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
July '19$0$0$240,000
August '19$338$825$239,662
September '19$339$824$239,323
October '19$340$823$238,982
November '19$342$822$238,640
December '19$343$820$238,298
January '20$344$819$237,954
February '20$345$818$237,608
March '20$346$817$237,262
April '20$348$816$236,914
May '20$349$814$236,566
June '20$350$813$236,216
July '20$351$812$235,864
August '20$352$811$235,512
September '20$354$810$235,159
October '20$355$808$234,804
November '20$356$807$234,448
December '20$357$806$234,090
January '21$358$805$233,732
February '21$360$803$233,372
March '21$361$802$233,011
April '21$362$801$232,649
May '21$363$800$232,286
June '21$365$798$231,921
July '21$366$797$231,555
August '21$367$796$231,188
September '21$368$795$230,819
October '21$370$793$230,450
November '21$371$792$230,079
December '21$372$791$229,707
January '22$374$790$229,333
February '22$375$788$228,958
March '22$376$787$228,582
April '22$377$786$228,205
May '22$379$784$227,826
June '22$380$783$227,446
July '22$381$782$227,065
August '22$383$781$226,682
September '22$384$779$226,298
October '22$385$778$225,913
November '22$387$777$225,526
December '22$388$775$225,138
January '23$389$774$224,749
February '23$391$773$224,358
March '23$392$771$223,966
April '23$393$770$223,573
May '23$395$769$223,179
June '23$396$767$222,783
July '23$397$766$222,385
August '23$399$764$221,987
September '23$400$763$221,586
October '23$401$762$221,185
November '23$403$760$220,782
December '23$404$759$220,378
January '24$406$758$219,972
February '24$407$756$219,565
March '24$408$755$219,157
April '24$410$753$218,747
May '24$411$752$218,336
June '24$413$751$217,923
July '24$414$749$217,509
August '24$415$748$217,094
September '24$417$746$216,677
October '24$418$745$216,259
November '24$420$743$215,839
December '24$421$742$215,418
January '25$423$740$214,995
February '25$424$739$214,571
March '25$426$738$214,145
April '25$427$736$213,718
May '25$429$735$213,290
June '25$430$733$212,860
July '25$431$732$212,428
August '25$433$730$211,995
September '25$434$729$211,561
October '25$436$727$211,125
November '25$437$726$210,688
December '25$439$724$210,249
January '26$440$723$209,808
February '26$442$721$209,366
March '26$443$720$208,923
April '26$445$718$208,478
May '26$447$717$208,031
June '26$448$715$207,583
July '26$450$714$207,134
August '26$451$712$206,683
September '26$453$710$206,230
October '26$454$709$205,776
November '26$456$707$205,320
December '26$457$706$204,862
January '27$459$704$204,403
February '27$461$703$203,943
March '27$462$701$203,481
April '27$464$699$203,017
May '27$465$698$202,552
June '27$467$696$202,085
July '27$468$695$201,616
August '27$470$693$201,146
September '27$472$691$200,675
October '27$473$690$200,201
November '27$475$688$199,726
December '27$477$687$199,250
January '28$478$685$198,771
February '28$480$683$198,292
March '28$482$682$197,810
April '28$483$680$197,327
May '28$485$678$196,842
June '28$487$677$196,356
July '28$488$675$195,867
August '28$490$673$195,377
September '28$492$672$194,886
October '28$493$670$194,393
November '28$495$668$193,898
December '28$497$667$193,401
January '29$498$665$192,903
February '29$500$663$192,403
March '29$502$661$191,901
April '29$503$660$191,397
May '29$505$658$190,892
June '29$507$656$190,385
July '29$509$654$189,877
August '29$510$653$189,366
September '29$512$651$188,854
October '29$514$649$188,340
November '29$516$647$187,824
December '29$518$646$187,307
January '30$519$644$186,787
February '30$521$642$186,266
March '30$523$640$185,743
April '30$525$638$185,219
May '30$526$637$184,692
June '30$528$635$184,164
July '30$530$633$183,634
August '30$532$631$183,102
September '30$534$629$182,568
October '30$536$628$182,033
November '30$537$626$181,495
December '30$539$624$180,956
January '31$541$622$180,415
February '31$543$620$179,872
March '31$545$618$179,327
April '31$547$616$178,780
May '31$549$615$178,232
June '31$550$613$177,681
July '31$552$611$177,129
August '31$554$609$176,575
September '31$556$607$176,018
October '31$558$605$175,460
November '31$560$603$174,900
December '31$562$601$174,338
January '32$564$599$173,774
February '32$566$597$173,209
March '32$568$595$172,641
April '32$570$593$172,071
May '32$572$591$171,499
June '32$574$590$170,926
July '32$576$588$170,350
August '32$578$586$169,773
September '32$580$584$169,193
October '32$582$582$168,612
November '32$584$580$168,028
December '32$586$578$167,442
January '33$588$576$166,855
February '33$590$574$166,265
March '33$592$572$165,674
April '33$594$570$165,080
May '33$596$567$164,484
June '33$598$565$163,887
July '33$600$563$163,287
August '33$602$561$162,685
September '33$604$559$162,081
October '33$606$557$161,475
November '33$608$555$160,867
December '33$610$553$160,257
January '34$612$551$159,644
February '34$614$549$159,030
March '34$616$547$158,414
April '34$619$545$157,795
May '34$621$542$157,174
June '34$623$540$156,551
July '34$625$538$155,926
August '34$627$536$155,299
September '34$629$534$154,670
October '34$631$532$154,038
November '34$634$530$153,405
December '34$636$527$152,769
January '35$638$525$152,131
February '35$640$523$151,491
