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
$1,693
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
April '18$0$0$240,000
May '18$299$960$239,701
June '18$300$959$239,400
July '18$302$958$239,099
August '18$303$956$238,796
September '18$304$955$238,492
October '18$305$954$238,187
November '18$306$953$237,880
December '18$308$952$237,573
January '19$309$950$237,264
February '19$310$949$236,954
March '19$311$948$236,642
April '19$313$947$236,330
May '19$314$945$236,016
June '19$315$944$235,701
July '19$316$943$235,384
August '19$318$942$235,067
September '19$319$940$234,748
October '19$320$939$234,427
November '19$321$938$234,106
December '19$323$936$233,783
January '20$324$935$233,459
February '20$325$934$233,134
March '20$327$933$232,807
April '20$328$931$232,479
May '20$329$930$232,150
June '20$331$929$231,819
July '20$332$927$231,487
August '20$333$926$231,154
September '20$335$925$230,819
October '20$336$923$230,484
November '20$337$922$230,146
December '20$339$921$229,808
January '21$340$919$229,468
February '21$341$918$229,126
March '21$343$917$228,784
April '21$344$915$228,440
May '21$345$914$228,094
June '21$347$912$227,747
July '21$348$911$227,399
August '21$350$910$227,050
September '21$351$908$226,699
October '21$352$907$226,346
November '21$354$905$225,992
December '21$355$904$225,637
January '22$357$903$225,280
February '22$358$901$224,922
March '22$360$900$224,563
April '22$361$898$224,202
May '22$362$897$223,840
June '22$364$895$223,476
July '22$365$894$223,110
August '22$367$892$222,744
September '22$368$891$222,375
October '22$370$890$222,006
November '22$371$888$221,635
December '22$373$887$221,262
January '23$374$885$220,888
February '23$376$884$220,512
March '23$377$882$220,135
April '23$379$881$219,756
May '23$380$879$219,376
June '23$382$878$218,994
July '23$383$876$218,611
August '23$385$874$218,226
September '23$386$873$217,840
October '23$388$871$217,452
November '23$389$870$217,063
December '23$391$868$216,672
January '24$393$867$216,279
February '24$394$865$215,885
March '24$396$864$215,490
April '24$397$862$215,093
May '24$399$860$214,694
June '24$400$859$214,293
July '24$402$857$213,891
August '24$404$856$213,488
September '24$405$854$213,082
October '24$407$852$212,675
November '24$408$851$212,267
December '24$410$849$211,857
January '25$412$847$211,445
February '25$413$846$211,032
March '25$415$844$210,617
April '25$417$842$210,200
May '25$418$841$209,781
June '25$420$839$209,361
July '25$422$837$208,940
August '25$423$836$208,516
September '25$425$834$208,091
October '25$427$832$207,664
November '25$429$831$207,236
December '25$430$829$206,805
January '26$432$827$206,373
February '26$434$825$205,940
March '26$435$824$205,504
April '26$437$822$205,067
May '26$439$820$204,628
June '26$441$819$204,188
July '26$442$817$203,745
August '26$444$815$203,301
September '26$446$813$202,855
October '26$448$811$202,407
November '26$450$810$201,958
December '26$451$808$201,506
January '27$453$806$201,053
February '27$455$804$200,598
March '27$457$802$200,141
April '27$459$801$199,683
May '27$460$799$199,222
June '27$462$797$198,760
July '27$464$795$198,296
August '27$466$793$197,830
September '27$468$791$197,362
October '27$470$789$196,892
November '27$472$788$196,420
December '27$474$786$195,947
January '28$475$784$195,471
February '28$477$782$194,994
March '28$479$780$194,515
April '28$481$778$194,034
May '28$483$776$193,551
June '28$485$774$193,066
July '28$487$772$192,579
August '28$489$770$192,090
September '28$491$768$191,599
October '28$493$766$191,106
November '28$495$764$190,612
December '28$497$762$190,115
January '29$499$760$189,616
February '29$501$758$189,115
March '29$503$756$188,613
April '29$505$754$188,108
May '29$507$752$187,601
June '29$509$750$187,092
July '29$511$748$186,581
August '29$513$746$186,069
September '29$515$744$185,554
October '29$517$742$185,037
November '29$519$740$184,518
December '29$521$738$183,996
January '30$523$736$183,473
February '30$525$734$182,948
March '30$527$732$182,421
April '30$530$730$181,891
May '30$532$728$181,359
June '30$534$725$180,826
July '30$536$723$180,290
August '30$538$721$179,752
September '30$540$719$179,212
October '30$542$717$178,669
November '30$545$715$178,125
December '30$547$712$177,578
January '31$549$710$177,029
February '31$551$708$176,478
March '31$553$706$175,925
April '31$555$704$175,369
May '31$558$701$174,811
June '31$560$699$174,252
July '31$562$697$173,689
August '31$564$695$173,125
September '31$567$692$172,558
October '31$569$690$171,989
November '31$571$688$171,418
December '31$574$686$170,844
January '32$576$683$170,269
February '32$578$681$169,691
March '32$580$679$169,110
April '32$583$676$168,527
May '32$585$674$167,942
June '32$587$672$167,355
July '32$590$669$166,765
August '32$592$667$166,173
September '32$595$665$165,578
October '32$597$662$164,982
November '32$599$660$164,382
December '32$602$658$163,781
January '33$604$655$163,177
February '33$606$653$162,570
March '33$609$650$161,961
April '33$611$648$161,350
May '33$614$645$160,736
June '33$616$643$160,120
July '33$619$640$159,501
August '33$621$638$158,880
September '33$624$636$158,256
October '33$626$633$157,630
November '33$629$631$157,001
