Payment Table Calculator
Generate detailed loan amortization schedule with monthly payment breakdowns
Payment Schedule Examples
Home Loan Schedule
Loan Amount: ₹50,00,000
Interest: 8.5% p.a.
Term: 20 years
Monthly Payment: ₹43,391
First Year Interest: ₹4,20,000
Last Year Interest: ₹44,000
Car Loan Schedule
Loan Amount: ₹8,00,000
Interest: 10% p.a.
Term: 5 years
Monthly Payment: ₹16,991
First Year Interest: ₹76,000
Last Year Interest: ₹18,000
Personal Loan Schedule
Loan Amount: ₹3,00,000
Interest: 12% p.a.
Term: 3 years
Monthly Payment: ₹9,961
First Year Interest: ₹32,400
Last Year Interest: ₹7,200
Payment Schedule Formulas
Monthly Payment Formula
PMT = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ - 1)
Where:
P = Principal amount
r = Monthly interest rate
n = Total months
Monthly Interest
Interest = Balance × (Annual Rate ÷ 12)
Monthly interest is calculated on the remaining balance
Principal Payment
Principal = Monthly Payment - Interest
Principal portion increases as interest portion decreases
Benefits & Features
Our payment table calculator delivers valuable benefits for loan analysis and planning:
Detailed Insights
- Complete payment schedule
- Principal-interest breakup
- Running balance tracking
- Payment date planning
- Interest savings analysis
Planning Features
- Custom payment dates
- Extra payment scenarios
- Early payoff analysis
- Payment flexibility
- Schedule adjustments
Practical Tools
- Exportable schedules
- Print-friendly format
- Visual payment charts
- Progress tracking
- Payment reminders
Frequently Asked Questions
What is an amortization schedule?
An amortization schedule shows:
- Monthly payment breakdown
- Principal and interest portions
- Remaining loan balance
- Payment dates
- Total interest paid
- Progress towards loan payoff
Why does the interest payment decrease over time?
Interest payments decrease because:
- Interest is calculated on remaining balance
- Balance decreases with each payment
- More of payment goes to principal
- This is called "amortization"
- Total payment remains constant
How can I use this payment schedule?
Payment schedules help you:
- Plan monthly budgets
- Track loan progress
- Understand interest costs
- Plan extra payments
- Compare loan options
- Prepare tax documents