Amortization

Amortization is the process of spreading out a loan (such as a home loan or auto loans) into a series of fixed payments
While each monthly payment remains the same, the payment is made up of parts that change over time
A portion of each payment goes towards interest costs (what your lender gets paid for the loan) and reducing your loan balan
Amortization Table
An amortization table is a schedule that lists each monthly payment in a loan as well as how much of each payment goes to in

Amount Borrowed 200000

Periods 240
Rate 0.0091666666667
Payment $2,064.38

Months Beginning PMT Interest Principal Ending Balance

1 200000 $2,064.38 1833.3333333 $231.04 $199,768.96
2 $199,768.96 $2,064.38 $1,831.22 $233.16 $199,535.80
3 $199,535.80 $2,064.38 $1,829.08 $235.30 $199,300.50
4 $199,300.50 $2,064.38 $1,826.92 $237.46 $199,063.04
5 $199,063.04 $2,064.38 $1,824.74 $239.63 $198,823.41
6 $198,823.41 $2,064.38 $1,822.55 $241.83 $198,581.58
7 $198,581.58 $2,064.38 $1,820.33 $244.05 $198,337.53
8 $198,337.53 $2,064.38 $1,818.09 $246.28 $198,091.25
9 $198,091.25 $2,064.38 $1,815.84 $248.54 $197,842.71
10 $197,842.71 $2,064.38 $1,813.56 $250.82 $197,591.89
11 $197,591.89 $2,064.38 $1,811.26 $253.12 $197,338.77
12 $197,338.77 $2,064.38 $1,808.94 $255.44 $197,083.34
13 $197,083.34 $2,064.38 $1,806.60 $257.78 $196,825.56
14 $196,825.56 $2,064.38 $1,804.23 $260.14 $196,565.41
15 $196,565.41 $2,064.38 $1,801.85 $262.53 $196,302.89
16 $196,302.89 $2,064.38 $1,799.44 $264.93 $196,037.95
17 $196,037.95 $2,064.38 $1,797.01 $267.36 $195,770.59
18 $195,770.59 $2,064.38 $1,794.56 $269.81 $195,500.78
19 $195,500.78 $2,064.38 $1,792.09 $272.29 $195,228.49
20 $195,228.49 $2,064.38 $1,789.59 $274.78 $194,953.71
21 $194,953.71 $2,064.38 $1,787.08 $277.30 $194,676.41
22 $194,676.41 $2,064.38 $1,784.53 $279.84 $194,396.57
23 $194,396.57 $2,064.38 $1,781.97 $282.41 $194,114.16
24 $194,114.16 $2,064.38 $1,779.38 $285.00 $193,829.16
25 $193,829.16 $2,064.38 $1,776.77 $287.61 $193,541.55
26 $193,541.55 $2,064.38 $1,774.13 $290.25 $193,251.31
27 $193,251.31 $2,064.38 $1,771.47 $292.91 $192,958.40
28 $192,958.40 $2,064.38 $1,768.79 $295.59 $192,662.81
29 $192,662.81 $2,064.38 $1,766.08 $298.30 $192,364.51
30 $192,364.51 $2,064.38 $1,763.34 $301.04 $192,063.47
31 $192,063.47 $2,064.38 $1,760.58 $303.79 $191,759.68
32 $191,759.68 $2,064.38 $1,757.80 $306.58 $191,453.10
33 $191,453.10 $2,064.38 $1,754.99 $309.39 $191,143.71
34 $191,143.71 $2,064.38 $1,752.15 $312.23 $190,831.48
35 $190,831.48 $2,064.38 $1,749.29 $315.09 $190,516.39
36 $190,516.39 $2,064.38 $1,746.40 $317.98 $190,198.42
37 $190,198.42 $2,064.38 $1,743.49 $320.89 $189,877.52
38 $189,877.52 $2,064.38 $1,740.54 $323.83 $189,553.69
39 $189,553.69 $2,064.38 $1,737.58 $326.80 $189,226.89
40 $189,226.89 $2,064.38 $1,734.58 $329.80 $188,897.09
