, Zillow, and Rocket Mortgage.

🎯 Primary Target Keywords (High Volume)

KeywordEst. Monthly VolumeDifficultyIntentGap Score
amortization calculator550,000High (88)ToolCompetitive
loan amortization schedule165,000High (81)Informational/ToolCompetitive
amortization schedule calculator135,000High (79)ToolCompetitive
mortgage amortization calculator110,000High (83)ToolCompetitive
loan amortization calculator90,500Medium (68)ToolOpportunity
auto loan amortization calculator40,500Medium (61)Tool/CommercialOpportunity
amortization table33,100Medium (55)InformationalOpportunity

🔍 Long-Tail Keyword Opportunities (Low Competition)

Long-Tail KeywordEst. VolumeDifficultyWhy Target It
amortization schedule with extra payments22,200Low (32)Specific feature — matches this tool exactly
amortization calculator with extra monthly payments18,100Low (29)High intent, low competition, feature-specific
how to read an amortization schedule14,800Low (26)Educational intent — good for featured snippet
amortization calculator all loan types9,900Very Low (21)Gap win — most tools are mortgage-only
when does more principal than interest get paid8,100Low (24)Crossover point query — unique to this tool
amortization schedule with one-time extra payment6,600Very Low (18)Very specific feature gap — barely any competitors offer this
printable amortization schedule12,100Low (34)Transactional intent — users want to take action
student loan amortization calculator9,900Low (38)Loan type gap — most tools skip student loans
amortization schedule by start date5,400Very Low (16)Feature gap — few calculators show actual payment dates
what is the crossover point in a mortgage3,600Very Low (14)Unique concept this page explains and calculates

📊 Content Gap Analysis — What Competitors Are Missing

Feature / Content GapBankrateNerdWalletCalculator.netZillowThis Page
Mortgage amortization schedule
Auto loan amortization❌ separate page✅ Built-in
Student + personal loanPartial✅ All types
Extra monthly + yearly + one-time paymentsExtra monthly onlyExtra monthly only✅ All 3
Crossover point calculation & highlight✅ Gap win
Equity growth tracker (visual)Partial✅ basic✅ Full chart
Loan start date with actual payment dates✅ Full dates
Yearly + monthly toggle on same pageYearly onlyMonthly onlyMonthly only✅ Both
Term comparison (15 vs 20 vs 30 yr)✅ Gap win
Printable schedule (print CSS)✅ Full print
Structured data (FAQPage + WebApp schema)PartialPartialPartial✅ Full
💡 Key Differentiators: The strongest gaps are all loan types in one tool, all three extra payment types, the crossover point calculator, and the term comparison tab — none of which exist on any single competitor page.

How Loan Amortization Is Calculated — Formula & Step-by-Step Example

Every fixed-rate loan uses the same amortization formula. Understanding it helps you see why early payments are mostly interest and how extra payments have such a powerful effect.

The Amortization Formula

Each month, interest is charged on the remaining balance. The fixed payment covers that interest, and the rest reduces your principal. As balance falls, so does monthly interest — more of your payment goes to principal over time.

Monthly Payment Formula
M = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1]
M = Fixed monthly payment
P = Principal (loan amount)
r = Monthly interest rate (annual ÷ 12)
n = Total number of payments (years × 12)
Each Monthly Payment Splits Into
Interest = Balance × r
Principal = M − Interest
New Balance = Old Balance − Principal Paid

Example: $300,000 Mortgage at 6.82% for 30 Years

1
Monthly rate: 6.82% ÷ 12 = 0.5683% (0.005683)
2
Monthly payment: $300,000 × [0.005683 × 1.005683³⁶⁰] ÷ [1.005683³⁶⁰ − 1] = $1,960/mo
3
Month 1 interest: $300,000 × 0.005683 = $1,705 · Principal paid: $255
4
Month 360 interest: ~$11 · Principal paid: ~$1,949
✓ Total paid: $705,600 · Total interest: $405,600 · Crossover (more principal than interest): ~Year 19

Why Extra Payments Are So Powerful

Because interest is calculated on your remaining balance, extra payments reduce both your balance and all future interest charges. A $200 extra payment in month 1 saves more than $200 extra in month 200.

What Is the Crossover Point?

The crossover point is when more of your monthly payment goes to principal than to interest. For a 30-year mortgage at 6.82%, this happens around year 18–19. This is when you start building equity faster. Extra payments move the crossover earlier.

How to Read Your Amortization Schedule

  • Payment # — which payment in the sequence
  • Payment Amount — your fixed monthly payment (P&I)
  • Principal — how much reduces your loan balance this month
  • Interest — how much the lender earns this month
  • Balance — what you still owe after this payment

Amortization by Loan Type — Key Differences

  • Mortgage (30 yr): Slowest equity build early — most interest front-loaded
  • Mortgage (15 yr): Faster equity, less total interest — monthly payment ~40% higher
  • Auto Loan (5–7 yr): Short term means rapid equity build from the start
  • Student Loan (10 yr): Standard 10-year plan; income-based plans amortize differently
  • Personal Loan (2–7 yr): High rates (avg 12%) — extra payments critical

2026 Amortization Reference Tables

Quick reference for common loan scenarios. Use the calculator above for your exact schedule.

Monthly P&I Payment by Loan Amount — 30-Year Mortgage

Loan Amount6.00%6.50%6.82%7.00%7.50%Total Interest (6.82%)
$150,000$899$948$980$998$1,049$202,800
$200,000$1,199$1,264$1,307$1,331$1,398$270,400
$300,000$1,799$1,896$1,960$1,996$2,097$405,600
$400,000$2,398$2,528$2,614$2,661$2,796$540,800
$500,000$2,998$3,160$3,267$3,327$3,496$676,000

Crossover Point — When Principal Exceeds Interest

Loan Type / TermRateCrossover MonthCrossover YearEquity at Crossover
Mortgage — 30 yr6.82%Month 220~Year 18.3~38% of loan
Mortgage — 15 yr6.14%Month 91~Year 7.6~35% of loan
Auto Loan — 60 mo7.18%Month 31~Year 2.6~49% of loan
Personal Loan — 5 yr11.92%Month 36~Year 3.0~52% of loan
Student Loan — 10 yr6.53%Month 65~Year 5.4~41% of loan

Amortization Calculator — Frequently Asked Questions

Everything you need to know about amortization schedules, extra payments, equity, and loan types.