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
$1,648
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
February '19$0$0$240,000
March '19$318$894$239,682
April '19$319$893$239,363
May '19$320$892$239,043
June '19$321$890$238,722
July '19$323$889$238,399
August '19$324$888$238,076
September '19$325$887$237,751
October '19$326$886$237,424
November '19$327$884$237,097
December '19$329$883$236,768
January '20$330$882$236,439
February '20$331$881$236,108
March '20$332$880$235,775
April '20$334$878$235,442
May '20$335$877$235,107
June '20$336$876$234,771
July '20$337$875$234,434
August '20$339$873$234,095
September '20$340$872$233,756
October '20$341$871$233,415
November '20$342$869$233,072
December '20$344$868$232,729
January '21$345$867$232,384
February '21$346$866$232,038
March '21$347$864$231,690
April '21$349$863$231,342
May '21$350$862$230,992
June '21$351$860$230,640
July '21$353$859$230,288
August '21$354$858$229,934
September '21$355$857$229,578
October '21$357$855$229,222
November '21$358$854$228,864
December '21$359$853$228,505
January '22$361$851$228,144
February '22$362$850$227,782
March '22$363$848$227,419
April '22$365$847$227,054
May '22$366$846$226,688
June '22$367$844$226,321
July '22$369$843$225,952
August '22$370$842$225,582
September '22$371$840$225,210
October '22$373$839$224,838
November '22$374$838$224,463
December '22$376$836$224,088
January '23$377$835$223,711
February '23$378$833$223,332
March '23$380$832$222,952
April '23$381$830$222,571
May '23$383$829$222,188
June '23$384$828$221,804
July '23$386$826$221,419
August '23$387$825$221,032
September '23$388$823$220,643
October '23$390$822$220,253
November '23$391$820$219,862
December '23$393$819$219,469
January '24$394$818$219,075
February '24$396$816$218,679
March '24$397$815$218,282
April '24$399$813$217,884
May '24$400$812$217,483
June '24$402$810$217,082
July '24$403$809$216,679
August '24$405$807$216,274
September '24$406$806$215,868
October '24$408$804$215,460
November '24$409$803$215,051
December '24$411$801$214,640
January '25$412$800$214,228
February '25$414$798$213,814
March '25$415$796$213,399
April '25$417$795$212,982
May '25$418$793$212,564
June '25$420$792$212,144
July '25$422$790$211,722
August '25$423$789$211,299
September '25$425$787$210,874
October '25$426$786$210,448
November '25$428$784$210,020
December '25$429$782$209,591
January '26$431$781$209,160
February '26$433$779$208,727
March '26$434$778$208,293
April '26$436$776$207,857
May '26$438$774$207,419
June '26$439$773$206,980
July '26$441$771$206,540
August '26$442$769$206,097
September '26$444$768$205,653
October '26$446$766$205,207
November '26$447$764$204,760
December '26$449$763$204,311
January '27$451$761$203,860
February '27$452$759$203,408
March '27$454$758$202,954
April '27$456$756$202,498
May '27$457$754$202,041
June '27$459$753$201,581
July '27$461$751$201,121
August '27$463$749$200,658
September '27$464$747$200,194
October '27$466$746$199,728
November '27$468$744$199,260
December '27$470$742$198,790
January '28$471$740$198,319
February '28$473$739$197,846
March '28$475$737$197,371
April '28$477$735$196,895
May '28$478$733$196,416
June '28$480$732$195,936
July '28$482$730$195,454
August '28$484$728$194,971
September '28$486$726$194,485
October '28$487$724$193,998
November '28$489$723$193,509
December '28$491$721$193,018
January '29$493$719$192,525
February '29$495$717$192,030
March '29$496$715$191,534
April '29$498$713$191,035
May '29$500$712$190,535
June '29$502$710$190,033
July '29$504$708$189,529
August '29$506$706$189,024
September '29$508$704$188,516
October '29$510$702$188,006
November '29$511$700$187,495
December '29$513$698$186,982
January '30$515$697$186,466
February '30$517$695$185,949
March '30$519$693$185,430
April '30$521$691$184,909
May '30$523$689$184,386
June '30$525$687$183,861
July '30$527$685$183,334
August '30$529$683$182,805
September '30$531$681$182,274
October '30$533$679$181,742
November '30$535$677$181,207
December '30$537$675$180,670
January '31$539$673$180,131
February '31$541$671$179,591
March '31$543$669$179,048
April '31$545$667$178,503
May '31$547$665$177,956
June '31$549$663$177,407
July '31$551$661$176,856
August '31$553$659$176,303
September '31$555$657$175,748
October '31$557$655$175,191
November '31$559$653$174,632
December '31$561$651$174,071
January '32$563$648$173,507
February '32$565$646$172,942
March '32$568$644$172,374
April '32$570$642$171,805
May '32$572$640$171,233
June '32$574$638$170,659
July '32$576$636$170,083
August '32$578$634$169,505
September '32$580$631$168,924
October '32$583$629$168,342
November '32$585$627$167,757
December '32$587$625$167,170
January '33$589$623$166,581
February '33$591$621$165,990
March '33$593$618$165,396
April '33$596$616$164,801
May '33$598$614$164,203
June '33$600$612$163,603
July '33$602$609$163,000
August '33$605$607$162,396
September '33$607$605$161,789
October '33$609$603$161,180
November '33$611$600$160,569
December '33$614$598$159,955
January '34$616$596$159,339
February '34$618$594$158,721
March '34$621$591$158,100
April '34$623$589$157,477
May '34$625$587$156,852
June '34$627$584$156,225
July '34$630$582$155,595
August '34$632$580$154,963
September '34$635$577$154,328
