Mortgage amortization calculator

Your amortization schedule will show you how much of your monthly mortgage payments you spend toward principal and interest.

Your monthly payment
$1,599
30 year fixed loan term
Amortization schedule

See how your payments change over time for your 30 year fixed loan term

At year 0

30 year fixed loan term

Remaining
$240,000
Principal Paid
$0
Interest Paid
$0
Year 0
drag me
1
30
Years

Insights

We’ll share an interesting insight here for key milestones in your payoff schedule.

Breakdown
Payment DatePrincipalInterestBalance
December '19$0$0$240,000
January '20$338$825$239,662
February '20$339$824$239,323
March '20$340$823$238,982
April '20$342$822$238,640
May '20$343$820$238,298
June '20$344$819$237,954
July '20$345$818$237,608
August '20$346$817$237,262
September '20$348$816$236,914
October '20$349$814$236,566
November '20$350$813$236,216
December '20$351$812$235,864
January '21$352$811$235,512
February '21$354$810$235,159
March '21$355$808$234,804
April '21$356$807$234,448
May '21$357$806$234,090
June '21$358$805$233,732
July '21$360$803$233,372
August '21$361$802$233,011
September '21$362$801$232,649
October '21$363$800$232,286
November '21$365$798$231,921
December '21$366$797$231,555
January '22$367$796$231,188
February '22$368$795$230,819
March '22$370$793$230,450
April '22$371$792$230,079
May '22$372$791$229,707
June '22$374$790$229,333
July '22$375$788$228,958
August '22$376$787$228,582
September '22$377$786$228,205
October '22$379$784$227,826
November '22$380$783$227,446
December '22$381$782$227,065
January '23$383$781$226,682
February '23$384$779$226,298
March '23$385$778$225,913
April '23$387$777$225,526
May '23$388$775$225,138
June '23$389$774$224,749
July '23$391$773$224,358
August '23$392$771$223,966
September '23$393$770$223,573
October '23$395$769$223,179
November '23$396$767$222,783
December '23$397$766$222,385
January '24$399$764$221,987
February '24$400$763$221,586
March '24$401$762$221,185
April '24$403$760$220,782
May '24$404$759$220,378
June '24$406$758$219,972
July '24$407$756$219,565
August '24$408$755$219,157
September '24$410$753$218,747
October '24$411$752$218,336
November '24$413$751$217,923
December '24$414$749$217,509
January '25$415$748$217,094
February '25$417$746$216,677
March '25$418$745$216,259
April '25$420$743$215,839
May '25$421$742$215,418
June '25$423$740$214,995
July '25$424$739$214,571
August '25$426$738$214,145
September '25$427$736$213,718
October '25$429$735$213,290
November '25$430$733$212,860
December '25$431$732$212,428
January '26$433$730$211,995
February '26$434$729$211,561
March '26$436$727$211,125
April '26$437$726$210,688
May '26$439$724$210,249
June '26$440$723$209,808
July '26$442$721$209,366
August '26$443$720$208,923
September '26$445$718$208,478
October '26$447$717$208,031
November '26$448$715$207,583
December '26$450$714$207,134
January '27$451$712$206,683
February '27$453$710$206,230
March '27$454$709$205,776
April '27$456$707$205,320
May '27$457$706$204,862
June '27$459$704$204,403
July '27$461$703$203,943
August '27$462$701$203,481
September '27$464$699$203,017
October '27$465$698$202,552
November '27$467$696$202,085
December '27$468$695$201,616
January '28$470$693$201,146
February '28$472$691$200,675
March '28$473$690$200,201
April '28$475$688$199,726
May '28$477$687$199,250
June '28$478$685$198,771
July '28$480$683$198,292
August '28$482$682$197,810
September '28$483$680$197,327
