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Loan Amortization Calculator
This amortization calculator builds a payment-by-payment schedule for a fixed-rate loan and tests the options a basic calculator skips: true biweekly payments, an extra amount every payment, interest-only terms and a balloon balance due at any period you pick.
Illustrative fixed-rate model: nominal annual rate divided by 12 or 26; biweekly means 26 equal scheduled payments per year. Extra payments reduce principal immediately. Interest-only balances are due as a balloon. Excludes fees, taxes, insurance and lender-specific day-count rules. All amounts use your chosen currency consistently.
Scheduled payment: 1498.88 · Total interest: 289595.47 · Total paid: 539595.47 · 360 payments
| Period | Payment | Principal | Interest | Extra | Balloon | Balance |
|---|---|---|---|---|---|---|
| 1 | 1498.88 | 248.88 | 1250.00 | 0.00 | 0.00 | 249751.12 |
| 2 | 1498.88 | 250.12 | 1248.76 | 0.00 | 0.00 | 249501.00 |
| 3 | 1498.88 | 251.37 | 1247.51 | 0.00 | 0.00 | 249249.63 |
| 4 | 1498.88 | 252.63 | 1246.25 | 0.00 | 0.00 | 248997.00 |
| 5 | 1498.88 | 253.89 | 1244.99 | 0.00 | 0.00 | 248743.11 |
| 6 | 1498.88 | 255.16 | 1243.72 | 0.00 | 0.00 | 248487.95 |
| 7 | 1498.88 | 256.44 | 1242.44 | 0.00 | 0.00 | 248231.51 |
| 8 | 1498.88 | 257.72 | 1241.16 | 0.00 | 0.00 | 247973.80 |
| 9 | 1498.88 | 259.01 | 1239.87 | 0.00 | 0.00 | 247714.79 |
| 10 | 1498.88 | 260.30 | 1238.57 | 0.00 | 0.00 | 247454.49 |
| 11 | 1498.88 | 261.60 | 1237.27 | 0.00 | 0.00 | 247192.88 |
| 12 | 1498.88 | 262.91 | 1235.96 | 0.00 | 0.00 | 246929.97 |
| 13 | 1498.88 | 264.23 | 1234.65 | 0.00 | 0.00 | 246665.74 |
| 14 | 1498.88 | 265.55 | 1233.33 | 0.00 | 0.00 | 246400.20 |
| 15 | 1498.88 | 266.88 | 1232.00 | 0.00 | 0.00 | 246133.32 |
| 16 | 1498.88 | 268.21 | 1230.67 | 0.00 | 0.00 | 245865.11 |
| 17 | 1498.88 | 269.55 | 1229.33 | 0.00 | 0.00 | 245595.56 |
| 18 | 1498.88 | 270.90 | 1227.98 | 0.00 | 0.00 | 245324.66 |
| 19 | 1498.88 | 272.25 | 1226.62 | 0.00 | 0.00 | 245052.41 |
| 20 | 1498.88 | 273.61 | 1225.26 | 0.00 | 0.00 | 244778.80 |
| 21 | 1498.88 | 274.98 | 1223.89 | 0.00 | 0.00 | 244503.81 |
| 22 | 1498.88 | 276.36 | 1222.52 | 0.00 | 0.00 | 244227.46 |
| 23 | 1498.88 | 277.74 | 1221.14 | 0.00 | 0.00 | 243949.72 |
| 24 | 1498.88 | 279.13 | 1219.75 | 0.00 | 0.00 | 243670.59 |
| 25 | 1498.88 | 280.52 | 1218.35 | 0.00 | 0.00 | 243390.07 |
| 26 | 1498.88 | 281.93 | 1216.95 | 0.00 | 0.00 | 243108.14 |
| 27 | 1498.88 | 283.34 | 1215.54 | 0.00 | 0.00 | 242824.80 |
| 28 | 1498.88 | 284.75 | 1214.12 | 0.00 | 0.00 | 242540.05 |
| 29 | 1498.88 | 286.18 | 1212.70 | 0.00 | 0.00 | 242253.88 |
| 30 | 1498.88 | 287.61 | 1211.27 | 0.00 | 0.00 | 241966.27 |
| 31 | 1498.88 | 289.04 | 1209.83 | 0.00 | 0.00 | 241677.22 |
| 32 | 1498.88 | 290.49 | 1208.39 | 0.00 | 0.00 | 241386.73 |
| 33 | 1498.88 | 291.94 | 1206.93 | 0.00 | 0.00 | 241094.79 |
| 34 | 1498.88 | 293.40 | 1205.47 | 0.00 | 0.00 | 240801.39 |
| 35 | 1498.88 | 294.87 | 1204.01 | 0.00 | 0.00 | 240506.52 |
| 36 | 1498.88 | 296.34 | 1202.53 | 0.00 | 0.00 | 240210.18 |
| 37 | 1498.88 | 297.83 | 1201.05 | 0.00 | 0.00 | 239912.35 |
| 38 | 1498.88 | 299.31 | 1199.56 | 0.00 | 0.00 | 239613.04 |
| 39 | 1498.88 | 300.81 | 1198.07 | 0.00 | 0.00 | 239312.22 |
| 40 | 1498.88 | 302.32 | 1196.56 | 0.00 | 0.00 | 239009.91 |
| 41 | 1498.88 | 303.83 | 1195.05 | 0.00 | 0.00 | 238706.08 |
| 42 | 1498.88 | 305.35 | 1193.53 | 0.00 | 0.00 | 238400.74 |
