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
$1,719
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
November '18$0$0$240,000
December '18$289$996$239,711
January '19$291$995$239,420
February '19$292$994$239,128
March '19$293$992$238,835
April '19$294$991$238,541
May '19$295$990$238,245
June '19$297$989$237,949
July '19$298$987$237,651
August '19$299$986$237,351
September '19$300$985$237,051
October '19$302$984$236,749
November '19$303$983$236,446
December '19$304$981$236,142
January '20$305$980$235,837
February '20$307$979$235,530
March '20$308$977$235,222
April '20$309$976$234,913
May '20$311$975$234,602
June '20$312$974$234,290
July '20$313$972$233,977
August '20$314$971$233,663
September '20$316$970$233,347
October '20$317$968$233,030
November '20$318$967$232,712
December '20$320$966$232,392
January '21$321$964$232,071
February '21$322$963$231,749
March '21$324$962$231,425
April '21$325$960$231,100
May '21$326$959$230,773
June '21$328$958$230,446
July '21$329$956$230,117
August '21$330$955$229,786
September '21$332$954$229,454
October '21$333$952$229,121
November '21$335$951$228,787
December '21$336$949$228,451
January '22$337$948$228,113
February '22$339$947$227,774
March '22$340$945$227,434
April '22$342$944$227,093
May '22$343$942$226,750
June '22$344$941$226,405
July '22$346$940$226,059
August '22$347$938$225,712
September '22$349$937$225,363
October '22$350$935$225,013
November '22$352$934$224,662
December '22$353$932$224,308
January '23$355$931$223,954
February '23$356$929$223,598
March '23$358$928$223,240
April '23$359$926$222,881
May '23$360$925$222,521
June '23$362$923$222,159
July '23$363$922$221,795
August '23$365$920$221,430
September '23$367$919$221,064
October '23$368$917$220,696
November '23$370$916$220,326
December '23$371$914$219,955
January '24$373$913$219,583
February '24$374$911$219,208
March '24$376$910$218,833
April '24$377$908$218,455
May '24$379$907$218,077
June '24$380$905$217,696
July '24$382$903$217,314
August '24$384$902$216,931
September '24$385$900$216,545
October '24$387$899$216,159
November '24$388$897$215,770
December '24$390$895$215,380
January '25$392$894$214,989
February '25$393$892$214,595
March '25$395$891$214,201
April '25$397$889$213,804
May '25$398$887$213,406
June '25$400$886$213,006
July '25$401$884$212,605
August '25$403$882$212,202
September '25$405$881$211,797
October '25$406$879$211,390
November '25$408$877$210,982
December '25$410$876$210,572
January '26$412$874$210,161
February '26$413$872$209,747
March '26$415$870$209,332
April '26$417$869$208,916
May '26$418$867$208,497
June '26$420$865$208,077
July '26$422$864$207,655
August '26$424$862$207,231
September '26$425$860$206,806
October '26$427$858$206,379
November '26$429$856$205,950
December '26$431$855$205,519
January '27$433$853$205,087
February '27$434$851$204,652
March '27$436$849$204,216
April '27$438$847$203,778
May '27$440$846$203,338
June '27$442$844$202,897
July '27$443$842$202,453
August '27$445$840$202,008
September '27$447$838$201,561
October '27$449$836$201,112
November '27$451$835$200,661
December '27$453$833$200,209
January '28$455$831$199,754
February '28$456$829$199,298
March '28$458$827$198,839
April '28$460$825$198,379
May '28$462$823$197,917
June '28$464$821$197,453
July '28$466$819$196,987
August '28$468$817$196,519
September '28$470$816$196,049
October '28$472$814$195,577
November '28$474$812$195,103
December '28$476$810$194,627
January '29$478$808$194,150
February '29$480$806$193,670
March '29$482$804$193,188
April '29$484$802$192,705
May '29$486$800$192,219
June '29$488$798$191,731
July '29$490$796$191,241
August '29$492$794$190,750
September '29$494$792$190,256
October '29$496$790$189,760
November '29$498$788$189,262
December '29$500$785$188,762
January '30$502$783$188,260
February '30$504$781$187,756
March '30$506$779$187,249
April '30$508$777$186,741
May '30$510$775$186,231
June '30$513$773$185,718
July '30$515$771$185,203
August '30$517$769$184,686
September '30$519$766$184,167
October '30$521$764$183,646
November '30$523$762$183,123
December '30$525$760$182,598
January '31$528$758$182,070
February '31$530$756$181,540
March '31$532$753$181,008
April '31$534$751$180,474
May '31$536$749$179,937
June '31$539$747$179,399
July '31$541$745$178,858
August '31$543$742$178,314
September '31$545$740$177,769
October '31$548$738$177,221
November '31$550$735$176,671
December '31$552$733$176,119
January '32$555$731$175,565
February '32$557$729$175,008
March '32$559$726$174,448
April '32$561$724$173,887
May '32$564$722$173,323
June '32$566$719$172,757
July '32$568$717$172,189
August '32$571$715$171,618
September '32$573$712$171,044
October '32$576$710$170,469
November '32$578$707$169,891
December '32$580$705$169,310
January '33$583$703$168,728
February '33$585$700$168,142
March '33$588$698$167,555
April '33$590$695$166,965
May '33$593$693$166,372
June '33$595$690$165,777
July '33$597$688$165,180
August '33$600$685$164,580
September '33$602$683$163,977
