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
$1,704
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
September '18$0$0$240,000
October '18$295$976$239,705
November '18$296$975$239,409
December '18$297$974$239,112
January '19$298$972$238,813
February '19$300$971$238,514
March '19$301$970$238,213
April '19$302$969$237,911
May '19$303$968$237,608
June '19$305$966$237,303
July '19$306$965$236,997
August '19$307$964$236,690
September '19$308$963$236,382
October '19$310$961$236,072
November '19$311$960$235,762
December '19$312$959$235,449
January '20$313$957$235,136
February '20$315$956$234,821
March '20$316$955$234,506
April '20$317$954$234,188
May '20$318$952$233,870
June '20$320$951$233,550
July '20$321$950$233,229
August '20$322$948$232,907
September '20$324$947$232,583
October '20$325$946$232,258
November '20$326$945$231,932
December '20$328$943$231,604
January '21$329$942$231,275
February '21$330$941$230,945
March '21$332$939$230,613
April '21$333$938$230,280
May '21$334$936$229,946
June '21$336$935$229,610
July '21$337$934$229,273
August '21$338$932$228,935
September '21$340$931$228,595
October '21$341$930$228,254
November '21$343$928$227,911
December '21$344$927$227,567
January '22$345$925$227,222
February '22$347$924$226,875
March '22$348$923$226,527
April '22$350$921$226,177
May '22$351$920$225,826
June '22$352$918$225,474
July '22$354$917$225,120
August '22$355$915$224,764
September '22$357$914$224,407
October '22$358$913$224,049
November '22$360$911$223,690
December '22$361$910$223,328
January '23$363$908$222,966
February '23$364$907$222,602
March '23$366$905$222,236
April '23$367$904$221,869
May '23$369$902$221,500
June '23$370$901$221,130
July '23$372$899$220,759
August '23$373$898$220,386
September '23$375$896$220,011
October '23$376$895$219,635
November '23$378$893$219,257
December '23$379$892$218,878
January '24$381$890$218,497
February '24$382$889$218,115
March '24$384$887$217,731
April '24$385$885$217,346
May '24$387$884$216,959
June '24$389$882$216,571
July '24$390$881$216,180
August '24$392$879$215,789
September '24$393$878$215,395
October '24$395$876$215,001
November '24$396$874$214,604
December '24$398$873$214,206
January '25$400$871$213,806
February '25$401$869$213,405
March '25$403$868$213,002
April '25$405$866$212,597
May '25$406$865$212,191
June '25$408$863$211,783
July '25$410$861$211,374
August '25$411$860$210,962
September '25$413$858$210,549
October '25$415$856$210,135
November '25$416$855$209,718
December '25$418$853$209,301
January '26$420$851$208,881
February '26$421$849$208,459
March '26$423$848$208,036
April '26$425$846$207,612
May '26$427$844$207,185
June '26$428$843$206,757
July '26$430$841$206,327
August '26$432$839$205,895
September '26$434$837$205,461
October '26$435$836$205,026
November '26$437$834$204,589
December '26$439$832$204,150
January '27$441$830$203,710
February '27$442$828$203,267
March '27$444$827$202,823
April '27$446$825$202,377
May '27$448$823$201,929
June '27$450$821$201,480
July '27$451$819$201,028
August '27$453$818$200,575
September '27$455$816$200,120
October '27$457$814$199,663
November '27$459$812$199,204
December '27$461$810$198,743
January '28$463$808$198,280
February '28$464$806$197,816
March '28$466$804$197,349
April '28$468$803$196,881
May '28$470$801$196,411
June '28$472$799$195,939
July '28$474$797$195,465
August '28$476$795$194,989
September '28$478$793$194,511
October '28$480$791$194,031
November '28$482$789$193,550
December '28$484$787$193,066