| 43 | 1498.88 | 306.87 | 1192.00 | 0.00 | 0.00 | 238093.86 |
| 44 | 1498.88 | 308.41 | 1190.47 | 0.00 | 0.00 | 237785.46 |
| 45 | 1498.88 | 309.95 | 1188.93 | 0.00 | 0.00 | 237475.51 |
| 46 | 1498.88 | 311.50 | 1187.38 | 0.00 | 0.00 | 237164.01 |
| 47 | 1498.88 | 313.06 | 1185.82 | 0.00 | 0.00 | 236850.95 |
| 48 | 1498.88 | 314.62 | 1184.25 | 0.00 | 0.00 | 236536.33 |
| 49 | 1498.88 | 316.19 | 1182.68 | 0.00 | 0.00 | 236220.14 |
| 50 | 1498.88 | 317.78 | 1181.10 | 0.00 | 0.00 | 235902.36 |
| 51 | 1498.88 | 319.36 | 1179.51 | 0.00 | 0.00 | 235583.00 |
| 52 | 1498.88 | 320.96 | 1177.91 | 0.00 | 0.00 | 235262.03 |
| 53 | 1498.88 | 322.57 | 1176.31 | 0.00 | 0.00 | 234939.47 |
| 54 | 1498.88 | 324.18 | 1174.70 | 0.00 | 0.00 | 234615.29 |
| 55 | 1498.88 | 325.80 | 1173.08 | 0.00 | 0.00 | 234289.49 |
| 56 | 1498.88 | 327.43 | 1171.45 | 0.00 | 0.00 | 233962.06 |
| 57 | 1498.88 | 329.07 | 1169.81 | 0.00 | 0.00 | 233633.00 |
| 58 | 1498.88 | 330.71 | 1168.16 | 0.00 | 0.00 | 233302.28 |
| 59 | 1498.88 | 332.36 | 1166.51 | 0.00 | 0.00 | 232969.92 |
| 60 | 1498.88 | 334.03 | 1164.85 | 0.00 | 0.00 | 232635.89 |
| 61 | 1498.88 | 335.70 | 1163.18 | 0.00 | 0.00 | 232300.20 |
| 62 | 1498.88 | 337.38 | 1161.50 | 0.00 | 0.00 | 231962.82 |
| 63 | 1498.88 | 339.06 | 1159.81 | 0.00 | 0.00 | 231623.76 |
| 64 | 1498.88 | 340.76 | 1158.12 | 0.00 | 0.00 | 231283.00 |
| 65 | 1498.88 | 342.46 | 1156.42 | 0.00 | 0.00 | 230940.54 |
| 66 | 1498.88 | 344.17 | 1154.70 | 0.00 | 0.00 | 230596.37 |
| 67 | 1498.88 | 345.89 | 1152.98 | 0.00 | 0.00 | 230250.47 |
| 68 | 1498.88 | 347.62 | 1151.25 | 0.00 | 0.00 | 229902.85 |
| 69 | 1498.88 | 349.36 | 1149.51 | 0.00 | 0.00 | 229553.48 |
| 70 | 1498.88 | 351.11 | 1147.77 | 0.00 | 0.00 | 229202.38 |
| 71 | 1498.88 | 352.86 | 1146.01 | 0.00 | 0.00 | 228849.51 |
| 72 | 1498.88 | 354.63 | 1144.25 | 0.00 | 0.00 | 228494.88 |
| 73 | 1498.88 | 356.40 | 1142.47 | 0.00 | 0.00 | 228138.48 |
| 74 | 1498.88 | 358.18 | 1140.69 | 0.00 | 0.00 | 227780.30 |
| 75 | 1498.88 | 359.97 | 1138.90 | 0.00 | 0.00 | 227420.32 |
| 76 | 1498.88 | 361.77 | 1137.10 | 0.00 | 0.00 | 227058.55 |
| 77 | 1498.88 | 363.58 | 1135.29 | 0.00 | 0.00 | 226694.96 |
| 78 | 1498.88 | 365.40 | 1133.47 | 0.00 | 0.00 | 226329.56 |
| 79 | 1498.88 | 367.23 | 1131.65 | 0.00 | 0.00 | 225962.33 |
| 80 | 1498.88 | 369.06 | 1129.81 | 0.00 | 0.00 | 225593.27 |
| 81 | 1498.88 | 370.91 | 1127.97 | 0.00 | 0.00 | 225222.36 |
| 82 | 1498.88 | 372.76 | 1126.11 | 0.00 | 0.00 | 224849.59 |
| 83 | 1498.88 | 374.63 | 1124.25 | 0.00 | 0.00 | 224474.97 |
| 84 | 1498.88 | 376.50 | 1122.37 | 0.00 | 0.00 | 224098.46 |
| 85 | 1498.88 | 378.38 | 1120.49 | 0.00 | 0.00 | 223720.08 |
| 86 | 1498.88 | 380.28 | 1118.60 | 0.00 | 0.00 | 223339.80 |
| 87 | 1498.88 | 382.18 | 1116.70 | 0.00 | 0.00 | 222957.63 |
| 88 | 1498.88 | 384.09 | 1114.79 | 0.00 | 0.00 | 222573.54 |
| 89 | 1498.88 | 386.01 | 1112.87 | 0.00 | 0.00 | 222187.53 |
| 90 | 1498.88 | 387.94 | 1110.94 | 0.00 | 0.00 | 221799.59 |
| 91 | 1498.88 | 389.88 | 1109.00 | 0.00 | 0.00 | 221409.71 |
| 92 | 1498.88 | 391.83 | 1107.05 | 0.00 | 0.00 | 221017.89 |
| 93 | 1498.88 | 393.79 | 1105.09 | 0.00 | 0.00 | 220624.10 |
| 94 | 1498.88 | 395.76 | 1103.12 | 0.00 | 0.00 | 220228.34 |
| 95 | 1498.88 | 397.73 | 1101.14 | 0.00 | 0.00 | 219830.61 |
| 96 | 1498.88 | 399.72 | 1099.15 | 0.00 | 0.00 | 219430.89 |
| 97 | 1498.88 | 401.72 | 1097.15 | 0.00 | 0.00 | 219029.16 |
| 98 | 1498.88 | 403.73 | 1095.15 | 0.00 | 0.00 | 218625.43 |