March '35$642$521$150,848
April '35$645$519$150,204
May '35$647$516$149,557
June '35$649$514$148,908
July '35$651$512$148,256
August '35$654$510$147,603
September '35$656$507$146,947
October '35$658$505$146,289
November '35$660$503$145,629
December '35$663$501$144,966
January '36$665$498$144,301
February '36$667$496$143,634
March '36$669$494$142,965
April '36$672$491$142,293
May '36$674$489$141,619
June '36$676$487$140,943
July '36$679$484$140,264
August '36$681$482$139,583
September '36$683$480$138,900
October '36$686$477$138,214
November '36$688$475$137,526
December '36$690$473$136,836
January '37$693$470$136,143
February '37$695$468$135,448
March '37$698$466$134,750
April '37$700$463$134,050
May '37$702$461$133,348
June '37$705$458$132,643
July '37$707$456$131,936
August '37$710$454$131,226
September '37$712$451$130,514
October '37$715$449$129,800
November '37$717$446$129,083
December '37$719$444$128,363
January '38$722$441$127,641
February '38$724$439$126,917
March '38$727$436$126,190
April '38$729$434$125,461
May '38$732$431$124,729
June '38$734$429$123,994
July '38$737$426$123,257
August '38$739$424$122,518
September '38$742$421$121,776
October '38$745$419$121,031
November '38$747$416$120,284
December '38$750$413$119,535
January '39$752$411$118,782
February '39$755$408$118,027
March '39$757$406$117,270
April '39$760$403$116,510
May '39$763$401$115,747
June '39$765$398$114,982
July '39$768$395$114,214
August '39$771$393$113,444
September '39$773$390$112,670
October '39$776$387$111,894
November '39$779$385$111,116
December '39$781$382$110,335
January '40$784$379$109,551
February '40$787$377$108,764
March '40$789$374$107,975
April '40$792$371$107,183
May '40$795$368$106,388
June '40$797$366$105,591
July '40$800$363$104,791
August '40$803$360$103,988
September '40$806$357$103,182
October '40$808$355$102,374
November '40$811$352$101,562
December '40$814$349$100,748
January '41$817$346$99,931
February '41$820$344$99,112
March '41$822$341$98,289
April '41$825$338$97,464
May '41$828$335$96,636
June '41$831$332$95,805
July '41$834$329$94,971
August '41$837$326$94,134
September '41$840$324$93,295
October '41$842$321$92,452
November '41$845$318$91,607
December '41$848$315$90,759
January '42$851$312$89,908
February '42$854$309$89,053
March '42$857$306$88,196
April '42$860$303$87,336
May '42$863$300$86,474
June '42$866$297$85,608
July '42$869$294$84,739
August '42$872$291$83,867
September '42$875$288$82,992
October '42$878$285$82,114
November '42$881$282$81,233
December '42$884$279$80,349
January '43$887$276$79,462
February '43$890$273$78,572
March '43$893$270$77,679
April '43$896$267$76,783
May '43$899$264$75,884
June '43$902$261$74,982
July '43$905$258$74,076
August '43$909$255$73,168
September '43$912$252$72,256
October '43$915$248$71,341
November '43$918$245$70,423
December '43$921$242$69,502
January '44$924$239$68,578
February '44$927$236$67,651
March '44$931$233$66,720
April '44$934$229$65,786
May '44$937$226$64,849
June '44$940$223$63,909
July '44$943$220$62,965
August '44$947$216$62,019
September '44$950$213$61,069
October '44$953$210$60,116
November '44$957$207$59,159
December '44$960$203$58,199
January '45$963$200$57,236
February '45$966$197$56,270
March '45$970$193$55,300
April '45$973$190$54,327
May '45$976$187$53,350
June '45$980$183$52,371
July '45$983$180$51,388
August '45$987$177$50,401
September '45$990$173$49,411
October '45$993$170$48,418
November '45$997$166$47,421
December '45$1,000$163$46,421
January '46$1,004$160$45,417
February '46$1,007$156$44,410
March '46$1,010$153$43,400
April '46$1,014$149$42,386
May '46$1,017$146$41,368
June '46$1,021$142$40,347
July '46$1,024$139$39,323
August '46$1,028$135$38,295
September '46$1,032$132$37,263
October '46$1,035$128$36,228
November '46$1,039$125$35,190
December '46$1,042$121$34,148
January '47$1,046$117$33,102
February '47$1,049$114$32,052
March '47$1,053$110$30,999
April '47$1,057$107$29,943
May '47$1,060$103$28,883
June '47$1,064$99$27,819
July '47$1,068$96$26,751
August '47$1,071$92$25,680
September '47$1,075$88$24,605
October '47$1,079$85$23,527
November '47$1,082$81$22,444
December '47$1,086$77$21,358
January '48$1,090$73$20,269
February '48$1,093$70$19,175
March '48$1,097$66$18,078
April '48$1,101$62$16,977
May '48$1,105$58$15,872
June '48$1,109$55$14,763
July '48$1,112$51$13,651
August '48$1,116$47$12,535
September '48$1,120$43$11,415
October '48$1,124$39$10,291
November '48$1,128$35$9,163
December '48$1,132$31$8,031
January '49$1,136$28$6,896
February '49$1,139$24$5,756
March '49$1,143$20$4,613
April '49$1,147$16$3,466
May '49$1,151$12$2,314
June '49$1,155$8$1,159
July '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$1,593
Mortgage Rate4.125%3.57%*4.08%*
Total interest paid
$178,737
$70,316
$176,482
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,160$1,593
Mortgage Rate4.125%3.57%*4.08%*
Total interest paid
$178,737
$70,316
$176,482
Refine Results
Refine your results
Principal & interest

$1,163

Become a home buying pro
Get answers to all of your home buying questions with NerdWallet’s home buying guide. Join today for free and get your copy.
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