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Calculate How Much of Each Debt Payment Goes to Principal or Interest

Loan Breakdown Calculator

This calculator will help you to determine the principal and interest breakdown on any given payment number. Enter the loan's original terms (principal, interest rate, number of payments, and monthly payment amount) and we'll show how much of your current payment is applied to principal and interest.

Are you paying high interest rates on your debts? Consider obtaining a low-rate personal loan, a HELOC, or a mortgage refinance to lower your monthly interest expense.

Description Amount
Amount Originally Borrowed:
Annual Interest Rate (APR %):
Years In Loan Term:
Payment to Break Down Amount
Monthly Principal & Interest Payment:
Monthly Payment Number to Break Down:
Your Results Amount
Principal Portion of This Payment:
Interest Portion of This Payment:

Paying High Interest Rates on Your Debts? Save With a HELOC

Homeowners: Leverage Your Home Equity Today

Our rate table lists current home equity offers in your area, which you can use to find a local lender or compare against other loan options. From the [loan type] select box you can choose between HELOCs and home equity loans of a 5, 10, 15, 20 or 30 year duration.

Current Mortgage Rates

The following table shows current 30-year mortgage rates. You can use the menus to select other loan durations, alter the loan amount, change your down payment, or change your location. More features are available in the advanced drop down

Current Personal Loan Rates

How Amortizing Payments Work

If you have a fixed-rate loan the amount paid each month is determined by the interest rate and the lenght of the loan. Lenders can look at the term of the loan and charge an interest rate which they feels compensates them for the risk of loss, the cost of inflation, their business overhead & their profit margin. With a fixed rate loan the amount of each payment stays the same across the duration of the loan, but the percent of each payment that goes toward principal or interest changes over time. Early on in the loan's term a relatively large share of the payment is applied toward interest, then as the borrower pays down the loan an increasing share of the payment goes toward interest.

Personal Budget Planning.

Rather than using the above calculator repeatedly you can use an amortization schedule to print out the entire schedule for a loan. We host an amortization calculator which enables you to create printable amortization tables. It shows the monthly payments and amortization schedule for the principal and interest portion of loans, while other costs of borrowing like licensing or taxes are excluded.

More Ways to Calculate Your Loan Payments

If you make multiple types of irregular or one off payments you can put just about any scenario into our additional mortgage payment calculator and see what your current or future balance will be.

Prefer to calculate offline? See our free Simple Excel loan calculator.

Example Amortization Table

As an example, consider a 10 year loan for $250,000 at 8% APR with monthly payments. The monthly payment would be $3,033.19 throughout the duration of the loan. In the first payment $1,666.67 would go toward interest while $1,366.52 goes toward principal. In the final payment only $20.09 is spent on interest while $3,013.12 goes toward principal. An amortization chart for this example is listed below.