| 99 | 1498.88 | 405.75 | 1093.13 | 0.00 | 0.00 | 218219.68 |
| 100 | 1498.88 | 407.78 | 1091.10 | 0.00 | 0.00 | 217811.91 |
| 101 | 1498.88 | 409.82 | 1089.06 | 0.00 | 0.00 | 217402.09 |
| 102 | 1498.88 | 411.87 | 1087.01 | 0.00 | 0.00 | 216990.22 |
| 103 | 1498.88 | 413.93 | 1084.95 | 0.00 | 0.00 | 216576.30 |
| 104 | 1498.88 | 415.99 | 1082.88 | 0.00 | 0.00 | 216160.30 |
| 105 | 1498.88 | 418.07 | 1080.80 | 0.00 | 0.00 | 215742.23 |
| 106 | 1498.88 | 420.17 | 1078.71 | 0.00 | 0.00 | 215322.06 |
| 107 | 1498.88 | 422.27 | 1076.61 | 0.00 | 0.00 | 214899.80 |
| 108 | 1498.88 | 424.38 | 1074.50 | 0.00 | 0.00 | 214475.42 |
| 109 | 1498.88 | 426.50 | 1072.38 | 0.00 | 0.00 | 214048.92 |
| 110 | 1498.88 | 428.63 | 1070.24 | 0.00 | 0.00 | 213620.29 |
| 111 | 1498.88 | 430.77 | 1068.10 | 0.00 | 0.00 | 213189.51 |
| 112 | 1498.88 | 432.93 | 1065.95 | 0.00 | 0.00 | 212756.59 |
| 113 | 1498.88 | 435.09 | 1063.78 | 0.00 | 0.00 | 212321.49 |
| 114 | 1498.88 | 437.27 | 1061.61 | 0.00 | 0.00 | 211884.22 |
| 115 | 1498.88 | 439.46 | 1059.42 | 0.00 | 0.00 | 211444.77 |
| 116 | 1498.88 | 441.65 | 1057.22 | 0.00 | 0.00 | 211003.12 |
| 117 | 1498.88 | 443.86 | 1055.02 | 0.00 | 0.00 | 210559.25 |
| 118 | 1498.88 | 446.08 | 1052.80 | 0.00 | 0.00 | 210113.17 |
| 119 | 1498.88 | 448.31 | 1050.57 | 0.00 | 0.00 | 209664.86 |
| 120 | 1498.88 | 450.55 | 1048.32 | 0.00 | 0.00 | 209214.31 |
| 121 | 1498.88 | 452.80 | 1046.07 | 0.00 | 0.00 | 208761.51 |
| 122 | 1498.88 | 455.07 | 1043.81 | 0.00 | 0.00 | 208306.44 |
| 123 | 1498.88 | 457.34 | 1041.53 | 0.00 | 0.00 | 207849.09 |
| 124 | 1498.88 | 459.63 | 1039.25 | 0.00 | 0.00 | 207389.46 |
| 125 | 1498.88 | 461.93 | 1036.95 | 0.00 | 0.00 | 206927.53 |
| 126 | 1498.88 | 464.24 | 1034.64 | 0.00 | 0.00 | 206463.30 |
| 127 | 1498.88 | 466.56 | 1032.32 | 0.00 | 0.00 | 205996.74 |
| 128 | 1498.88 | 468.89 | 1029.98 | 0.00 | 0.00 | 205527.84 |
| 129 | 1498.88 | 471.24 | 1027.64 | 0.00 | 0.00 | 205056.61 |
| 130 | 1498.88 | 473.59 | 1025.28 | 0.00 | 0.00 | 204583.01 |
| 131 | 1498.88 | 475.96 | 1022.92 | 0.00 | 0.00 | 204107.05 |
| 132 | 1498.88 | 478.34 | 1020.54 | 0.00 | 0.00 | 203628.71 |
| 133 | 1498.88 | 480.73 | 1018.14 | 0.00 | 0.00 | 203147.98 |
| 134 | 1498.88 | 483.14 | 1015.74 | 0.00 | 0.00 | 202664.84 |
| 135 | 1498.88 | 485.55 | 1013.32 | 0.00 | 0.00 | 202179.29 |
| 136 | 1498.88 | 487.98 | 1010.90 | 0.00 | 0.00 | 201691.31 |
| 137 | 1498.88 | 490.42 | 1008.46 | 0.00 | 0.00 | 201200.89 |
| 138 | 1498.88 | 492.87 | 1006.00 | 0.00 | 0.00 | 200708.02 |
| 139 | 1498.88 | 495.34 | 1003.54 | 0.00 | 0.00 | 200212.68 |
| 140 | 1498.88 | 497.81 | 1001.06 | 0.00 | 0.00 | 199714.87 |
| 141 | 1498.88 | 500.30 | 998.57 | 0.00 | 0.00 | 199214.57 |
| 142 | 1498.88 | 502.80 | 996.07 | 0.00 | 0.00 | 198711.76 |
| 143 | 1498.88 | 505.32 | 993.56 | 0.00 | 0.00 | 198206.45 |
| 144 | 1498.88 | 507.84 | 991.03 | 0.00 | 0.00 | 197698.60 |
| 145 | 1498.88 | 510.38 | 988.49 | 0.00 | 0.00 | 197188.22 |
| 146 | 1498.88 | 512.94 | 985.94 | 0.00 | 0.00 | 196675.28 |
| 147 | 1498.88 | 515.50 | 983.38 | 0.00 | 0.00 | 196159.78 |
| 148 | 1498.88 | 518.08 | 980.80 | 0.00 | 0.00 | 195641.71 |
| 149 | 1498.88 | 520.67 | 978.21 | 0.00 | 0.00 | 195121.04 |
| 150 | 1498.88 | 523.27 | 975.61 | 0.00 | 0.00 | 194597.77 |
| 151 | 1498.88 | 525.89 | 972.99 | 0.00 | 0.00 | 194071.88 |
| 152 | 1498.88 | 528.52 | 970.36 | 0.00 | 0.00 | 193543.36 |
| 153 | 1498.88 | 531.16 | 967.72 | 0.00 | 0.00 | 193012.20 |