41 $188,897.09 $2,064.38 $1,731.56 $332.82 $188,564.27
42 $188,564.27 $2,064.38 $1,728.51 $335.87 $188,228.40
43 $188,228.40 $2,064.38 $1,725.43 $338.95 $187,889.45
44 $187,889.45 $2,064.38 $1,722.32 $342.06 $187,547.40
45 $187,547.40 $2,064.38 $1,719.18 $345.19 $187,202.20
46 $187,202.20 $2,064.38 $1,716.02 $348.36 $186,853.85
47 $186,853.85 $2,064.38 $1,712.83 $351.55 $186,502.30
48 $186,502.30 $2,064.38 $1,709.60 $354.77 $186,147.52
49 $186,147.52 $2,064.38 $1,706.35 $358.02 $185,789.50
50 $185,789.50 $2,064.38 $1,703.07 $361.31 $185,428.19
51 $185,428.19 $2,064.38 $1,699.76 $364.62 $185,063.57
52 $185,063.57 $2,064.38 $1,696.42 $367.96 $184,695.61
53 $184,695.61 $2,064.38 $1,693.04 $371.33 $184,324.28
54 $184,324.28 $2,064.38 $1,689.64 $374.74 $183,949.54
55 $183,949.54 $2,064.38 $1,686.20 $378.17 $183,571.37
56 $183,571.37 $2,064.38 $1,682.74 $381.64 $183,189.73
57 $183,189.73 $2,064.38 $1,679.24 $385.14 $182,804.59
58 $182,804.59 $2,064.38 $1,675.71 $388.67 $182,415.93
59 $182,415.93 $2,064.38 $1,672.15 $392.23 $182,023.69
60 $182,023.69 $2,064.38 $1,668.55 $395.83 $181,627.87
61 $181,627.87 $2,064.38 $1,664.92 $399.45 $181,228.41
62 $181,228.41 $2,064.38 $1,661.26 $403.12 $180,825.30
63 $180,825.30 $2,064.38 $1,657.57 $406.81 $180,418.49
64 $180,418.49 $2,064.38 $1,653.84 $410.54 $180,007.95
65 $180,007.95 $2,064.38 $1,650.07 $414.30 $179,593.64
66 $179,593.64 $2,064.38 $1,646.28 $418.10 $179,175.54
67 $179,175.54 $2,064.38 $1,642.44 $421.93 $178,753.61
68 $178,753.61 $2,064.38 $1,638.57 $425.80 $178,327.80
69 $178,327.80 $2,064.38 $1,634.67 $429.71 $177,898.10
70 $177,898.10 $2,064.38 $1,630.73 $433.64 $177,464.45
71 $177,464.45 $2,064.38 $1,626.76 $437.62 $177,026.83
72 $177,026.83 $2,064.38 $1,622.75 $441.63 $176,585.20
73 $176,585.20 $2,064.38 $1,618.70 $445.68 $176,139.52
 74 $176,139.52 $2,064.38 $1,614.61 $449.76 $175,689.76
75 $175,689.76 $2,064.38 $1,610.49 $453.89 $175,235.87
76 $175,235.87 $2,064.38 $1,606.33 $458.05 $174,777.82
77 $174,777.82 $2,064.38 $1,602.13 $462.25 $174,315.58
78 $174,315.58 $2,064.38 $1,597.89 $466.48 $173,849.09
79 $173,849.09 $2,064.38 $1,593.62 $470.76 $173,378.33
80 $173,378.33 $2,064.38 $1,589.30 $475.08 $172,903.26
81 $172,903.26 $2,064.38 $1,584.95 $479.43 $172,423.83
82 $172,423.83 $2,064.38 $1,580.55 $483.83 $171,940.00
83 $171,940.00 $2,064.38 $1,576.12 $488.26 $171,451.74
84 $171,451.74 $2,064.38 $1,571.64 $492.74 $170,959.01
85 $170,959.01 $2,064.38 $1,567.12 $497.25 $170,461.75
86 $170,461.75 $2,064.38 $1,562.57 $501.81 $169,959.94
87 $169,959.94 $2,064.38 $1,557.97 $506.41 $169,453.53
88 $169,453.53 $2,064.38 $1,553.32 $511.05 $168,942.48
89 $168,942.48 $2,064.38 $1,548.64 $515.74 $168,426.74
90 $168,426.74 $2,064.38 $1,543.91 $520.46 $167,906.28
91 $167,906.28 $2,064.38 $1,539.14 $525.24 $167,381.04
92 $167,381.04 $2,064.38 $1,534.33 $530.05 $166,850.99