October '28$485$678$196,842
November '28$487$677$196,356
December '28$488$675$195,867
January '29$490$673$195,377
February '29$492$672$194,886
March '29$493$670$194,393
April '29$495$668$193,898
May '29$497$667$193,401
June '29$498$665$192,903
July '29$500$663$192,403
August '29$502$661$191,901
September '29$503$660$191,397
October '29$505$658$190,892
November '29$507$656$190,385
December '29$509$654$189,877
January '30$510$653$189,366
February '30$512$651$188,854
March '30$514$649$188,340
April '30$516$647$187,824
May '30$518$646$187,307
June '30$519$644$186,787
July '30$521$642$186,266
August '30$523$640$185,743
September '30$525$638$185,219
October '30$526$637$184,692
November '30$528$635$184,164
December '30$530$633$183,634
January '31$532$631$183,102
February '31$534$629$182,568
March '31$536$628$182,033
April '31$537$626$181,495
May '31$539$624$180,956
June '31$541$622$180,415
July '31$543$620$179,872
August '31$545$618$179,327
September '31$547$616$178,780
October '31$549$615$178,232
November '31$550$613$177,681
December '31$552$611$177,129
January '32$554$609$176,575
February '32$556$607$176,018
March '32$558$605$175,460
April '32$560$603$174,900
May '32$562$601$174,338
June '32$564$599$173,774
July '32$566$597$173,209
August '32$568$595$172,641
September '32$570$593$172,071
October '32$572$591$171,499
November '32$574$590$170,926
December '32$576$588$170,350
January '33$578$586$169,773
February '33$580$584$169,193
March '33$582$582$168,612
April '33$584$580$168,028
May '33$586$578$167,442
June '33$588$576$166,855
July '33$590$574$166,265
August '33$592$572$165,674
September '33$594$570$165,080
October '33$596$567$164,484
November '33$598$565$163,887
December '33$600$563$163,287
January '34$602$561$162,685
February '34$604$559$162,081
March '34$606$557$161,475
April '34$608$555$160,867
May '34$610$553$160,257
June '34$612$551$159,644
July '34$614$549$159,030
August '34$616$547$158,414
September '34$619$545$157,795
October '34$621$542$157,174
November '34$623$540$156,551
December '34$625$538$155,926
January '35$627$536$155,299
February '35$629$534$154,670
March '35$631$532$154,038
April '35$634$530$153,405
May '35$636$527$152,769
June '35$638$525$152,131
July '35$640$523$151,491
August '35$642$521$150,848
September '35$645$519$150,204
October '35$647$516$149,557
November '35$649$514$148,908
December '35$651$512$148,256
January '36$654$510$147,603
February '36$656$507$146,947
March '36$658$505$146,289
April '36$660$503$145,629
May '36$663$501$144,966
June '36$665$498$144,301
July '36$667$496$143,634
August '36$669$494$142,965
September '36$672$491$142,293
October '36$674$489$141,619
November '36$676$487$140,943
December '36$679$484$140,264
January '37$681$482$139,583
February '37$683$480$138,900
March '37$686$477$138,214
April '37$688$475$137,526
May '37$690$473$136,836
June '37$693$470$136,143
July '37$695$468$135,448
August '37$698$466$134,750
September '37$700$463$134,050
October '37$702$461$133,348
November '37$705$458$132,643
December '37$707$456$131,936
January '38$710$454$131,226
February '38$712$451$130,514
March '38$715$449$129,800
April '38$717$446$129,083
May '38$719$444$128,363
June '38$722$441$127,641
July '38$724$439$126,917
August '38$727$436$126,190
September '38$729$434$125,461
October '38$732$431$124,729
November '38$734$429$123,994
December '38$737$426$123,257
January '39$739$424$122,518
February '39$742$421$121,776
March '39$745$419$121,031
April '39$747$416$120,284