| 154 | 1498.88 | 533.82 | 965.06 | 0.00 | 0.00 | 192478.39 |
| 155 | 1498.88 | 536.48 | 962.39 | 0.00 | 0.00 | 191941.90 |
| 156 | 1498.88 | 539.17 | 959.71 | 0.00 | 0.00 | 191402.74 |
| 157 | 1498.88 | 541.86 | 957.01 | 0.00 | 0.00 | 190860.87 |
| 158 | 1498.88 | 544.57 | 954.30 | 0.00 | 0.00 | 190316.30 |
| 159 | 1498.88 | 547.29 | 951.58 | 0.00 | 0.00 | 189769.01 |
| 160 | 1498.88 | 550.03 | 948.85 | 0.00 | 0.00 | 189218.98 |
| 161 | 1498.88 | 552.78 | 946.09 | 0.00 | 0.00 | 188666.20 |
| 162 | 1498.88 | 555.55 | 943.33 | 0.00 | 0.00 | 188110.65 |
| 163 | 1498.88 | 558.32 | 940.55 | 0.00 | 0.00 | 187552.33 |
| 164 | 1498.88 | 561.11 | 937.76 | 0.00 | 0.00 | 186991.21 |
| 165 | 1498.88 | 563.92 | 934.96 | 0.00 | 0.00 | 186427.29 |
| 166 | 1498.88 | 566.74 | 932.14 | 0.00 | 0.00 | 185860.55 |
| 167 | 1498.88 | 569.57 | 929.30 | 0.00 | 0.00 | 185290.98 |
| 168 | 1498.88 | 572.42 | 926.45 | 0.00 | 0.00 | 184718.56 |
| 169 | 1498.88 | 575.28 | 923.59 | 0.00 | 0.00 | 184143.27 |
| 170 | 1498.88 | 578.16 | 920.72 | 0.00 | 0.00 | 183565.11 |
| 171 | 1498.88 | 581.05 | 917.83 | 0.00 | 0.00 | 182984.06 |
| 172 | 1498.88 | 583.96 | 914.92 | 0.00 | 0.00 | 182400.11 |
| 173 | 1498.88 | 586.88 | 912.00 | 0.00 | 0.00 | 181813.23 |
| 174 | 1498.88 | 589.81 | 909.07 | 0.00 | 0.00 | 181223.42 |
| 175 | 1498.88 | 592.76 | 906.12 | 0.00 | 0.00 | 180630.66 |
| 176 | 1498.88 | 595.72 | 903.15 | 0.00 | 0.00 | 180034.94 |
| 177 | 1498.88 | 598.70 | 900.17 | 0.00 | 0.00 | 179436.24 |
| 178 | 1498.88 | 601.70 | 897.18 | 0.00 | 0.00 | 178834.54 |
| 179 | 1498.88 | 604.70 | 894.17 | 0.00 | 0.00 | 178229.84 |
| 180 | 1498.88 | 607.73 | 891.15 | 0.00 | 0.00 | 177622.11 |
| 181 | 1498.88 | 610.77 | 888.11 | 0.00 | 0.00 | 177011.35 |
| 182 | 1498.88 | 613.82 | 885.06 | 0.00 | 0.00 | 176397.53 |
| 183 | 1498.88 | 616.89 | 881.99 | 0.00 | 0.00 | 175780.64 |
| 184 | 1498.88 | 619.97 | 878.90 | 0.00 | 0.00 | 175160.66 |
| 185 | 1498.88 | 623.07 | 875.80 | 0.00 | 0.00 | 174537.59 |
| 186 | 1498.88 | 626.19 | 872.69 | 0.00 | 0.00 | 173911.40 |
| 187 | 1498.88 | 629.32 | 869.56 | 0.00 | 0.00 | 173282.08 |
| 188 | 1498.88 | 632.47 | 866.41 | 0.00 | 0.00 | 172649.62 |
| 189 | 1498.88 | 635.63 | 863.25 | 0.00 | 0.00 | 172013.99 |
| 190 | 1498.88 | 638.81 | 860.07 | 0.00 | 0.00 | 171375.18 |
| 191 | 1498.88 | 642.00 | 856.88 | 0.00 | 0.00 | 170733.18 |
| 192 | 1498.88 | 645.21 | 853.67 | 0.00 | 0.00 | 170087.97 |
| 193 | 1498.88 | 648.44 | 850.44 | 0.00 | 0.00 | 169439.54 |
| 194 | 1498.88 | 651.68 | 847.20 | 0.00 | 0.00 | 168787.86 |
| 195 | 1498.88 | 654.94 | 843.94 | 0.00 | 0.00 | 168132.92 |
| 196 | 1498.88 | 658.21 | 840.66 | 0.00 | 0.00 | 167474.71 |
| 197 | 1498.88 | 661.50 | 837.37 | 0.00 | 0.00 | 166813.21 |
| 198 | 1498.88 | 664.81 | 834.07 | 0.00 | 0.00 | 166148.40 |
| 199 | 1498.88 | 668.13 | 830.74 | 0.00 | 0.00 | 165480.26 |
| 200 | 1498.88 | 671.48 | 827.40 | 0.00 | 0.00 | 164808.79 |
| 201 | 1498.88 | 674.83 | 824.04 | 0.00 | 0.00 | 164133.95 |
| 202 | 1498.88 | 678.21 | 820.67 | 0.00 | 0.00 | 163455.75 |
| 203 | 1498.88 | 681.60 | 817.28 | 0.00 | 0.00 | 162774.15 |
| 204 | 1498.88 | 685.01 | 813.87 | 0.00 | 0.00 | 162089.14 |
| 205 | 1498.88 | 688.43 | 810.45 | 0.00 | 0.00 | 161400.71 |
| 206 | 1498.88 | 691.87 | 807.00 | 0.00 | 0.00 | 160708.84 |
| 207 | 1498.88 | 695.33 | 803.54 | 0.00 | 0.00 | 160013.51 |
| 208 | 1498.88 | 698.81 | 800.07 | 0.00 | 0.00 | 159314.70 |
| 209 | 1498.88 | 702.30 | 796.57 | 0.00 | 0.00 | 158612.40 |