October '33$605$681$163,372
November '33$607$678$162,765
December '33$610$675$162,155
January '34$612$673$161,543
February '34$615$670$160,927
March '34$618$668$160,310
April '34$620$665$159,690
May '34$623$663$159,067
June '34$625$660$158,442
July '34$628$658$157,814
August '34$631$655$157,183
September '34$633$652$156,550
October '34$636$650$155,914
November '34$638$647$155,276
December '34$641$644$154,635
January '35$644$642$153,991
February '35$646$639$153,345
March '35$649$636$152,696
April '35$652$634$152,044
May '35$654$631$151,390
June '35$657$628$150,732
July '35$660$626$150,073
August '35$663$623$149,410
September '35$665$620$148,744
October '35$668$617$148,076
November '35$671$615$147,405
December '35$674$612$146,732
January '36$677$609$146,055
February '36$679$606$145,376
March '36$682$603$144,694
April '36$685$600$144,009
May '36$688$598$143,321
June '36$691$595$142,630
July '36$694$592$141,937
August '36$696$589$141,240
September '36$699$586$140,541
October '36$702$583$139,839
November '36$705$580$139,134
December '36$708$577$138,426
January '37$711$574$137,715
February '37$714$572$137,001
March '37$717$569$136,284
April '37$720$566$135,564
May '37$723$563$134,841
June '37$726$560$134,115
July '37$729$557$133,387
August '37$732$554$132,655
September '37$735$551$131,920
October '37$738$547$131,182
November '37$741$544$130,441
December '37$744$541$129,697
January '38$747$538$128,949
February '38$750$535$128,199
March '38$753$532$127,446
April '38$757$529$126,689
May '38$760$526$125,930
June '38$763$523$125,167
July '38$766$519$124,401
August '38$769$516$123,632
September '38$772$513$122,859
October '38$776$510$122,084
November '38$779$507$121,305
December '38$782$503$120,523
January '39$785$500$119,737
February '39$789$497$118,949
March '39$792$494$118,157
April '39$795$490$117,362
May '39$798$487$116,564
June '39$802$484$115,762
July '39$805$480$114,957
August '39$808$477$114,149
September '39$812$474$113,337
October '39$815$470$112,522
November '39$818$467$111,703
December '39$822$464$110,881
January '40$825$460$110,056
February '40$829$457$109,227
March '40$832$453$108,395
April '40$836$450$107,560
May '40$839$446$106,721
June '40$843$443$105,878
July '40$846$439$105,032
August '40$850$436$104,182
September '40$853$432$103,329
October '40$857$429$102,473
November '40$860$425$101,613
December '40$864$422$100,749
January '41$867$418$99,882
February '41$871$415$99,011
March '41$875$411$98,136
April '41$878$407$97,258
May '41$882$404$96,376
June '41$885$400$95,491
July '41$889$396$94,601
August '41$893$393$93,709
September '41$897$389$92,812
October '41$900$385$91,912
November '41$904$381$91,008
December '41$908$378$90,100
January '42$912$374$89,188
February '42$915$370$88,273
March '42$919$366$87,354
April '42$923$363$86,431
May '42$927$359$85,504
June '42$931$355$84,574
July '42$934$351$83,639
August '42$938$347$82,701
September '42$942$343$81,759
October '42$946$339$80,813
November '42$950$335$79,863
December '42$954$331$78,909
January '43$958$327$77,951
February '43$962$323$76,989
March '43$966$320$76,023
April '43$970$315$75,053
May '43$974$311$74,079
June '43$978$307$73,101
July '43$982$303$72,119
August '43$986$299$71,133
September '43$990$295$70,142
October '43$994$291$69,148
November '43$998$287$68,149
December '43$1,003$283$67,147
January '44$1,007$279$66,140
February '44$1,011$274$65,129
March '44$1,015$270$64,114
April '44$1,019$266$63,095
May '44$1,024$262$62,071
June '44$1,028$258$61,043
July '44$1,032$253$60,011
August '44$1,036$249$58,975
September '44$1,041$245$57,934
October '44$1,045$240$56,889
November '44$1,049$236$55,840
December '44$1,054$232$54,786
January '45$1,058$227$53,728
February '45$1,062$223$52,665
March '45$1,067$219$51,598
April '45$1,071$214$50,527
May '45$1,076$210$49,451
June '45$1,080$205$48,371
July '45$1,085$201$47,286
August '45$1,089$196$46,197
September '45$1,094$192$45,104
October '45$1,098$187$44,005
November '45$1,103$183$42,902
December '45$1,107$178$41,795
January '46$1,112$173$40,683
February '46$1,117$169$39,566
March '46$1,121$164$38,445
April '46$1,126$160$37,319
May '46$1,131$155$36,189
June '46$1,135$150$35,054
July '46$1,140$145$33,914
August '46$1,145$141$32,769
September '46$1,149$136$31,619
October '46$1,154$131$30,465
November '46$1,159$126$29,306
December '46$1,164$122$28,142
January '47$1,169$117$26,974
February '47$1,173$112$25,800
March '47$1,178$107$24,622
April '47$1,183$102$23,439
May '47$1,188$97$22,250
June '47$1,193$92$21,057
July '47$1,198$87$19,859
August '47$1,203$82$18,656
September '47$1,208$77$17,448
October '47$1,213$72$16,235
November '47$1,218$67$15,017
December '47$1,223$62$13,794
January '48$1,228$57$12,566
February '48$1,233$52$11,333
March '48$1,238$47$10,094
April '48$1,244$42$8,851
May '48$1,249$37$7,602
June '48$1,254$32$6,348
July '48$1,259$26$5,089
August '48$1,264$21$3,825
September '48$1,270$16$2,555
October '48$1,275$11$1,280
November '48$1,280$5$0
Monthly payment
Principal & interest