May '39$750$413$119,535
June '39$752$411$118,782
July '39$755$408$118,027
August '39$757$406$117,270
September '39$760$403$116,510
October '39$763$401$115,747
November '39$765$398$114,982
December '39$768$395$114,214
January '40$771$393$113,444
February '40$773$390$112,670
March '40$776$387$111,894
April '40$779$385$111,116
May '40$781$382$110,335
June '40$784$379$109,551
July '40$787$377$108,764
August '40$789$374$107,975
September '40$792$371$107,183
October '40$795$368$106,388
November '40$797$366$105,591
December '40$800$363$104,791
January '41$803$360$103,988
February '41$806$357$103,182
March '41$808$355$102,374
April '41$811$352$101,562
May '41$814$349$100,748
June '41$817$346$99,931
July '41$820$344$99,112
August '41$822$341$98,289
September '41$825$338$97,464
October '41$828$335$96,636
November '41$831$332$95,805
December '41$834$329$94,971
January '42$837$326$94,134
February '42$840$324$93,295
March '42$842$321$92,452
April '42$845$318$91,607
May '42$848$315$90,759
June '42$851$312$89,908
July '42$854$309$89,053
August '42$857$306$88,196
September '42$860$303$87,336
October '42$863$300$86,474
November '42$866$297$85,608
December '42$869$294$84,739
January '43$872$291$83,867
February '43$875$288$82,992
March '43$878$285$82,114
April '43$881$282$81,233
May '43$884$279$80,349
June '43$887$276$79,462
July '43$890$273$78,572
August '43$893$270$77,679
September '43$896$267$76,783
October '43$899$264$75,884
November '43$902$261$74,982
December '43$905$258$74,076
January '44$909$255$73,168
February '44$912$252$72,256
March '44$915$248$71,341
April '44$918$245$70,423
May '44$921$242$69,502
June '44$924$239$68,578
July '44$927$236$67,651
August '44$931$233$66,720
September '44$934$229$65,786
October '44$937$226$64,849
November '44$940$223$63,909
December '44$943$220$62,965
January '45$947$216$62,019
February '45$950$213$61,069
March '45$953$210$60,116
April '45$957$207$59,159
May '45$960$203$58,199
June '45$963$200$57,236
July '45$966$197$56,270
August '45$970$193$55,300
September '45$973$190$54,327
October '45$976$187$53,350
November '45$980$183$52,371
December '45$983$180$51,388
January '46$987$177$50,401
February '46$990$173$49,411
March '46$993$170$48,418
April '46$997$166$47,421
May '46$1,000$163$46,421
June '46$1,004$160$45,417
July '46$1,007$156$44,410
August '46$1,010$153$43,400
September '46$1,014$149$42,386
October '46$1,017$146$41,368
November '46$1,021$142$40,347
December '46$1,024$139$39,323
January '47$1,028$135$38,295
February '47$1,032$132$37,263
March '47$1,035$128$36,228
April '47$1,039$125$35,190
May '47$1,042$121$34,148
June '47$1,046$117$33,102
July '47$1,049$114$32,052
August '47$1,053$110$30,999
September '47$1,057$107$29,943
October '47$1,060$103$28,883
November '47$1,064$99$27,819
December '47$1,068$96$26,751
January '48$1,071$92$25,680
February '48$1,075$88$24,605
March '48$1,079$85$23,527
April '48$1,082$81$22,444
May '48$1,086$77$21,358
June '48$1,090$73$20,269
July '48$1,093$70$19,175
August '48$1,097$66$18,078
September '48$1,101$62$16,977
October '48$1,105$58$15,872
November '48$1,109$55$14,763
December '48$1,112$51$13,651
January '49$1,116$47$12,535
February '49$1,120$43$11,415
March '49$1,124$39$10,291
April '49$1,128$35$9,163
May '49$1,132$31$8,031
June '49$1,136$28$6,896
July '49$1,139$24$5,756
August '49$1,143$20$4,613
September '49$1,147$16$3,466
October '49$1,151$12$2,314
November '49$1,155$8$1,159
December '49$1,159$4$0
Monthly payment
Principal & interest

