What does amortisation mean?
It means paying off a loan bit by bit over time. Each payment usually covers interest and also pays down part of the loan.
See the loan over time
Understand how each payment slowly moves from mostly interest to more capital.
A home loan changes month by month. This calculator shows how the balance, interest, and capital payment can change over the life of the loan.
This page helps you see the full journey of the loan, not only the first monthly payment.
Quick answers
It means paying off a loan bit by bit over time. Each payment usually covers interest and also pays down part of the loan.
At the start, the loan balance is still high. Interest is charged on that balance, so a bigger part of the payment goes to interest.
It helps you see the long-term cost of the loan and how extra payments could change the picture.
Yes. Interest rate changes, extra payments, missed payments, or changes to the loan can all change the schedule.