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
September '19$0$0$240,000
October '19$338$825$239,662
November '19$339$824$239,323
December '19$340$823$238,982
January '20$342$822$238,640
February '20$343$820$238,298
March '20$344$819$237,954
April '20$345$818$237,608
May '20$346$817$237,262
June '20$348$816$236,914
July '20$349$814$236,566
August '20$350$813$236,216
September '20$351$812$235,864
October '20$352$811$235,512
November '20$354$810$235,159
December '20$355$808$234,804
January '21$356$807$234,448
February '21$357$806$234,090
March '21$358$805$233,732
April '21$360$803$233,372
May '21$361$802$233,011
June '21$362$801$232,649
July '21$363$800$232,286
August '21$365$798$231,921
September '21$366$797$231,555
October '21$367$796$231,188
November '21$368$795$230,819
December '21$370$793$230,450
January '22$371$792$230,079
February '22$372$791$229,707
March '22$374$790$229,333
April '22$375$788$228,958
May '22$376$787$228,582
June '22$377$786$228,205
July '22$379$784$227,826
August '22$380$783$227,446
September '22$381$782$227,065
October '22$383$781$226,682
November '22$384$779$226,298
December '22$385$778$225,913
January '23$387$777$225,526
February '23$388$775$225,138
March '23$389$774$224,749
April '23$391$773$224,358
May '23$392$771$223,966
June '23$393$770$223,573
July '23$395$769$223,179
August '23$396$767$222,783
September '23$397$766$222,385
October '23$399$764$221,987
November '23$400$763$221,586
December '23$401$762$221,185
January '24$403$760$220,782
February '24$404$759$220,378
March '24$406$758$219,972
April '24$407$756$219,565
May '24$408$755$219,157
June '24$410$753$218,747
July '24$411$752$218,336
August '24$413$751$217,923
September '24$414$749$217,509
October '24$415$748$217,094
November '24$417$746$216,677
December '24$418$745$216,259
January '25$420$743$215,839
February '25$421$742$215,418
March '25$423$740$214,995
April '25$424$739$214,571
May '25$426$738$214,145
June '25$427$736$213,718
July '25$429$735$213,290
August '25$430$733$212,860
September '25$431$732$212,428
October '25$433$730$211,995
November '25$434$729$211,561
December '25$436$727$211,125
January '26$437$726$210,688
February '26$439$724$210,249
March '26$440$723$209,808
April '26$442$721$209,366
May '26$443$720$208,923
June '26$445$718$208,478
July '26$447$717$208,031
August '26$448$715$207,583
September '26$450$714$207,134
October '26$451$712$206,683
November '26$453$710$206,230
December '26$454$709$205,776
January '27$456$707$205,320
February '27$457$706$204,862
March '27$459$704$204,403
April '27$461$703$203,943
May '27$462$701$203,481
June '27$464$699$203,017
July '27$465$698$202,552
August '27$467$696$202,085
September '27$468$695$201,616
October '27$470$693$201,146
November '27$472$691$200,675
December '27$473$690$200,201
January '28$475$688$199,726
February '28$477$687$199,250
March '28$478$685$198,771
April '28$480$683$198,292
May '28$482$682$197,810
June '28$483$680$197,327
July '28$485$678$196,842
August '28$487$677$196,356
September '28$488$675$195,867
October '28$490$673$195,377
November '28$492$672$194,886
December '28$493$670$194,393
January '29$495$668$193,898
February '29$497$667$193,401
March '29$498$665$192,903
April '29$500$663$192,403
May '29$502$661$191,901
June '29$503$660$191,397
July '29$505$658$190,892
August '29$507$656$190,385
September '29$509$654$189,877
October '29$510$653$189,366
November '29$512$651$188,854
December '29$514$649$188,340
January '30$516$647$187,824
February '30$518$646$187,307
March '30$519$644$186,787
April '30$521$642$186,266
May '30$523$640$185,743
June '30$525$638$185,219
July '30$526$637$184,692
August '30$528$635$184,164
September '30$530$633$183,634
October '30$532$631$183,102
November '30$534$629$182,568
December '30$536$628$182,033
January '31$537$626$181,495
February '31$539$624$180,956
March '31$541$622$180,415
April '31$543$620$179,872
May '31$545$618$179,327
June '31$547$616$178,780
July '31$549$615$178,232
August '31$550$613$177,681
September '31$552$611$177,129
October '31$554$609$176,575
November '31$556$607$176,018
December '31$558$605$175,460
January '32$560$603$174,900
February '32$562$601$174,338
March '32$564$599$173,774
April '32$566$597$173,209
May '32$568$595$172,641
June '32$570$593$172,071
July '32$572$591$171,499
August '32$574$590$170,926
September '32$576$588$170,350
October '32$578$586$169,773
November '32$580$584$169,193
December '32$582$582$168,612
January '33$584$580$168,028
February '33$586$578$167,442
March '33$588$576$166,855
April '33$590$574$166,265
May '33$592$572$165,674
June '33$594$570$165,080
July '33$596$567$164,484
August '33$598$565$163,887
September '33$600$563$163,287
October '33$602$561$162,685
November '33$604$559$162,081
December '33$606$557$161,475
January '34$608$555$160,867
February '34$610$553$160,257
March '34$612$551$159,644
April '34$614$549$159,030
May '34$616$547$158,414
June '34$619$545$157,795
July '34$621$542$157,174
August '34$623$540$156,551
September '34$625$538$155,926
October '34$627$536$155,299
November '34$629$534$154,670
December '34$631$532$154,038
January '35$634$530$153,405
February '35$636$527$152,769