$1,163

Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare loan types

Total principal: $240,000

Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,160$1,583
Mortgage Rate4.125%3.57%*4.01%*
Total interest paid
$178,737
$70,316
$172,985
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,160$1,583
Mortgage Rate4.125%3.57%*4.01%*
Total interest paid
$178,737
$70,316
$172,985
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Refine your results
Principal & interest

$1,163

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How we got here

What's behind the numbers in our mortgage amortization calculator

What the mortgage amortization calculator does

How to use our mortgage amortization calculator

What's behind the numbers in our mortgage amortization calculator

An amortization calculator enables you to take a snapshot of the interest and principal (the debt) paid in any month of the loan.

"Amortization" is a word for the way debt is repaid in a mortgage, where each monthly payment is the same (excluding taxes and insurance). In the beginning years, most of each payment goes toward interest and only a little goes to debt reduction. That ratio gradually changes, and it flips in the later years of the mortgage. This is amortization at work.

For example, if you get a $200,000 mortgage for 30 years with an interest rate of 4.25%, your monthly principal and interest payments will be $984:

  • With the first payment, $276 will go to principal (reducing the debt) and $708 will go to interest.
  • Fast-forward 10 years to the 120th payment and the payment is still $984, but $420 goes to principal and $564 goes to interest.
  • In the next-to-last payment, $977 goes to principal and $7 goes to interest.

An amortization calculator enables you to take a snapshot of the interest and principal (the debt) paid in any month of the loan.

"Amortization" is a word for the way debt is repaid in a mortgage, where each monthly payment is the same (excluding taxes and insurance). In the beginning years, most of each payment goes toward interest and on...

See all

What the mortgage amortization calculator does

Before you get a mortgage, you might want to know how much interest you will pay in total. If you already have a mortgage, you might want to know how much debt you've paid off and how much remains. Or you might want to compare different loan terms before refinancing. NerdWallet's mortgage amortization schedule calculator can help you do all of those things. It allows you to figure out:

  • How much a particular month's house payment goes toward principal and how much goes toward interest. This information is viewed on an "amortization schedule" — a table that breaks down each payment month by month.
  • How much interest you will pay over the life of the loan.
  • In any given month, how much you still owe.
  • How different terms, like a 30-year versus a 15-year, compare in monthly payments and interest paid over the life of the loan.

» CALCULATE: 15-year or 30-year mortgage?

Before you get a mortgage, you might want to know how much interest you will pay in total. If you already have a mortgage, you might want to know how much debt you've paid off and how much remains. Or you might want to compare different loan terms before refinancing. NerdWallet's mortgage amortization schedule calculator can help you do a...

See all

How to use our mortgage amortization calculator

To get the most out of the mortgage amortization calculator, you can personalize it with your own numbers. Tap "Refine Results."

To get the most out of the mortgage amortization calculator, you can personalize it with your own numbers. Fill in the data fields to the right of the graph.

The data fields contain the following inputs:

  • Location.
  • The value or price of the home.
  • The mortgage interest rate.
  • The down payment (or, in the case of a refinance, the value of the home's equity).
  • The loan's term, from one to 30 years.

Fill in the data fields, then tap "Save & exit" near the top of the screen.

The calculator has four sections:

The calculator has four tabs:

  • "Amortization schedule" has the graph. Move the vertical slider to see how much you still owe and how much principal and interest you have paid at the end of each 12-month period.
  • "Breakdown" shows, month by month, the remaining loan balance after that payment has been made. On computers and tablets, it also displays a mortgage amortization table detailing the principal and interest paid each month.
  • "Monthly payment" shows the estimated monthly payment, including principal and interest, property taxes and homeowners insurance.
  • "Compare loan types" gives a side-by-side view of the monthly payments and total interest paid for three loans. From left to right, they are the mortgage whose interest rate and term you specified, and a 15-year and 30-year loan at today's mortgage rates.

To get the most out of the mortgage amortization calculator, you can personalize it with your own numbers. Tap "Refine Results."

To get the most out of the mortgage amortization calculator, you can personalize it with your own numbers. Fill in the data fields to the right of the graph.

The data fields contain the following inputs:

  • Location.
  • T...
See all

Mortgage amortization calculator 101

By playing around with the mortgage amortization calculator, you can:

  • See how much money you would save in the long run by getting a shorter- term loan, whether you're buying or refinancing.
  • See how much principal you have paid at the end of each year.
  • Take the first step toward calculating how much equity you have, and whether you can cancel private mortgage insurance. Use the slider to see approximately how much principal you have paid.Add that to your down payment.If that sum is more than 20% of the home's value when you got the loan, you might be able to cancel mortgage insurance.

» MORE: Calculate how much you would save by refinancing