January '29$486$785$192,580
February '29$488$783$192,092
March '29$490$781$191,603
April '29$492$779$191,111
May '29$494$777$190,618
June '29$496$775$190,122
July '29$498$773$189,624
August '29$500$771$189,125
September '29$502$769$188,623
October '29$504$767$188,119
November '29$506$765$187,613
December '29$508$763$187,105
January '30$510$761$186,595
February '30$512$759$186,083
March '30$514$757$185,569
April '30$516$755$185,053
May '30$518$753$184,535
June '30$520$750$184,014
July '30$523$748$183,492
August '30$525$746$182,967
September '30$527$744$182,441
October '30$529$742$181,912
November '30$531$740$181,381
December '30$533$738$180,847
January '31$535$735$180,312
February '31$538$733$179,774
March '31$540$731$179,235
April '31$542$729$178,693
May '31$544$727$178,149
June '31$546$724$177,602
July '31$549$722$177,054
August '31$551$720$176,503
September '31$553$718$175,950
October '31$555$716$175,395
November '31$558$713$174,837
December '31$560$711$174,277
January '32$562$709$173,715
February '32$564$706$173,151
March '32$567$704$172,584
April '32$569$702$172,015
May '32$571$700$171,444
June '32$574$697$170,870
July '32$576$695$170,294
August '32$578$693$169,716
September '32$581$690$169,135
October '32$583$688$168,552
November '32$585$685$167,967
December '32$588$683$167,379
January '33$590$681$166,789
February '33$593$678$166,196
March '33$595$676$165,601
April '33$597$673$165,004
May '33$600$671$164,404
June '33$602$669$163,802
July '33$605$666$163,197
August '33$607$664$162,590
September '33$610$661$161,980
October '33$612$659$161,368
November '33$615$656$160,754
December '33$617$654$160,137
January '34$620$651$159,517
February '34$622$649$158,895
March '34$625$646$158,270
April '34$627$644$157,643
May '34$630$641$157,013
June '34$632$639$156,381
July '34$635$636$155,746
August '34$637$633$155,109
September '34$640$631$154,469
October '34$643$628$153,826
November '34$645$626$153,181
December '34$648$623$152,533
January '35$651$620$151,882
February '35$653$618$151,229
March '35$656$615$150,573
April '35$658$612$149,915
May '35$661$610$149,254
June '35$664$607$148,590
July '35$667$604$147,923
August '35$669$602$147,254
September '35$672$599$146,582
October '35$675$596$145,907
November '35$677$593$145,230
December '35$680$591$144,549
January '36$683$588$143,866
February '36$686$585$143,181
March '36$689$582$142,492
April '36$691$579$141,801
May '36$694$577$141,107
June '36$697$574$140,410
July '36$700$571$139,710
August '36$703$568$139,007
September '36$706$565$138,302
October '36$708$562$137,593
November '36$711$560$136,882
December '36$714$557$136,168
January '37$717$554$135,451
February '37$720$551$134,731
March '37$723$548$134,008
April '37$726$545$133,282
May '37$729$542$132,553
June '37$732$539$131,821
July '37$735$536$131,086
August '37$738$533$130,349
September '37$741$530$129,608
October '37$744$527$128,864
November '37$747$524$128,117
December '37$750$521$127,368
January '38$753$518$126,615
February '38$756$515$125,859
March '38$759$512$125,100
April '38$762$509$124,338
May '38$765$506$123,573
June '38$768$503$122,804
July '38$771$499$122,033
August '38$775$496$121,258
September '38$778$493$120,481
October '38$781$490$119,700
November '38$784$487$118,916
December '38$787$484$118,128
January '39$790$480$117,338
February '39$794$477$116,544
March '39$797$474$115,747
April '39$800$471$114,947
May '39$803$467$114,144
June '39$807$464$113,337
July '39$810$461$112,527
August '39$813$458$111,714