| 210 | 1498.88 | 705.81 | 793.06 | 0.00 | 0.00 | 157906.58 |
| 211 | 1498.88 | 709.34 | 789.53 | 0.00 | 0.00 | 157197.24 |
| 212 | 1498.88 | 712.89 | 785.99 | 0.00 | 0.00 | 156484.35 |
| 213 | 1498.88 | 716.45 | 782.42 | 0.00 | 0.00 | 155767.89 |
| 214 | 1498.88 | 720.04 | 778.84 | 0.00 | 0.00 | 155047.86 |
| 215 | 1498.88 | 723.64 | 775.24 | 0.00 | 0.00 | 154324.22 |
| 216 | 1498.88 | 727.26 | 771.62 | 0.00 | 0.00 | 153596.97 |
| 217 | 1498.88 | 730.89 | 767.98 | 0.00 | 0.00 | 152866.07 |
| 218 | 1498.88 | 734.55 | 764.33 | 0.00 | 0.00 | 152131.53 |
| 219 | 1498.88 | 738.22 | 760.66 | 0.00 | 0.00 | 151393.31 |
| 220 | 1498.88 | 741.91 | 756.97 | 0.00 | 0.00 | 150651.40 |
| 221 | 1498.88 | 745.62 | 753.26 | 0.00 | 0.00 | 149905.78 |
| 222 | 1498.88 | 749.35 | 749.53 | 0.00 | 0.00 | 149156.43 |
| 223 | 1498.88 | 753.09 | 745.78 | 0.00 | 0.00 | 148403.34 |
| 224 | 1498.88 | 756.86 | 742.02 | 0.00 | 0.00 | 147646.48 |
| 225 | 1498.88 | 760.64 | 738.23 | 0.00 | 0.00 | 146885.83 |
| 226 | 1498.88 | 764.45 | 734.43 | 0.00 | 0.00 | 146121.39 |
| 227 | 1498.88 | 768.27 | 730.61 | 0.00 | 0.00 | 145353.12 |
| 228 | 1498.88 | 772.11 | 726.77 | 0.00 | 0.00 | 144581.01 |
| 229 | 1498.88 | 775.97 | 722.91 | 0.00 | 0.00 | 143805.04 |
| 230 | 1498.88 | 779.85 | 719.03 | 0.00 | 0.00 | 143025.19 |
| 231 | 1498.88 | 783.75 | 715.13 | 0.00 | 0.00 | 142241.43 |
| 232 | 1498.88 | 787.67 | 711.21 | 0.00 | 0.00 | 141453.77 |
| 233 | 1498.88 | 791.61 | 707.27 | 0.00 | 0.00 | 140662.16 |
| 234 | 1498.88 | 795.57 | 703.31 | 0.00 | 0.00 | 139866.59 |
| 235 | 1498.88 | 799.54 | 699.33 | 0.00 | 0.00 | 139067.05 |
| 236 | 1498.88 | 803.54 | 695.34 | 0.00 | 0.00 | 138263.51 |
| 237 | 1498.88 | 807.56 | 691.32 | 0.00 | 0.00 | 137455.95 |
| 238 | 1498.88 | 811.60 | 687.28 | 0.00 | 0.00 | 136644.35 |
| 239 | 1498.88 | 815.65 | 683.22 | 0.00 | 0.00 | 135828.70 |
| 240 | 1498.88 | 819.73 | 679.14 | 0.00 | 0.00 | 135008.97 |
| 241 | 1498.88 | 823.83 | 675.04 | 0.00 | 0.00 | 134185.13 |
| 242 | 1498.88 | 827.95 | 670.93 | 0.00 | 0.00 | 133357.18 |
| 243 | 1498.88 | 832.09 | 666.79 | 0.00 | 0.00 | 132525.09 |
| 244 | 1498.88 | 836.25 | 662.63 | 0.00 | 0.00 | 131688.84 |
| 245 | 1498.88 | 840.43 | 658.44 | 0.00 | 0.00 | 130848.41 |
| 246 | 1498.88 | 844.63 | 654.24 | 0.00 | 0.00 | 130003.78 |
| 247 | 1498.88 | 848.86 | 650.02 | 0.00 | 0.00 | 129154.92 |
| 248 | 1498.88 | 853.10 | 645.77 | 0.00 | 0.00 | 128301.82 |
| 249 | 1498.88 | 857.37 | 641.51 | 0.00 | 0.00 | 127444.45 |
| 250 | 1498.88 | 861.65 | 637.22 | 0.00 | 0.00 | 126582.80 |
| 251 | 1498.88 | 865.96 | 632.91 | 0.00 | 0.00 | 125716.83 |
| 252 | 1498.88 | 870.29 | 628.58 | 0.00 | 0.00 | 124846.54 |
| 253 | 1498.88 | 874.64 | 624.23 | 0.00 | 0.00 | 123971.90 |
| 254 | 1498.88 | 879.02 | 619.86 | 0.00 | 0.00 | 123092.88 |
| 255 | 1498.88 | 883.41 | 615.46 | 0.00 | 0.00 | 122209.47 |
| 256 | 1498.88 | 887.83 | 611.05 | 0.00 | 0.00 | 121321.64 |
| 257 | 1498.88 | 892.27 | 606.61 | 0.00 | 0.00 | 120429.37 |
| 258 | 1498.88 | 896.73 | 602.15 | 0.00 | 0.00 | 119532.64 |
| 259 | 1498.88 | 901.21 | 597.66 | 0.00 | 0.00 | 118631.43 |
| 260 | 1498.88 | 905.72 | 593.16 | 0.00 | 0.00 | 117725.71 |
| 261 | 1498.88 | 910.25 | 588.63 | 0.00 | 0.00 | 116815.46 |
| 262 | 1498.88 | 914.80 | 584.08 | 0.00 | 0.00 | 115900.66 |
| 263 | 1498.88 | 919.37 | 579.50 | 0.00 | 0.00 | 114981.29 |
| 264 | 1498.88 | 923.97 | 574.91 | 0.00 | 0.00 | 114057.32 |
