Amortization Calculator
Loan amortization summary with total interest and yearly breakdown.
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About this calculator
Amortization spreads each EMI into interest on the remaining balance plus principal repaid. Early payments are interest-heavy; final ones are almost all principal.
Formula
Same annuity EMI; interest share declines each period as outstanding falls.
Frequently Asked Questions
Why does my EMI stay same but interest part shrinks?
Because interest is always rate × outstanding. As you repay principal, outstanding falls, so interest falls and principal share rises.