September '39$817$454$110,898
October '39$820$451$110,078
November '39$823$448$109,255
December '39$827$444$108,428
January '40$830$441$107,598
February '40$833$438$106,765
March '40$837$434$105,928
April '40$840$431$105,088
May '40$843$427$104,245
June '40$847$424$103,398
July '40$850$420$102,548
August '40$854$417$101,694
September '40$857$414$100,836
October '40$861$410$99,976
November '40$864$407$99,111
December '40$868$403$98,244
January '41$871$400$97,372
February '41$875$396$96,497
March '41$878$392$95,619
April '41$882$389$94,737
May '41$886$385$93,852
June '41$889$382$92,962
July '41$893$378$92,070
August '41$896$374$91,173
September '41$900$371$90,273
October '41$904$367$89,369
November '41$907$363$88,462
December '41$911$360$87,551
January '42$915$356$86,636
February '42$919$352$85,718
March '42$922$349$84,795
April '42$926$345$83,869
May '42$930$341$82,940
June '42$934$337$82,006
July '42$937$333$81,069
August '42$941$330$80,128
September '42$945$326$79,183
October '42$949$322$78,234
November '42$953$318$77,281
December '42$957$314$76,325
January '43$960$310$75,364
February '43$964$306$74,400
March '43$968$303$73,432
April '43$972$299$72,459
May '43$976$295$71,483
June '43$980$291$70,503
July '43$984$287$69,519
August '43$988$283$68,531
September '43$992$279$67,539
October '43$996$275$66,542
November '43$1,000$271$65,542
December '43$1,004$267$64,538
January '44$1,008$262$63,530
February '44$1,012$258$62,517
March '44$1,017$254$61,501
April '44$1,021$250$60,480
May '44$1,025$246$59,455
June '44$1,029$242$58,426
July '44$1,033$238$57,393
August '44$1,037$233$56,355
September '44$1,042$229$55,314
October '44$1,046$225$54,268
November '44$1,050$221$53,218
December '44$1,054$216$52,163
January '45$1,059$212$51,104
February '45$1,063$208$50,041
March '45$1,067$204$48,974
April '45$1,072$199$47,902
May '45$1,076$195$46,826
June '45$1,080$190$45,746
July '45$1,085$186$44,661
August '45$1,089$182$43,572
September '45$1,094$177$42,478
October '45$1,098$173$41,380
November '45$1,103$168$40,278
December '45$1,107$164$39,171
January '46$1,112$159$38,059
February '46$1,116$155$36,943
March '46$1,121$150$35,823
April '46$1,125$146$34,697
May '46$1,130$141$33,568
June '46$1,134$137$32,433
July '46$1,139$132$31,294
August '46$1,144$127$30,151
September '46$1,148$123$29,003
October '46$1,153$118$27,850
November '46$1,158$113$26,692
December '46$1,162$109$25,530
January '47$1,167$104$24,363
February '47$1,172$99$23,191
March '47$1,177$94$22,015
April '47$1,181$90$20,833
May '47$1,186$85$19,647
June '47$1,191$80$18,456
July '47$1,196$75$17,261
August '47$1,201$70$16,060
September '47$1,206$65$14,854
October '47$1,210$60$13,644
November '47$1,215$55$12,429
December '47$1,220$51$11,208
January '48$1,225$46$9,983
February '48$1,230$41$8,753
March '48$1,235$36$7,518
April '48$1,240$31$6,277
May '48$1,245$26$5,032
June '48$1,250$20$3,782
July '48$1,255$15$2,526
August '48$1,261$10$1,266
September '48$1,266$5$0
Monthly payment
Principal & interest

$1,271

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$1,704$2,256$1,704
Mortgage Rate4.88%4.39%*4.88%*
Total interest paid
$217,498
$88,054
$217,498
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,704$2,256$1,704
Mortgage Rate4.88%4.39%*4.88%*
Total interest paid
$217,498
$88,054
$217,498
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Principal & interest

$1,271

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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.