$1,285

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$1,719$2,267$1,719
Mortgage Rate4.98%4.48%*4.98%*
Total interest paid
$222,758
$90,036
$222,758
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,719$2,267$1,719
Mortgage Rate4.98%4.48%*4.98%*
Total interest paid
$222,758
$90,036
$222,758
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Principal & interest

$1,285

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How we got here
Determining your remaining loan balance
Determining your remaining loan balance

The NerdWallet amortization calculator gives you a detailed view of your projected mortgage payment schedule. Let’s say this first: it can be an intimidating report. Row after row of payments, with details on the allocation of each payment to interest (a lot in the early years of the loan) and to principal (not so much, at first).

The graph above may tell the story best. A gentle arc that illustrates paying down the loan and another of rising principal paid.

By sliding the year markers left and right, you can easily see the progress of your mortgage payoff on any given date. You can also adjust the interest rate and loan term to see how a future refinance could change your financial situation. And you can explore possible benefits of making accelerated principal payments to reduce your home loan debt.

Other benefits of using our mortgage amortization calculator:

  1. Seeing when private mortgage insurance premiums might be eliminated. Once principal reduction — and property value appreciation — grow your home equity to 20% or more, you’ll likely have the chance to rid yourself of PMI payments.
  2. Determining when shortening your loan term (say from 30 years to 15, or 10) might make sense.
  3. Performing your own “countdown to loan payoff”.

The NerdWallet amortization calculator gives you a detailed view of your projected mortgage payment schedule. Let’s say this first: it can be an intimidating report. Row after row of payments, with details on the allocation of each payment to interest (a lot in the early years of the loan) and to principal (not so much, at first).

The graph above ma...

See all

Mortgage amortization 101

The simple answer is: the lender gets paid first. In the early years of your mortgage, your monthly loan payment is heavily weighted to paying interest. Just a tiny reduction of the principal loan balance occurs with each payment at this stage. The rest of the payment often goes to insurance, taxes and other expenses wrapped into the monthly amount due.

As years pass, you’ll begin to see more of your payment going to principal — a greater amount is reducing the debt and less is being spent on interest.