October '34$637$575$153,691
November '34$639$572$153,052
December '34$642$570$152,410
January '35$644$568$151,766
February '35$646$565$151,120
March '35$649$563$150,471
April '35$651$561$149,820
May '35$654$558$149,166
June '35$656$556$148,510
July '35$659$553$147,851
August '35$661$551$147,190
September '35$663$548$146,527
October '35$666$546$145,861
November '35$668$543$145,192
December '35$671$541$144,521
January '36$673$538$143,848
February '36$676$536$143,172
March '36$678$533$142,494
April '36$681$531$141,813
May '36$684$528$141,129
June '36$686$526$140,443
July '36$689$523$139,754
August '36$691$521$139,063
September '36$694$518$138,369
October '36$696$515$137,673
November '36$699$513$136,974
December '36$702$510$136,273
January '37$704$508$135,569
February '37$707$505$134,862
March '37$709$502$134,152
April '37$712$500$133,440
May '37$715$497$132,726
June '37$717$494$132,008
July '37$720$492$131,288
August '37$723$489$130,565
September '37$725$486$129,840
October '37$728$484$129,112
November '37$731$481$128,381
December '37$734$478$127,648
January '38$736$475$126,911
February '38$739$473$126,172
March '38$742$470$125,430
April '38$745$467$124,686
May '38$747$464$123,939
June '38$750$462$123,188
July '38$753$459$122,436
August '38$756$456$121,680
September '38$759$453$120,921
October '38$761$450$120,160
November '38$764$448$119,396
December '38$767$445$118,629
January '39$770$442$117,859
February '39$773$439$117,086
March '39$776$436$116,311
April '39$779$433$115,532
May '39$781$430$114,751
June '39$784$427$113,966
July '39$787$425$113,179
August '39$790$422$112,389
September '39$793$419$111,596
October '39$796$416$110,800
November '39$799$413$110,001
December '39$802$410$109,199
January '40$805$407$108,394
February '40$808$404$107,586
March '40$811$401$106,775
April '40$814$398$105,961
May '40$817$395$105,144
June '40$820$392$104,323
July '40$823$389$103,500
August '40$826$386$102,674
September '40$829$382$101,845
October '40$832$379$101,012
November '40$835$376$100,177
December '40$839$373$99,338
January '41$842$370$98,496
February '41$845$367$97,652
March '41$848$364$96,804
April '41$851$361$95,952
May '41$854$357$95,098
June '41$858$354$94,241
July '41$861$351$93,380
August '41$864$348$92,516
September '41$867$345$91,649
October '41$870$341$90,778
November '41$874$338$89,905
December '41$877$335$89,028
January '42$880$332$88,148
February '42$883$328$87,264
March '42$887$325$86,378
April '42$890$322$85,488
May '42$893$318$84,594
June '42$897$315$83,698
July '42$900$312$82,798
August '42$903$308$81,894
September '42$907$305$80,988
October '42$910$302$80,077
November '42$913$298$79,164
December '42$917$295$78,247
January '43$920$291$77,327
February '43$924$288$76,403
March '43$927$285$75,476
April '43$931$281$74,545
May '43$934$278$73,611
June '43$938$274$72,674
July '43$941$271$71,733
August '43$945$267$70,788
September '43$948$264$69,840
October '43$952$260$68,888
November '43$955$257$67,933
December '43$959$253$66,974
January '44$962$249$66,012
February '44$966$246$65,046
March '44$969$242$64,077
April '44$973$239$63,104
May '44$977$235$62,127
June '44$980$231$61,147
July '44$984$228$60,163
August '44$988$224$59,175
September '44$991$220$58,184
October '44$995$217$57,189
November '44$999$213$56,190
December '44$1,002$209$55,187
January '45$1,006$206$54,181
February '45$1,010$202$53,171
March '45$1,014$198$52,157
April '45$1,017$194$51,140
May '45$1,021$190$50,119
June '45$1,025$187$49,094
July '45$1,029$183$48,065
August '45$1,033$179$47,032
September '45$1,037$175$45,995
October '45$1,040$171$44,955
November '45$1,044$167$43,911
December '45$1,048$164$42,862
January '46$1,052$160$41,810
February '46$1,056$156$40,754
March '46$1,060$152$39,694
April '46$1,064$148$38,630
May '46$1,068$144$37,563
June '46$1,072$140$36,491
July '46$1,076$136$35,415
August '46$1,080$132$34,335
September '46$1,084$128$33,251
October '46$1,088$124$32,163
November '46$1,092$120$31,071
December '46$1,096$116$29,975
January '47$1,100$112$28,875
February '47$1,104$108$27,771
March '47$1,108$103$26,663
April '47$1,112$99$25,550
May '47$1,117$95$24,434
June '47$1,121$91$23,313
July '47$1,125$87$22,188
August '47$1,129$83$21,059
September '47$1,133$78$19,925
October '47$1,138$74$18,788
November '47$1,142$70$17,646
December '47$1,146$66$16,500
January '48$1,150$61$15,350
February '48$1,155$57$14,195
March '48$1,159$53$13,036
April '48$1,163$49$11,873
May '48$1,168$44$10,706
June '48$1,172$40$9,534
July '48$1,176$36$8,357
August '48$1,181$31$7,177
September '48$1,185$27$5,992
October '48$1,189$22$4,802
November '48$1,194$18$3,608
December '48$1,198$13$2,410
January '49$1,203$9$1,207
February '49$1,207$4$0
Monthly payment
Principal & interest

$1,212

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$1,648$2,210$1,648
Mortgage Rate4.47%3.99%*4.47%*
Total interest paid
$196,237
$79,329
$196,237
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,648$2,210$1,648
Mortgage Rate4.47%3.99%*4.47%*
Total interest paid
$196,237
$79,329
$196,237
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Principal & interest

$1,212

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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.