See exactly how every payment splits between principal and interest.
An amortization schedule breaks down every payment on a loan into how much goes toward interest and how much reduces the principal, for every period until the loan is fully repaid. In the early years of a loan, a much larger share of each EMI goes toward interest, since interest is charged on the (still-large) outstanding balance; as the balance shrinks, more of each payment goes toward principal — even though the EMI itself stays constant on a fixed-rate loan.
Enter your loan amount, interest rate, and tenure below to generate a year-by-year schedule showing principal paid, interest paid, and remaining balance for every year of the loan, along with the same monthly-payment sliders and summary cards used across this site. Download it as a PDF to keep for your records or to compare against your lender's official schedule.
Understanding your amortization schedule helps with two very practical decisions: knowing how much equity you've actually built if you sell or refinance partway through the loan, and knowing exactly how much interest a prepayment in a given year would save (prepaying in year 2 saves far more interest than prepaying in year 18, since more principal is outstanding earlier on). It also matters for tax planning on home loans, since the interest and principal components are deducted under different sections of the Income Tax Act.
$6,334
$260,055
$760,055
Principal · 66%
$500,000
Total Interest · 34%
$260,055
| Year | Principal Paid | Interest Paid | Balance Remaining |
|---|---|---|---|
| 1 | $32,317 | $43,689 | $467,683 |
| 2 | $35,349 | $40,657 | $432,335 |
| 3 | $38,664 | $37,341 | $393,670 |
| 4 | $42,291 | $33,714 | $351,379 |
| 5 | $46,259 | $29,747 | $305,120 |
| 6 | $50,598 | $25,407 | $254,522 |
| 7 | $55,344 | $20,661 | $199,177 |
| 8 | $60,536 | $15,469 | $138,641 |
| 9 | $66,215 | $9,791 | $72,426 |
| 10 | $72,426 | $3,579 | $0 |
Why does the interest portion of my EMI decrease over time?
Because interest is calculated on the outstanding principal balance each month, and that balance keeps shrinking as you pay down the loan. Early payments are mostly interest; later payments are mostly principal, even though the total EMI amount doesn't change on a fixed-rate loan.
Can I see a monthly schedule instead of yearly?
This calculator summarizes the schedule year by year for readability across long tenures. The underlying math computes every individual month, so the yearly totals are an accurate roll-up of the monthly principal and interest splits.
How much equity have I built after 5 years?
Check the cumulative principal paid through year 5 in the schedule below — that, plus any change in your property or asset's market value, roughly represents your equity at that point, before accounting for the original down payment.
Does prepaying change my amortization schedule?
Yes significantly — any extra payment reduces the principal balance immediately, which reduces every subsequent month's interest charge and shortens the schedule. Use our loan prepayment calculator to see a schedule that accounts for extra payments.