December '33$631$628$156,370
January '34$634$625$155,736
February '34$636$623$155,100
March '34$639$620$154,461
April '34$641$618$153,820
May '34$644$615$153,176
June '34$646$613$152,530
July '34$649$610$151,880
August '34$652$608$151,229
September '34$654$605$150,575
October '34$657$602$149,918
November '34$660$600$149,258
December '34$662$597$148,596
January '35$665$594$147,931
February '35$667$592$147,264
March '35$670$589$146,594
April '35$673$586$145,921
May '35$676$584$145,245
June '35$678$581$144,567
July '35$681$578$143,886
August '35$684$576$143,202
September '35$686$573$142,516
October '35$689$570$141,827
November '35$692$567$141,135
December '35$695$565$140,440
January '36$697$562$139,743
February '36$700$559$139,043
March '36$703$556$138,340
April '36$706$553$137,634
May '36$709$551$136,925
June '36$711$548$136,214
July '36$714$545$135,499
August '36$717$542$134,782
September '36$720$539$134,062
October '36$723$536$133,339
November '36$726$533$132,613
December '36$729$530$131,884
January '37$732$528$131,153
February '37$735$525$130,418
March '37$738$522$129,681
April '37$740$519$128,940
May '37$743$516$128,197
June '37$746$513$127,450
July '37$749$510$126,701
August '37$752$507$125,949
September '37$755$504$125,193
October '37$758$501$124,435
November '37$761$498$123,673
December '37$765$495$122,909
January '38$768$492$122,141
February '38$771$489$121,371
March '38$774$485$120,597
April '38$777$482$119,820
May '38$780$479$119,040
June '38$783$476$118,257
July '38$786$473$117,471
August '38$789$470$116,682
September '38$792$467$115,889
October '38$796$464$115,094
November '38$799$460$114,295
December '38$802$457$113,493
January '39$805$454$112,687
February '39$808$451$111,879
March '39$812$448$111,067
April '39$815$444$110,252
May '39$818$441$109,434
June '39$821$438$108,613
July '39$825$434$107,788
August '39$828$431$106,960
September '39$831$428$106,129
October '39$835$425$105,294
November '39$838$421$104,456
December '39$841$418$103,615
January '40$845$414$102,770
February '40$848$411$101,922
March '40$852$408$101,070
April '40$855$404$100,215
May '40$858$401$99,357
June '40$862$397$98,495
July '40$865$394$97,630
August '40$869$391$96,761
September '40$872$387$95,889
October '40$876$384$95,013
November '40$879$380$94,134
December '40$883$377$93,252
January '41$886$373$92,365
February '41$890$369$91,476
March '41$893$366$90,582
April '41$897$362$89,686
May '41$900$359$88,785
June '41$904$355$87,881
July '41$908$352$86,973
August '41$911$348$86,062
September '41$915$344$85,147
October '41$919$341$84,229
November '41$922$337$83,306
December '41$926$333$82,380
January '42$930$330$81,451
February '42$933$326$80,517
March '42$937$322$79,580
April '42$941$318$78,639
May '42$945$315$77,695
June '42$948$311$76,746
July '42$952$307$75,794
August '42$956$303$74,838
September '42$960$299$73,878
October '42$964$296$72,914
November '42$968$292$71,947
December '42$971$288$70,975
January '43$975$284$70,000
February '43$979$280$69,021
March '43$983$276$68,038
April '43$987$272$67,051
May '43$991$268$66,060
June '43$995$264$65,065
July '43$999$260$64,066
August '43$1,003$256$63,063
September '43$1,007$252$62,056
October '43$1,011$248$61,045
November '43$1,015$244$60,030
December '43$1,019$240$59,011
January '44$1,023$236$57,988
February '44$1,027$232$56,961
March '44$1,031$228$55,929
April '44$1,035$224$54,894
May '44$1,040$220$53,854
June '44$1,044$215$52,810
July '44$1,048$211$51,762
August '44$1,052$207$50,710
September '44$1,056$203$49,654
October '44$1,061$199$48,593
November '44$1,065$194$47,528
December '44$1,069$190$46,459
January '45$1,073$186$45,386
February '45$1,078$182$44,308
March '45$1,082$177$43,226
April '45$1,086$173$42,140
May '45$1,091$169$41,049
June '45$1,095$164$39,954
July '45$1,099$160$38,855
August '45$1,104$155$37,751
September '45$1,108$151$36,643
October '45$1,113$147$35,531
November '45$1,117$142$34,413
December '45$1,122$138$33,292
January '46$1,126$133$32,166
February '46$1,131$129$31,035
March '46$1,135$124$29,900
April '46$1,140$120$28,761
May '46$1,144$115$27,617
June '46$1,149$110$26,468
July '46$1,153$106$25,314
August '46$1,158$101$24,157
September '46$1,163$97$22,994
October '46$1,167$92$21,827
November '46$1,172$87$20,655
December '46$1,177$83$19,478
January '47$1,181$78$18,297
February '47$1,186$73$17,111
March '47$1,191$68$15,920
April '47$1,196$64$14,725
May '47$1,200$59$13,524
June '47$1,205$54$12,319
July '47$1,210$49$11,109
August '47$1,215$44$9,895
September '47$1,220$40$8,675
October '47$1,224$35$7,451
November '47$1,229$30$6,221
December '47$1,234$25$4,987
January '48$1,239$20$3,748
February '48$1,244$15$2,503
March '48$1,249$10$1,254
April '48$1,254$5$0
Monthly payment
Principal & interest

$1,259

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$1,693$2,249$1,693
Mortgage Rate4.8%4.33%*4.8%*
Total interest paid
$213,311
$86,736
$213,311
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,693$2,249$1,693
Mortgage Rate4.8%4.33%*4.8%*
Total interest paid
$213,311
$86,736
$213,311
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Principal & interest

$1,259

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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.