Estimate your monthly loan repayments, interest rate, and payoff date Fact checked by Rebecca McClay Amortization is an ...

An amortization schedule is a chart that tracks the falling book value of a loan or an intangible asset over time. For loans, it details each payment’s breakdown between principal and interest.

What is amortization? Why is understanding amortization important? What does an amortization calculator do? Amortization breaks down large debts or asset costs into manageable payments over time.

To calculate the amortization schedule and determine the loan repayment schedule, fill in the boxes given below and click 'Show Amortization Table'. The monthly amortization schedule will be displayed ...