Payment Number Amount Principal Interest Balance
1 $3,033.19 $1,366.52 $1,666.67 $248,633.48
2 $3,033.19 $1,375.63 $1,657.56 $247,257.85
3 $3,033.19 $1,384.80 $1,648.39 $245,873.05
4 $3,033.19 $1,394.04 $1,639.15 $244,479.01
5 $3,033.19 $1,403.33 $1,629.86 $243,075.68
6 $3,033.19 $1,412.69 $1,620.50 $241,662.99
7 $3,033.19 $1,422.10 $1,611.09 $240,240.89
8 $3,033.19 $1,431.58 $1,601.61 $238,809.31
9 $3,033.19 $1,441.13 $1,592.06 $237,368.18
10 $3,033.19 $1,450.74 $1,582.45 $235,917.44
11 $3,033.19 $1,460.41 $1,572.78 $234,457.03
12 $3,033.19 $1,470.14 $1,563.05 $232,986.89
Year 1 $17,013.11 $19,385.17
13 $3,033.19 $1,479.94 $1,553.25 $231,506.95
14 $3,033.19 $1,489.81 $1,543.38 $230,017.14
15 $3,033.19 $1,499.74 $1,533.45 $228,517.40
16 $3,033.19 $1,509.74 $1,523.45 $227,007.66
17 $3,033.19 $1,519.81 $1,513.38 $225,487.85
18 $3,033.19 $1,529.94 $1,503.25 $223,957.91
19 $3,033.19 $1,540.14 $1,493.05 $222,417.77
20 $3,033.19 $1,550.40 $1,482.79 $220,867.37
21 $3,033.19 $1,560.74 $1,472.45 $219,306.63
22 $3,033.19 $1,571.15 $1,462.04 $217,735.48
23 $3,033.19 $1,581.62 $1,451.57 $216,153.86
24 $3,033.19 $1,592.16 $1,441.03 $214,561.70
Year 2 $18,425.19 $17,973.09
25 $3,033.19 $1,602.78 $1,430.41 $212,958.92
26 $3,033.19 $1,613.46 $1,419.73 $211,345.46
27 $3,033.19 $1,624.22 $1,408.97 $209,721.24
28 $3,033.19 $1,635.05 $1,398.14 $208,086.19
29 $3,033.19 $1,645.95 $1,387.24 $206,440.24
30 $3,033.19 $1,656.92 $1,376.27 $204,783.32
31 $3,033.19 $1,667.97 $1,365.22 $203,115.35
32 $3,033.19 $1,679.09 $1,354.10 $201,436.26
33 $3,033.19 $1,690.28 $1,342.91 $199,745.98
34 $3,033.19 $1,701.55 $1,331.64 $198,044.43
35 $3,033.19 $1,712.89 $1,320.30 $196,331.54
36 $3,033.19 $1,724.31 $1,308.88 $194,607.23
Year 3 $19,954.47 $16,443.81
37 $3,033.19 $1,735.81 $1,297.38 $192,871.42
38 $3,033.19 $1,747.38 $1,285.81 $191,124.04
39 $3,033.19 $1,759.03 $1,274.16 $189,365.01
40 $3,033.19 $1,770.76 $1,262.43 $187,594.25
41 $3,033.19 $1,782.56 $1,250.63 $185,811.69
42 $3,033.19 $1,794.45 $1,238.74 $184,017.24
43 $3,033.19 $1,806.41 $1,226.78 $182,210.83
44 $3,033.19 $1,818.45 $1,214.74 $180,392.38
45 $3,033.19 $1,830.57 $1,202.62 $178,561.81
46 $3,033.19 $1,842.78 $1,190.41 $176,719.03
47 $3,033.19 $1,855.06 $1,178.13 $174,863.97
48 $3,033.19 $1,867.43 $1,165.76 $172,996.54
Year 4 $21,610.69 $14,787.59
49 $3,033.19 $1,879.88 $1,153.31 $171,116.66
50 $3,033.19 $1,892.41 $1,140.78 $169,224.25
51 $3,033.19 $1,905.03 $1,128.16 $167,319.22
52 $3,033.19 $1,917.73 $1,115.46 $165,401.49
53 $3,033.19 $1,930.51 $1,102.68 $163,470.98
54 $3,033.19 $1,943.38 $1,089.81 $161,527.60
55 $3,033.19 $1,956.34 $1,076.85 $159,571.26
56 $3,033.19 $1,969.38 $1,063.81 $157,601.88
57 $3,033.19 $1,982.51 $1,050.68 $155,619.37
58 $3,033.19 $1,995.73 $1,037.46 $153,623.64
59 $3,033.19 $2,009.03 $1,024.16 $151,614.61
60 $3,033.19 $2,022.43 $1,010.76 $149,592.18
Year 5 $23,404.36 $12,993.92
61 $3,033.19 $2,035.91 $997.28 $147,556.27
62 $3,033.19 $2,049.48 $983.71 $145,506.79
63 $3,033.19 $2,063.14 $970.05 $143,443.65
64 $3,033.19 $2,076.90 $956.29 $141,366.75
65 $3,033.19 $2,090.75 $942.44 $139,276.00
66 $3,033.19 $2,104.68 $928.51 $137,171.32
67 $3,033.19 $2,118.71 $914.48 $135,052.61
