Amortization schedule calculator
See how each payment splits between principal and interest, and how your balance falls over time. Early payments are mostly interest; later ones mostly principal.
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Frequently asked questions
What is loan amortization?
Amortization is how a fixed-payment loan is paid off over time. Early on, most of each payment goes to interest; as the balance shrinks, more goes to principal.
Estimates are for illustration only and assume monthly compounding; actual terms vary by credit union. Not financial advice.