Full Amortization Schedule
Year-by-year principal/interest breakdown for your loan.
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Formula & Assumptions
Source: Standard banking amortization formula · Effective: 2026-01-01- Year-by-year breakdown shown in detailed report.
- EMI formula: standard reducing-balance amortization.
An amortisation schedule is a table showing every EMI payment throughout your loan tenure, breaking down each payment into its principal and interest components. In the early years, a larger portion of each EMI goes towards interest; as the loan progresses, more goes towards principal reduction. The schedule also shows your outstanding loan balance after each payment.
In the early years of a home loan, your outstanding principal is at its highest, so the interest component (calculated on outstanding principal) is also highest. As you continue paying EMIs and the principal gradually reduces, the interest on the remaining balance decreases, and a larger share of each EMI goes towards principal repayment. This is why prepayments in early years save the most interest.
Use the amortisation schedule to track cumulative principal repayment. On a typical 20-year home loan at 8.5%, after 5 years of regular EMIs, you would have repaid approximately 12-15% of the original principal - the rest went to interest. This is normal for amortising loans and demonstrates why long tenures are expensive in total interest.
Each EMI is calculated using the compound interest formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1). Within each EMI, the interest portion = Outstanding Principal × Monthly Interest Rate, and the principal portion = EMI - Interest Portion. The new outstanding principal = Previous Outstanding Principal - Principal Portion of EMI.
Yes, RealtyIQ's amortisation calculator generates a complete month-by-month schedule that you can view online, download as a PDF, or print for reference. This is useful for tax planning (claiming Section 24(b) interest deduction and Section 80C principal deduction) and for tracking your loan progress over time.
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