93 $166,850.99 $2,064.38 $1,529.47 $534.91 $166,316.08
94 $166,316.08 $2,064.38 $1,524.56 $539.81 $165,776.27
95 $165,776.27 $2,064.38 $1,519.62 $544.76 $165,231.51
96 $165,231.51 $2,064.38 $1,514.62 $549.75 $164,681.75
97 $164,681.75 $2,064.38 $1,509.58 $554.79 $164,126.96
98 $164,126.96 $2,064.38 $1,504.50 $559.88 $163,567.08
99 $163,567.08 $2,064.38 $1,499.36 $565.01 $163,002.07
100 $163,002.07 $2,064.38 $1,494.19 $570.19 $162,431.88
101 $162,431.88 $2,064.38 $1,488.96 $575.42 $161,856.46
102 $161,856.46 $2,064.38 $1,483.68 $580.69 $161,275.77
103 $161,275.77 $2,064.38 $1,478.36 $586.02 $160,689.75
104 $160,689.75 $2,064.38 $1,472.99 $591.39 $160,098.36
105 $160,098.36 $2,064.38 $1,467.57 $596.81 $159,501.56
106 $159,501.56 $2,064.38 $1,462.10 $602.28 $158,899.28
107 $158,899.28 $2,064.38 $1,456.58 $607.80 $158,291.48
108 $158,291.48 $2,064.38 $1,451.01 $613.37 $157,678.10
109 $157,678.10 $2,064.38 $1,445.38 $618.99 $157,059.11
110 $157,059.11 $2,064.38 $1,439.71 $624.67 $156,434.44
111 $156,434.44 $2,064.38 $1,433.98 $630.39 $155,804.05
112 $155,804.05 $2,064.38 $1,428.20 $636.17 $155,167.87
113 $155,167.87 $2,064.38 $1,422.37 $642.00 $154,525.87
114 $154,525.87 $2,064.38 $1,416.49 $647.89 $153,877.98
115 $153,877.98 $2,064.38 $1,410.55 $653.83 $153,224.15
116 $153,224.15 $2,064.38 $1,404.55 $659.82 $152,564.33
117 $152,564.33 $2,064.38 $1,398.51 $665.87 $151,898.46
118 $151,898.46 $2,064.38 $1,392.40 $671.97 $151,226.49
119 $151,226.49 $2,064.38 $1,386.24 $678.13 $150,548.35
120 $150,548.35 $2,064.38 $1,380.03 $684.35 $149,864.00
121 $149,864.00 $2,064.38 $1,373.75 $690.62 $149,173.38
122 $149,173.38 $2,064.38 $1,367.42 $696.95 $148,476.42
123 $148,476.42 $2,064.38 $1,361.03 $703.34 $147,773.08
124 $147,773.08 $2,064.38 $1,354.59 $709.79 $147,063.29
125 $147,063.29 $2,064.38 $1,348.08 $716.30 $146,346.99
126 $146,346.99 $2,064.38 $1,341.51 $722.86 $145,624.13
127 $145,624.13 $2,064.38 $1,334.89 $729.49 $144,894.64
128 $144,894.64 $2,064.38 $1,328.20 $736.18 $144,158.47
129 $144,158.47 $2,064.38 $1,321.45 $742.92 $143,415.54
130 $143,415.54 $2,064.38 $1,314.64 $749.73 $142,665.81
131 $142,665.81 $2,064.38 $1,307.77 $756.61 $141,909.20
132 $141,909.20 $2,064.38 $1,300.83 $763.54 $141,145.66
133 $141,145.66 $2,064.38 $1,293.84 $770.54 $140,375.12
134 $140,375.12 $2,064.38 $1,286.77 $777.60 $139,597.51
135 $139,597.51 $2,064.38 $1,279.64 $784.73 $138,812.78
136 $138,812.78 $2,064.38 $1,272.45 $791.93 $138,020.85
137 $138,020.85 $2,064.38 $1,265.19 $799.19 $137,221.67
138 $137,221.67 $2,064.38 $1,257.87 $806.51 $136,415.16
139 $136,415.16 $2,064.38 $1,250.47 $813.90 $135,601.25
140 $135,601.25 $2,064.38 $1,243.01 $821.37 $134,779.89
141 $134,779.89 $2,064.38 $1,235.48 $828.89 $133,950.99
142 $133,950.99 $2,064.38 $1,227.88 $836.49 $133,114.50
143 $133,114.50 $2,064.38 $1,220.22 $844.16 $132,270.34
