Frequently asked questions
Everything you might want to know before building your first amortization schedule.
What exactly is an amortization schedule?
It's a simple table that shows every payment you'll make over the life of a loan, broken into two parts: the interest you owe that period and the principal you're paying down. As the loan progresses, more of each payment goes toward principal and less toward interest. Seeing it laid out makes the true cost of borrowing click.
Do I need to be good at math to use this?
Not at all. You enter a few basics — loan amount, interest rate, term, and start date — and we handle every calculation. The results are presented in plain language with clear numbers, so you can focus on the story they tell rather than the formulas behind them.
What kinds of loans can I model?
Most fixed-rate installment loans work here: mortgages, car loans, personal loans, student loans, and business loans. If your loan has a regular payment and a set term, you can build a schedule for it. For anything irregular, add a note describing the terms and the AI will adjust the schedule for you.
What's a prepayment, and why would I add one?
A prepayment is any extra money you pay beyond your scheduled payment — either a little extra every month or a one-time lump sum. Even small extras can shave years off your loan and save a surprising amount of interest. Try adding one and watch the total interest and payoff date drop in real time.
My loan has unusual terms. Can this handle that?
Yes. Interest-only periods, balloon payments, seasonal schedules, and rate changes are all supported. Just describe the specifics in the 'unusual details' field when you create the loan — for example, 'interest-only for the first 6 months, then a $5,000 balloon at the end' — and the AI interprets your note into the schedule.
Which payment frequencies can I choose from?
Weekly, bi-weekly, semi-monthly, monthly, semi-annual, and annual. Switching frequencies is a great way to compare options — many people find that bi-weekly payments (one extra payment a year) meaningfully reduce both the term and total interest.
Can I export my schedule to share with my accountant or lender?
Absolutely. Every loan detail page has Export PDF and Export CSV buttons. The PDF is a clean, readable report; the CSV drops the same data into a spreadsheet so you or your accountant can sort, filter, and play with the numbers.
Is my loan information private?
Completely. Your loans are tied to your account and visible only to you. There are no shared lists and nothing public — your financial details stay yours alone.
Is this financial advice?
No — it's a tool to help you understand and explore your loan. All calculations are estimates based on the information you provide and are for informational purposes only. For advice specific to your situation, talk to a qualified financial advisor or your lender.
Does it cost anything to use?
It's $4 per user, per month — one all-in price with no tiers, add-ons, or usage caps. Every feature is included: unlimited loan schedules, every payment frequency, prepayment and lump-sum modeling, AI-adjusted unusual terms, PDF and CSV export, reusable templates, side-by-side comparison, and private account-bound storage. You can sign up and build your first schedule in under a minute.
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