MyCash Advice — Free Tool
Loan Amortization Calculator
See your monthly payment, total interest, and full repayment schedule instantly
Loan Amount
$
Annual Interest Rate
%
Loan Term
yrs
Start Month (optional)
Monthly Payment
—
every month
Total Interest
—
cost of borrowing
Total Repayment
—
principal + interest
Principal vs Interest by Year
Principal
Interest
Full Amortization Schedule
| Period | Payment | Principal | Interest | Balance |
|---|
💡 Smart tips from MyCash Advice
✅ Making one extra payment per year can cut years off your loan term.
✅ Even $50 extra per month toward principal saves significant interest over time.
✅ The earlier in the loan you make extra payments, the more interest you save.
✅ —