144 $132,270.34 $2,064.38 $1,212.48 $851.90 $131,418.44
145 $131,418.44 $2,064.38 $1,204.67 $859.71 $130,558.73
146 $130,558.73 $2,064.38 $1,196.79 $867.59 $129,691.14
147 $129,691.14 $2,064.38 $1,188.84 $875.54 $128,815.60
148 $128,815.60 $2,064.38 $1,180.81 $883.57 $127,932.03
149 $127,932.03 $2,064.38 $1,172.71 $891.67 $127,040.37
150 $127,040.37 $2,064.38 $1,164.54 $899.84 $126,140.53
151 $126,140.53 $2,064.38 $1,156.29 $908.09 $125,232.44
152 $125,232.44 $2,064.38 $1,147.96 $916.41 $124,316.03
153 $124,316.03 $2,064.38 $1,139.56 $924.81 $123,391.21
154 $123,391.21 $2,064.38 $1,131.09 $933.29 $122,457.92
155 $122,457.92 $2,064.38 $1,122.53 $941.85 $121,516.08
156 $121,516.08 $2,064.38 $1,113.90 $950.48 $120,565.60
157 $120,565.60 $2,064.38 $1,105.18 $959.19 $119,606.41
158 $119,606.41 $2,064.38 $1,096.39 $967.98 $118,638.42
159 $118,638.42 $2,064.38 $1,087.52 $976.86 $117,661.56
160 $117,661.56 $2,064.38 $1,078.56 $985.81 $116,675.75
161 $116,675.75 $2,064.38 $1,069.53 $994.85 $115,680.90
162 $115,680.90 $2,064.38 $1,060.41 $1,003.97 $114,676.93
163 $114,676.93 $2,064.38 $1,051.21 $1,013.17 $113,663.76
164 $113,663.76 $2,064.38 $1,041.92 $1,022.46 $112,641.30
165 $112,641.30 $2,064.38 $1,032.55 $1,031.83 $111,609.47
166 $111,609.47 $2,064.38 $1,023.09 $1,041.29 $110,568.18
167 $110,568.18 $2,064.38 $1,013.54 $1,050.84 $109,517.35
168 $109,517.35 $2,064.38 $1,003.91 $1,060.47 $108,456.88
169 $108,456.88 $2,064.38 $994.19 $1,070.19 $107,386.69
170 $107,386.69 $2,064.38 $984.38 $1,080.00 $106,306.69
171 $106,306.69 $2,064.38 $974.48 $1,089.90 $105,216.79
172 $105,216.79 $2,064.38 $964.49 $1,099.89 $104,116.90
173 $104,116.90 $2,064.38 $954.40 $1,109.97 $103,006.93
174 $103,006.93 $2,064.38 $944.23 $1,120.15 $101,886.78
175 $101,886.78 $2,064.38 $933.96 $1,130.41 $100,756.37
176 $100,756.37 $2,064.38 $923.60 $1,140.78 $99,615.59
177 $99,615.59 $2,064.38 $913.14 $1,151.23 $98,464.36
178 $98,464.36 $2,064.38 $902.59 $1,161.79 $97,302.57
179 $97,302.57 $2,064.38 $891.94 $1,172.44 $96,130.14
180 $96,130.14 $2,064.38 $881.19 $1,183.18 $94,946.95
181 $94,946.95 $2,064.38 $870.35 $1,194.03 $93,752.92
182 $93,752.92 $2,064.38 $859.40 $1,204.98 $92,547.95
183 $92,547.95 $2,064.38 $848.36 $1,216.02 $91,331.93
184 $91,331.93 $2,064.38 $837.21 $1,227.17 $90,104.76
185 $90,104.76 $2,064.38 $825.96 $1,238.42 $88,866.34
186 $88,866.34 $2,064.38 $814.61 $1,249.77 $87,616.57
187 $87,616.57 $2,064.38 $803.15 $1,261.22 $86,355.35
188 $86,355.35 $2,064.38 $791.59 $1,272.79 $85,082.56
189 $85,082.56 $2,064.38 $779.92 $1,284.45 $83,798.11
190 $83,798.11 $2,064.38 $768.15 $1,296.23 $82,501.88
191 $82,501.88 $2,064.38 $756.27 $1,308.11 $81,193.77
192 $81,193.77 $2,064.38 $744.28 $1,320.10 $79,873.67
193 $79,873.67 $2,064.38 $732.18 $1,332.20 $78,541.47
194 $78,541.47 $2,064.38 $719.96 $1,344.41 $77,197.06
195 $77,197.06 $2,064.38 $707.64 $1,356.74 $75,840.32