| 265 | 1498.88 | 928.59 | 570.29 | 0.00 | 0.00 | 113128.73 |
| 266 | 1498.88 | 933.23 | 565.64 | 0.00 | 0.00 | 112195.50 |
| 267 | 1498.88 | 937.90 | 560.98 | 0.00 | 0.00 | 111257.60 |
| 268 | 1498.88 | 942.59 | 556.29 | 0.00 | 0.00 | 110315.01 |
| 269 | 1498.88 | 947.30 | 551.58 | 0.00 | 0.00 | 109367.71 |
| 270 | 1498.88 | 952.04 | 546.84 | 0.00 | 0.00 | 108415.67 |
| 271 | 1498.88 | 956.80 | 542.08 | 0.00 | 0.00 | 107458.87 |
| 272 | 1498.88 | 961.58 | 537.29 | 0.00 | 0.00 | 106497.29 |
| 273 | 1498.88 | 966.39 | 532.49 | 0.00 | 0.00 | 105530.90 |
| 274 | 1498.88 | 971.22 | 527.65 | 0.00 | 0.00 | 104559.68 |
| 275 | 1498.88 | 976.08 | 522.80 | 0.00 | 0.00 | 103583.60 |
| 276 | 1498.88 | 980.96 | 517.92 | 0.00 | 0.00 | 102602.64 |
| 277 | 1498.88 | 985.86 | 513.01 | 0.00 | 0.00 | 101616.78 |
| 278 | 1498.88 | 990.79 | 508.08 | 0.00 | 0.00 | 100625.99 |
| 279 | 1498.88 | 995.75 | 503.13 | 0.00 | 0.00 | 99630.24 |
| 280 | 1498.88 | 1000.73 | 498.15 | 0.00 | 0.00 | 98629.52 |
| 281 | 1498.88 | 1005.73 | 493.15 | 0.00 | 0.00 | 97623.79 |
| 282 | 1498.88 | 1010.76 | 488.12 | 0.00 | 0.00 | 96613.03 |
| 283 | 1498.88 | 1015.81 | 483.07 | 0.00 | 0.00 | 95597.22 |
| 284 | 1498.88 | 1020.89 | 477.99 | 0.00 | 0.00 | 94576.33 |
| 285 | 1498.88 | 1025.99 | 472.88 | 0.00 | 0.00 | 93550.33 |
| 286 | 1498.88 | 1031.12 | 467.75 | 0.00 | 0.00 | 92519.21 |
| 287 | 1498.88 | 1036.28 | 462.60 | 0.00 | 0.00 | 91482.93 |
| 288 | 1498.88 | 1041.46 | 457.41 | 0.00 | 0.00 | 90441.47 |
| 289 | 1498.88 | 1046.67 | 452.21 | 0.00 | 0.00 | 89394.80 |
| 290 | 1498.88 | 1051.90 | 446.97 | 0.00 | 0.00 | 88342.90 |
| 291 | 1498.88 | 1057.16 | 441.71 | 0.00 | 0.00 | 87285.74 |
| 292 | 1498.88 | 1062.45 | 436.43 | 0.00 | 0.00 | 86223.29 |
| 293 | 1498.88 | 1067.76 | 431.12 | 0.00 | 0.00 | 85155.53 |
| 294 | 1498.88 | 1073.10 | 425.78 | 0.00 | 0.00 | 84082.43 |
| 295 | 1498.88 | 1078.46 | 420.41 | 0.00 | 0.00 | 83003.96 |
| 296 | 1498.88 | 1083.86 | 415.02 | 0.00 | 0.00 | 81920.11 |
| 297 | 1498.88 | 1089.28 | 409.60 | 0.00 | 0.00 | 80830.83 |
| 298 | 1498.88 | 1094.72 | 404.15 | 0.00 | 0.00 | 79736.11 |
| 299 | 1498.88 | 1100.20 | 398.68 | 0.00 | 0.00 | 78635.91 |
| 300 | 1498.88 | 1105.70 | 393.18 | 0.00 | 0.00 | 77530.22 |
| 301 | 1498.88 | 1111.23 | 387.65 | 0.00 | 0.00 | 76418.99 |
| 302 | 1498.88 | 1116.78 | 382.09 | 0.00 | 0.00 | 75302.21 |
| 303 | 1498.88 | 1122.37 | 376.51 | 0.00 | 0.00 | 74179.85 |
| 304 | 1498.88 | 1127.98 | 370.90 | 0.00 | 0.00 | 73051.87 |
| 305 | 1498.88 | 1133.62 | 365.26 | 0.00 | 0.00 | 71918.25 |
| 306 | 1498.88 | 1139.29 | 359.59 | 0.00 | 0.00 | 70778.97 |
| 307 | 1498.88 | 1144.98 | 353.89 | 0.00 | 0.00 | 69633.99 |
| 308 | 1498.88 | 1150.71 | 348.17 | 0.00 | 0.00 | 68483.28 |
| 309 | 1498.88 | 1156.46 | 342.42 | 0.00 | 0.00 | 67326.82 |
| 310 | 1498.88 | 1162.24 | 336.63 | 0.00 | 0.00 | 66164.58 |
| 311 | 1498.88 | 1168.05 | 330.82 | 0.00 | 0.00 | 64996.52 |
| 312 | 1498.88 | 1173.89 | 324.98 | 0.00 | 0.00 | 63822.63 |
| 313 | 1498.88 | 1179.76 | 319.11 | 0.00 | 0.00 | 62642.87 |
| 314 | 1498.88 | 1185.66 | 313.21 | 0.00 | 0.00 | 61457.20 |
| 315 | 1498.88 | 1191.59 | 307.29 | 0.00 | 0.00 | 60265.61 |
| 316 | 1498.88 | 1197.55 | 301.33 | 0.00 | 0.00 | 59068.07 |
| 317 | 1498.88 | 1203.54 | 295.34 | 0.00 | 0.00 | 57864.53 |
| 318 | 1498.88 | 1209.55 | 289.32 | 0.00 | 0.00 | 56654.98 |
| 319 | 1498.88 | 1215.60 | 283.27 | 0.00 | 0.00 | 55439.37 |
| 320 | 1498.88 | 1221.68 | 277.20 | 0.00 | 0.00 | 54217.70 |