March '35$638$525$152,131
April '35$640$523$151,491
May '35$642$521$150,848
June '35$645$519$150,204
July '35$647$516$149,557
August '35$649$514$148,908
September '35$651$512$148,256
October '35$654$510$147,603
November '35$656$507$146,947
December '35$658$505$146,289
January '36$660$503$145,629
February '36$663$501$144,966
March '36$665$498$144,301
April '36$667$496$143,634
May '36$669$494$142,965
June '36$672$491$142,293
July '36$674$489$141,619
August '36$676$487$140,943
September '36$679$484$140,264
October '36$681$482$139,583
November '36$683$480$138,900
December '36$686$477$138,214
January '37$688$475$137,526
February '37$690$473$136,836
March '37$693$470$136,143
April '37$695$468$135,448
May '37$698$466$134,750
June '37$700$463$134,050
July '37$702$461$133,348
August '37$705$458$132,643
September '37$707$456$131,936
October '37$710$454$131,226
November '37$712$451$130,514
December '37$715$449$129,800
January '38$717$446$129,083
February '38$719$444$128,363
March '38$722$441$127,641
April '38$724$439$126,917
May '38$727$436$126,190
June '38$729$434$125,461
July '38$732$431$124,729
August '38$734$429$123,994
September '38$737$426$123,257
October '38$739$424$122,518
November '38$742$421$121,776
December '38$745$419$121,031
January '39$747$416$120,284
February '39$750$413$119,535
March '39$752$411$118,782
April '39$755$408$118,027
May '39$757$406$117,270
June '39$760$403$116,510
July '39$763$401$115,747
August '39$765$398$114,982
September '39$768$395$114,214
October '39$771$393$113,444
November '39$773$390$112,670
December '39$776$387$111,894
January '40$779$385$111,116
February '40$781$382$110,335
March '40$784$379$109,551
April '40$787$377$108,764
May '40$789$374$107,975
June '40$792$371$107,183
July '40$795$368$106,388
August '40$797$366$105,591
September '40$800$363$104,791
October '40$803$360$103,988
November '40$806$357$103,182
December '40$808$355$102,374
January '41$811$352$101,562
February '41$814$349$100,748
March '41$817$346$99,931
April '41$820$344$99,112
May '41$822$341$98,289
June '41$825$338$97,464
July '41$828$335$96,636
August '41$831$332$95,805
September '41$834$329$94,971
October '41$837$326$94,134
November '41$840$324$93,295
December '41$842$321$92,452
January '42$845$318$91,607
February '42$848$315$90,759
March '42$851$312$89,908
April '42$854$309$89,053
May '42$857$306$88,196
June '42$860$303$87,336
July '42$863$300$86,474
August '42$866$297$85,608
September '42$869$294$84,739
October '42$872$291$83,867
November '42$875$288$82,992
December '42$878$285$82,114
January '43$881$282$81,233
February '43$884$279$80,349
March '43$887$276$79,462
April '43$890$273$78,572
May '43$893$270$77,679
June '43$896$267$76,783
July '43$899$264$75,884
August '43$902$261$74,982
September '43$905$258$74,076
October '43$909$255$73,168
November '43$912$252$72,256
December '43$915$248$71,341
January '44$918$245$70,423
February '44$921$242$69,502
March '44$924$239$68,578
April '44$927$236$67,651
May '44$931$233$66,720
June '44$934$229$65,786
July '44$937$226$64,849
August '44$940$223$63,909
September '44$943$220$62,965
October '44$947$216$62,019
November '44$950$213$61,069
December '44$953$210$60,116
January '45$957$207$59,159
February '45$960$203$58,199
March '45$963$200$57,236
April '45$966$197$56,270
May '45$970$193$55,300
June '45$973$190$54,327
July '45$976$187$53,350
August '45$980$183$52,371
September '45$983$180$51,388
October '45$987$177$50,401
November '45$990$173$49,411
December '45$993$170$48,418
January '46$997$166$47,421
February '46$1,000$163$46,421
March '46$1,004$160$45,417
April '46$1,007$156$44,410
May '46$1,010$153$43,400
June '46$1,014$149$42,386
July '46$1,017$146$41,368
August '46$1,021$142$40,347
September '46$1,024$139$39,323
October '46$1,028$135$38,295
November '46$1,032$132$37,263
December '46$1,035$128$36,228
January '47$1,039$125$35,190
February '47$1,042$121$34,148
March '47$1,046$117$33,102
April '47$1,049$114$32,052
May '47$1,053$110$30,999
June '47$1,057$107$29,943
July '47$1,060$103$28,883
August '47$1,064$99$27,819
September '47$1,068$96$26,751
October '47$1,071$92$25,680
November '47$1,075$88$24,605
December '47$1,079$85$23,527
January '48$1,082$81$22,444
February '48$1,086$77$21,358
March '48$1,090$73$20,269
April '48$1,093$70$19,175
May '48$1,097$66$18,078
June '48$1,101$62$16,977
July '48$1,105$58$15,872
August '48$1,109$55$14,763
September '48$1,112$51$13,651
October '48$1,116$47$12,535
November '48$1,120$43$11,415
December '48$1,124$39$10,291
January '49$1,128$35$9,163
February '49$1,132$31$8,031
March '49$1,136$28$6,896
April '49$1,139$24$5,756
May '49$1,143$20$4,613
June '49$1,147$16$3,466
July '49$1,151$12$2,314
August '49$1,155$8$1,159
September '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$2,167$1,594
Mortgage Rate4.125%3.63%*4.09%*
Total interest paid
$178,737
$71,595
$176,982
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,167$1,594
Mortgage Rate4.125%3.63%*4.09%*
Total interest paid
$178,737
$71,595
$176,982
Refine Results
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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