196 $75,840.32 $2,064.38 $695.20 $1,369.17 $74,471.15
197 $74,471.15 $2,064.38 $682.65 $1,381.72 $73,089.42
198 $73,089.42 $2,064.38 $669.99 $1,394.39 $71,695.03
199 $71,695.03 $2,064.38 $657.20 $1,407.17 $70,287.86
200 $70,287.86 $2,064.38 $644.31 $1,420.07 $68,867.79
201 $68,867.79 $2,064.38 $631.29 $1,433.09 $67,434.70
202 $67,434.70 $2,064.38 $618.15 $1,446.23 $65,988.47
203 $65,988.47 $2,064.38 $604.89 $1,459.48 $64,528.99
204 $64,528.99 $2,064.38 $591.52 $1,472.86 $63,056.13
205 $63,056.13 $2,064.38 $578.01 $1,486.36 $61,569.77
206 $61,569.77 $2,064.38 $564.39 $1,499.99 $60,069.78
207 $60,069.78 $2,064.38 $550.64 $1,513.74 $58,556.04
208 $58,556.04 $2,064.38 $536.76 $1,527.61 $57,028.43
209 $57,028.43 $2,064.38 $522.76 $1,541.62 $55,486.81
210 $55,486.81 $2,064.38 $508.63 $1,555.75 $53,931.07
211 $53,931.07 $2,064.38 $494.37 $1,570.01 $52,361.06
212 $52,361.06 $2,064.38 $479.98 $1,584.40 $50,776.66
213 $50,776.66 $2,064.38 $465.45 $1,598.92 $49,177.73
214 $49,177.73 $2,064.38 $450.80 $1,613.58 $47,564.15
215 $47,564.15 $2,064.38 $436.00 $1,628.37 $45,935.78
216 $45,935.78 $2,064.38 $421.08 $1,643.30 $44,292.48
217 $44,292.48 $2,064.38 $406.01 $1,658.36 $42,634.12
218 $42,634.12 $2,064.38 $390.81 $1,673.56 $40,960.55
219 $40,960.55 $2,064.38 $375.47 $1,688.91 $39,271.65
220 $39,271.65 $2,064.38 $359.99 $1,704.39 $37,567.26
221 $37,567.26 $2,064.38 $344.37 $1,720.01 $35,847.25
222 $35,847.25 $2,064.38 $328.60 $1,735.78 $34,111.48
223 $34,111.48 $2,064.38 $312.69 $1,751.69 $32,359.79
224 $32,359.79 $2,064.38 $296.63 $1,767.75 $30,592.04
225 $30,592.04 $2,064.38 $280.43 $1,783.95 $28,808.09
226 $28,808.09 $2,064.38 $264.07 $1,800.30 $27,007.79
227 $27,007.79 $2,064.38 $247.57 $1,816.81 $25,190.98
228 $25,190.98 $2,064.38 $230.92 $1,833.46 $23,357.52
229 $23,357.52 $2,064.38 $214.11 $1,850.27 $21,507.26
230 $21,507.26 $2,064.38 $197.15 $1,867.23 $19,640.03
231 $19,640.03 $2,064.38 $180.03 $1,884.34 $17,755.69
232 $17,755.69 $2,064.38 $162.76 $1,901.62 $15,854.07
233 $15,854.07 $2,064.38 $145.33 $1,919.05 $13,935.02
234 $13,935.02 $2,064.38 $127.74 $1,936.64 $11,998.39
235 $11,998.39 $2,064.38 $109.99 $1,954.39 $10,043.99
236 $10,043.99 $2,064.38 $92.07 $1,972.31 $8,071.69
237 $8,071.69 $2,064.38 $73.99 $1,990.39 $6,081.30
238 $6,081.30 $2,064.38 $55.75 $2,008.63 $4,072.67
239 $4,072.67 $2,064.38 $37.33 $2,027.04 $2,045.63
240 $2,045.63 $2,064.38 $18.75 $2,045.63 $0.00
$295,450.43
Amortization
series of fixed payments
e over time
an) and reducing your loan balance (also known as paying off the loan principal)
ortization Table
much of each payment goes to interest and how much to the principal.

A = Payment amount per period

P = Initial Principal (loan amount)
r = interest rate per period
n = total number of periods
Numerator Denominator
9472.828697 4.16737328027
2273.0934

490174.2