Calculate your loan payments and see how much of each goes toward interest and principal. Instantly generate a full amortization schedule for your loan or mortgage.
Your estimated payment amount based on your chosen frequency.
Total interest paid over the loan term.
Principal + interest over the full loan term.
This free Canadian amortization calculator helps you plan your loan payments and visualize your repayment schedule.
It works for personal, car, and business loans with fixed interest rates.
Enter your loan details above to view the full amortization schedule.
View how your balance, principal, and interest change with each payment.
| Payment # | Principal | Interest | Total Payment | Remaining Balance |
|---|
In just three simple steps, calculate your loan payments and view a complete amortization schedule that shows how your balance decreases with every payment.
Add your loan amount, annual interest rate, term, and payment frequency (monthly, bi-weekly, or weekly). This calculator works for personal, car, and mortgage loans.
Our calculator instantly shows your payment amount, total interest, and full repayment cost — plus a detailed amortization schedule showing how each payment is split between principal and interest.
Watch how your remaining balance decreases with every payment. You can adjust the rate, term, or loan amount to compare different repayment scenarios and find what fits your budget.
Each loan payment you make is divided into principal (the amount you borrowed) and interest (the cost of borrowing). Early in the loan, a larger portion of each payment goes toward interest. As your balance decreases, more of your payment applies to the principal.
This gradual shift is called amortization — it's how your loan balance steadily declines over time until it's paid off.
The chart below shows how the mix of principal and interest evolves throughout your loan term. In the beginning, interest makes up most of each payment. Over time, the share going toward principal increases, helping you build equity faster and reduce what you owe.
See how different loan amounts, interest rates, and terms affect your payment size, total interest, and overall repayment cost.
| Loan Amount | Rate | Term | Monthly Payment | Total Interest | Total Cost |
|---|---|---|---|---|---|
| $10,000 | 6% | 3 Years | $304 | $942 | $10,942 |
| $25,000 | 5% | 5 Years | $472 | $3,335 | $28,335 |
| $50,000 | 7% | 10 Years | $580 | $19,600 | $69,600 |
These examples show how interest and loan term impact amortization. Actual payments may vary depending on
your lender's rates, fees, and compounding method.
Compare other types of loans available in Canada and calculate your payments instantly using
our free, easy-to-use tools.
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