| 321 | 1498.88 | 1227.79 | 271.09 | 0.00 | 0.00 | 52989.91 |
| 322 | 1498.88 | 1233.93 | 264.95 | 0.00 | 0.00 | 51755.98 |
| 323 | 1498.88 | 1240.10 | 258.78 | 0.00 | 0.00 | 50515.88 |
| 324 | 1498.88 | 1246.30 | 252.58 | 0.00 | 0.00 | 49269.59 |
| 325 | 1498.88 | 1252.53 | 246.35 | 0.00 | 0.00 | 48017.06 |
| 326 | 1498.88 | 1258.79 | 240.09 | 0.00 | 0.00 | 46758.27 |
| 327 | 1498.88 | 1265.08 | 233.79 | 0.00 | 0.00 | 45493.18 |
| 328 | 1498.88 | 1271.41 | 227.47 | 0.00 | 0.00 | 44221.77 |
| 329 | 1498.88 | 1277.77 | 221.11 | 0.00 | 0.00 | 42944.01 |
| 330 | 1498.88 | 1284.16 | 214.72 | 0.00 | 0.00 | 41659.85 |
| 331 | 1498.88 | 1290.58 | 208.30 | 0.00 | 0.00 | 40369.27 |
| 332 | 1498.88 | 1297.03 | 201.85 | 0.00 | 0.00 | 39072.24 |
| 333 | 1498.88 | 1303.52 | 195.36 | 0.00 | 0.00 | 37768.73 |
| 334 | 1498.88 | 1310.03 | 188.84 | 0.00 | 0.00 | 36458.69 |
| 335 | 1498.88 | 1316.58 | 182.29 | 0.00 | 0.00 | 35142.11 |
| 336 | 1498.88 | 1323.17 | 175.71 | 0.00 | 0.00 | 33818.95 |
| 337 | 1498.88 | 1329.78 | 169.09 | 0.00 | 0.00 | 32489.16 |
| 338 | 1498.88 | 1336.43 | 162.45 | 0.00 | 0.00 | 31152.73 |
| 339 | 1498.88 | 1343.11 | 155.76 | 0.00 | 0.00 | 29809.62 |
| 340 | 1498.88 | 1349.83 | 149.05 | 0.00 | 0.00 | 28459.79 |
| 341 | 1498.88 | 1356.58 | 142.30 | 0.00 | 0.00 | 27103.22 |
| 342 | 1498.88 | 1363.36 | 135.52 | 0.00 | 0.00 | 25739.86 |
| 343 | 1498.88 | 1370.18 | 128.70 | 0.00 | 0.00 | 24369.68 |
| 344 | 1498.88 | 1377.03 | 121.85 | 0.00 | 0.00 | 22992.65 |
| 345 | 1498.88 | 1383.91 | 114.96 | 0.00 | 0.00 | 21608.74 |
| 346 | 1498.88 | 1390.83 | 108.04 | 0.00 | 0.00 | 20217.90 |
| 347 | 1498.88 | 1397.79 | 101.09 | 0.00 | 0.00 | 18820.12 |
| 348 | 1498.88 | 1404.78 | 94.10 | 0.00 | 0.00 | 17415.34 |
| 349 | 1498.88 | 1411.80 | 87.08 | 0.00 | 0.00 | 16003.54 |
| 350 | 1498.88 | 1418.86 | 80.02 | 0.00 | 0.00 | 14584.68 |
| 351 | 1498.88 | 1425.95 | 72.92 | 0.00 | 0.00 | 13158.73 |
| 352 | 1498.88 | 1433.08 | 65.79 | 0.00 | 0.00 | 11725.65 |
| 353 | 1498.88 | 1440.25 | 58.63 | 0.00 | 0.00 | 10285.40 |
| 354 | 1498.88 | 1447.45 | 51.43 | 0.00 | 0.00 | 8837.95 |
| 355 | 1498.88 | 1454.69 | 44.19 | 0.00 | 0.00 | 7383.26 |
| 356 | 1498.88 | 1461.96 | 36.92 | 0.00 | 0.00 | 5921.30 |
| 357 | 1498.88 | 1469.27 | 29.61 | 0.00 | 0.00 | 4452.03 |
| 358 | 1498.88 | 1476.62 | 22.26 | 0.00 | 0.00 | 2975.42 |
| 359 | 1498.88 | 1484.00 | 14.88 | 0.00 | 0.00 | 1491.42 |
| 360 | 1498.88 | 1491.42 | 7.46 | 0.00 | 0.00 | 0.00 |
How the schedule is calculated
- Rate per paymentr = annual rate % ÷ 100 ÷ 12 (monthly) or ÷ 26 (biweekly)
- Scheduled payment (amortizing)P × r ÷ (1 − (1 + r)^−n), where n = years × 12 or × 26
- Scheduled payment (interest only)P × r
- Each rowinterest = balance × r; principal = payment − interest + extra
- Balloonwhole remaining balance, added to the payment at the balloon period (or the last period)
The extra amount is applied to principal in the same row, so the next row's interest is already lower. The schedule stops as soon as the balance reaches zero, which is why extra payments shorten it. At 0% the payment is simply the principal divided by the number of payments.
Illustrative fixed-rate model: nominal annual rate divided by 12 or 26; biweekly means 26 equal scheduled payments per year. Extra payments reduce principal immediately. Interest-only balances are due as a balloon. Excludes fees, taxes, insurance and lender-specific day-count rules. All amounts use your chosen currency consistently.
