Show me the full payment schedule

Every month of the loan: payment, interest, principal and remaining balance — the whole table lenders summarize but never print.

Loan amount ($)

Interest rate (APR, %)

Term (years)

—

Monthly payment

—

Total interest

—

First payment: interest

—

Halfway point (principal > interest)

What is an amortization schedule?

Each month's fixed payment split into interest (on remaining balance) and principal. Early payments are mostly interest; the tables flip as the balance shrinks. This tool shows every single row.

When does principal overtake interest?

Depends on rate and term. At 6% over 15 years the crossover is around year 7-8. You'll see it jump in the table — it's the psychological halfway point of a loan.

Why send extra principal?

An extra payment targets the last rows of the table: pure principal, skipping future interest entirely. The schedule shows exactly which rows you'd eliminate.

Is this the full picture?

For a fixed-rate loan, yes — payment, interest and balance are deterministic once the rate is locked. Taxes, insurance and prepayment penalties are separate.