68 $3,033.19 $2,132.84 $900.35 $132,919.77
69 $3,033.19 $2,147.06 $886.13 $130,772.71
70 $3,033.19 $2,161.37 $871.82 $128,611.34
71 $3,033.19 $2,175.78 $857.41 $126,435.56
72 $3,033.19 $2,190.29 $842.90 $124,245.27
Year 6 $25,346.91 $11,051.37
73 $3,033.19 $2,204.89 $828.30 $122,040.38
74 $3,033.19 $2,219.59 $813.60 $119,820.79
75 $3,033.19 $2,234.38 $798.81 $117,586.41
76 $3,033.19 $2,249.28 $783.91 $115,337.13
77 $3,033.19 $2,264.28 $768.91 $113,072.85
78 $3,033.19 $2,279.37 $753.82 $110,793.48
79 $3,033.19 $2,294.57 $738.62 $108,498.91
80 $3,033.19 $2,309.86 $723.33 $106,189.05
81 $3,033.19 $2,325.26 $707.93 $103,863.79
82 $3,033.19 $2,340.76 $692.43 $101,523.03
83 $3,033.19 $2,356.37 $676.82 $99,166.66
84 $3,033.19 $2,372.08 $661.11 $96,794.58
Year 7 $27,450.69 $8,947.59
85 $3,033.19 $2,387.89 $645.30 $94,406.69
86 $3,033.19 $2,403.81 $629.38 $92,002.88
87 $3,033.19 $2,419.84 $613.35 $89,583.04
88 $3,033.19 $2,435.97 $597.22 $87,147.07
89 $3,033.19 $2,452.21 $580.98 $84,694.86
90 $3,033.19 $2,468.56 $564.63 $82,226.30
91 $3,033.19 $2,485.01 $548.18 $79,741.29
92 $3,033.19 $2,501.58 $531.61 $77,239.71
93 $3,033.19 $2,518.26 $514.93 $74,721.45
94 $3,033.19 $2,535.05 $498.14 $72,186.40
95 $3,033.19 $2,551.95 $481.24 $69,634.45
96 $3,033.19 $2,568.96 $464.23 $67,065.49
Year 8 $29,729.09 $6,669.19
97 $3,033.19 $2,586.09 $447.10 $64,479.40
98 $3,033.19 $2,603.33 $429.86 $61,876.07
99 $3,033.19 $2,620.68 $412.51 $59,255.39
100 $3,033.19 $2,638.15 $395.04 $56,617.24
101 $3,033.19 $2,655.74 $377.45 $53,961.50
102 $3,033.19 $2,673.45 $359.74 $51,288.05
103 $3,033.19 $2,691.27 $341.92 $48,596.78
104 $3,033.19 $2,709.21 $323.98 $45,887.57
105 $3,033.19 $2,727.27 $305.92 $43,160.30
106 $3,033.19 $2,745.45 $287.74 $40,414.85
107 $3,033.19 $2,763.76 $269.43 $37,651.09
108 $3,033.19 $2,782.18 $251.01 $34,868.91
Year 9 $32,196.58 $4,201.70
109 $3,033.19 $2,800.73 $232.46 $32,068.18
110 $3,033.19 $2,819.40 $213.79 $29,248.78
111 $3,033.19 $2,838.20 $194.99 $26,410.58
112 $3,033.19 $2,857.12 $176.07 $23,553.46
113 $3,033.19 $2,876.17 $157.02 $20,677.29
114 $3,033.19 $2,895.34 $137.85 $17,781.95
115 $3,033.19 $2,914.64 $118.55 $14,867.31
116 $3,033.19 $2,934.07 $99.12 $11,933.24
117 $3,033.19 $2,953.64 $79.55 $8,979.60
118 $3,033.19 $2,973.33 $59.86 $6,006.27
119 $3,033.19 $2,993.15 $40.04 $3,013.12
120 $3,033.21 $3,013.12 $20.09 $0.00
Year 10 $34,868.91 $1,529.39
Grand Total   $250,000.00 $113,982.82  

If you are considering making extra payments on a loan it is typically best to make them early in the loan term, as debt that is extinguished early is not accumulating interest for the remainder of the loan period.

Homeowners May Want to Refinance While Rates Are Low

US 10-year Treasury rates have recently fallen to all-time record lows due to the spread of coronavirus driving a risk off sentiment, with other financial rates falling in tandem. Homeowners who buy or refinance at today's low rates may benefit from recent rate volatility.

Are you paying too much for your mortgage?

Find Out What You Qualify For

Check your refinance options with a trusted lender.

Answer a few questions below and connect with a lender who can help you refinance and save today!