Worked example
$250,000 at 6% a year, 30-year term. The first monthly payment of $1,498.88 is $1,250.00 of interest and only $248.88 of principal. Here is how each option changes the loan:
| Option | Payment | Paid off | Interest |
|---|---|---|---|
| Monthly12 payments a year | $1,498.88 | 30.0 yr | $289,595.47 |
| True biweekly26 payments a year | $691.46 | 30.0 yr | $289,336.85 |
| Accelerated biweeklybiweekly + $57.98 extra | $691.46 | 24.5 yr | $227,565.99 |
| Monthly + extra$200.00 extra each payment | $1,498.88 | 22.3 yr | $203,362.51 |
| 7-year balloonballoon at period 84 | $1,498.88 | 7.0 yr | $100,004.08 |
True biweekly payments barely change the interest ($258.62 less), because the payment is sized to finish in 30 years. The accelerated version saves $62,029.48: it adds the equivalent of one extra monthly payment a year.
The 7-year balloon loan pays less interest only because it ends early — its last payment is $225,597.34, which most borrowers cover by refinancing or selling.
Which repayment option matches your loan
Biweekly payments
A payment every two weeks gives 26 a year. Some lenders charge interest on that schedule; others hold your half-payments and apply them once a month, which only helps if the total is larger than 12 monthly payments. Ask your servicer which one you have before you pay a fee for a biweekly program — you can make the same extra principal payments yourself.
Balloon loans
Payments are calculated as if the loan ran for a long term, but the remaining balance is due in one lump sum much sooner. They appear in commercial property, some business and car loans, and short-term mortgages. The risk is the lump sum: if you can't refinance or sell when it falls due, you may lose the asset securing the loan.
Interest-only loans
Payments cover only interest for a set period, so the balance doesn't fall unless you pay extra. A home equity line of credit often works this way during its draw period. Here the interest-only term is the whole loan, ending in a balloon; to see what happens when principal payments start afterwards, run a second amortizing schedule on the same balance.
For an ordinary monthly mortgage with property tax, insurance and PMI, the Mortgage & Loan Calculator gives the full monthly cost and a yearly summary. Use this page when the structure of the loan is the question. The Payment column in the schedule includes any balloon, so the balloon row shows the total due that day; the CSV has the same seven columns.
Sources: Consumer Financial Protection Bureau, "What is a balloon payment? When is one allowed?" and "What is an interest-only loan?" (Ask CFPB). Checked 15 October 2026.
Frequently asked questions
How is this different from the Mortgage & Loan Calculator?+
The Mortgage & Loan Calculator is the one to use for a normal monthly payment: it adds property tax, home insurance and PMI, works in several currencies and summarizes the schedule by year. This page is for loan structures it doesn't cover — 26 biweekly payments a year, interest-only terms and a balloon balance due before the loan would otherwise be paid off — and it lists every single payment, with a CSV download.
Does paying biweekly save interest?+
Not by itself. On a $250,000 loan at 6% over 30 years, the monthly payment is $1,498.88 and total interest is $289,595.47. Switching to 26 biweekly payments of $691.46 costs $289,336.85 — only $258.62 less, because each payment is sized to finish in the same 30 years. The savings people quote come from paying half the monthly payment every two weeks, which adds up to 13 monthly payments a year.
How do I model an accelerated biweekly mortgage?+
Choose Biweekly and enter the gap between half your monthly payment and the biweekly payment as the extra amount. In the example above that is $749.44 − $691.46 = $57.98. The loan is then paid off in 638 payments (about 24.5 years) with $227,565.99 of interest — $62,029.48 less than paying monthly.
How much do extra payments save?+
Each extra dollar goes straight to principal, so it stops earning interest for the rest of the loan. Adding $200 to every monthly payment on a $250,000, 6%, 30-year loan pays it off in 267 payments (about 22.3 years) instead of 360 and cuts total interest from $289,595.47 to $203,362.51.
How is a balloon payment calculated?+
The calculator amortizes the loan over the full term, then makes the whole remaining balance due at the period you enter. A $250,000 loan at 6% amortized over 30 years with a balloon at payment 84 (7 years) has regular payments of $1,498.88 and a balloon of $224,098.46, so payment 84 totals $225,597.34. Enter 0 to have no early balloon.
How does an interest-only loan work here?+
Each payment covers only that period's interest, so the balance never falls and the full principal is due as a balloon with the last payment. A $250,000, 5-year interest-only loan at 6% has monthly payments of $1,250.00, $75,000.00 of interest in total and a final payment of $251,250.00. Any extra amount you enter reduces the balance and so the interest after it.
Why does most of my early payment go to interest?+
Interest is charged on the balance still owed, and at the start that's the whole loan. On the $250,000, 6%, 30-year example, the first monthly payment of $1,498.88 is $1,250.00 interest and only $248.88 principal. As the balance falls, the split shifts: principal first exceeds interest at payment 223, about 18.6 years in. The schedule shows this row by row.
Can I use it for a car loan or a term in months?+
Yes — any fixed-rate loan works. Enter the term in years, using decimals for odd months: a 66-month car loan is 5.5 years. $30,000 at 7% over 66 months comes to 66 monthly payments of $548.95. A 0% rate also works and simply divides the loan evenly: $12,000 over 2 years is $500.00 a month.
Why doesn't my lender's schedule match exactly?+
This is an illustrative fixed-rate model: the nominal annual rate is divided by 12 or 26 and applied to the balance each period. Lenders may accrue interest daily, round each payment to the cent, use a different day-count rule, or apply biweekly payments only once a full monthly payment has built up. Expect small differences in the cents and the final payment.
Are taxes, insurance, PMI and fees included?+
No. The schedule covers principal and interest only. For a full mortgage payment with property tax, homeowners insurance and PMI, use the Mortgage & Loan Calculator; for whether buying makes sense at all, see the Rent vs Buy Calculator.
Is my loan information saved or sent anywhere?+
No. The schedule is calculated in your browser, nothing is stored, and the CSV file is created on your device when you click Download.
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