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
October '19$0$0$240,000
November '19$338$825$239,662
December '19$339$824$239,323
January '20$340$823$238,982
February '20$342$822$238,640
March '20$343$820$238,298
April '20$344$819$237,954
May '20$345$818$237,608
June '20$346$817$237,262
July '20$348$816$236,914
August '20$349$814$236,566
September '20$350$813$236,216
October '20$351$812$235,864
November '20$352$811$235,512
December '20$354$810$235,159
January '21$355$808$234,804
February '21$356$807$234,448
March '21$357$806$234,090
April '21$358$805$233,732
May '21$360$803$233,372
June '21$361$802$233,011
July '21$362$801$232,649
August '21$363$800$232,286
September '21$365$798$231,921
October '21$366$797$231,555
November '21$367$796$231,188
December '21$368$795$230,819
January '22$370$793$230,450
February '22$371$792$230,079
March '22$372$791$229,707
April '22$374$790$229,333
May '22$375$788$228,958
June '22$376$787$228,582
July '22$377$786$228,205
August '22$379$784$227,826
September '22$380$783$227,446
October '22$381$782$227,065
November '22$383$781$226,682
December '22$384$779$226,298
January '23$385$778$225,913
February '23$387$777$225,526
March '23$388$775$225,138
April '23$389$774$224,749
May '23$391$773$224,358
June '23$392$771$223,966
July '23$393$770$223,573
August '23$395$769$223,179
September '23$396$767$222,783
October '23$397$766$222,385
November '23$399$764$221,987
December '23$400$763$221,586
January '24$401$762$221,185
February '24$403$760$220,782
March '24$404$759$220,378
April '24$406$758$219,972
May '24$407$756$219,565
June '24$408$755$219,157
July '24$410$753$218,747
August '24$411$752$218,336
September '24$413$751$217,923
October '24$414$749$217,509
November '24$415$748$217,094
December '24$417$746$216,677
January '25$418$745$216,259
February '25$420$743$215,839
March '25$421$742$215,418
April '25$423$740$214,995
May '25$424$739$214,571
June '25$426$738$214,145
July '25$427$736$213,718
August '25$429$735$213,290
September '25$430$733$212,860
October '25$431$732$212,428
November '25$433$730$211,995
December '25$434$729$211,561
January '26$436$727$211,125
February '26$437$726$210,688
March '26$439$724$210,249
April '26$440$723$209,808
May '26$442$721$209,366
June '26$443$720$208,923
July '26$445$718$208,478
August '26$447$717$208,031
September '26$448$715$207,583
October '26$450$714$207,134
November '26$451$712$206,683
December '26$453$710$206,230
January '27$454$709$205,776
February '27$456$707$205,320
March '27$457$706$204,862
April '27$459$704$204,403
May '27$461$703$203,943
June '27$462$701$203,481
July '27$464$699$203,017
August '27$465$698$202,552
September '27$467$696$202,085
October '27$468$695$201,616
November '27$470$693$201,146
December '27$472$691$200,675
January '28$473$690$200,201
February '28$475$688$199,726
March '28$477$687$199,250
April '28$478$685$198,771
May '28$480$683$198,292
June '28$482$682$197,810
July '28$483$680$197,327
August '28$485$678$196,842
September '28$487$677$196,356
October '28$488$675$195,867
November '28$490$673$195,377
December '28$492$672$194,886
January '29$493$670$194,393
February '29$495$668$193,898
March '29$497$667$193,401
April '29$498$665$192,903
May '29$500$663$192,403
June '29$502$661$191,901
July '29$503$660$191,397
August '29$505$658$190,892
September '29$507$656$190,385
October '29$509$654$189,877
November '29$510$653$189,366
December '29$512$651$188,854
January '30$514$649$188,340
February '30$516$647$187,824
March '30$518$646$187,307
April '30$519$644$186,787
May '30$521$642$186,266
June '30$523$640$185,743
July '30$525$638$185,219
August '30$526$637$184,692
September '30$528$635$184,164
October '30$530$633$183,634
November '30$532$631$183,102
December '30$534$629$182,568
January '31$536$628$182,033
February '31$537$626$181,495
March '31$539$624$180,956
April '31$541$622$180,415
May '31$543$620$179,872
June '31$545$618$179,327
July '31$547$616$178,780
August '31$549$615$178,232
September '31$550$613$177,681
October '31$552$611$177,129
November '31$554$609$176,575
December '31$556$607$176,018
January '32$558$605$175,460
February '32$560$603$174,900
March '32$562$601$174,338
April '32$564$599$173,774
May '32$566$597$173,209
June '32$568$595$172,641
July '32$570$593$172,071
August '32$572$591$171,499
September '32$574$590$170,926
October '32$576$588$170,350
November '32$578$586$169,773
December '32$580$584$169,193
January '33$582$582$168,612
February '33$584$580$168,028
March '33$586$578$167,442
April '33$588$576$166,855
May '33$590$574$166,265
June '33$592$572$165,674
July '33$594$570$165,080
August '33$596$567$164,484
September '33$598$565$163,887
October '33$600$563$163,287
November '33$602$561$162,685
December '33$604$559$162,081
January '34$606$557$161,475
February '34$608$555$160,867
March '34$610$553$160,257
April '34$612$551$159,644
May '34$614$549$159,030
June '34$616$547$158,414
July '34$619$545$157,795
August '34$621$542$157,174
September '34$623$540$156,551
October '34$625$538$155,926
November '34$627$536$155,299
December '34$629$534$154,670
January '35$631$532$154,038
February '35$634$530$153,405
March '35$636$527$152,769
April '35$638$525$152,131
May '35$640$523$151,491
June '35$642$521$150,848
July '35$645$519$150,204
August '35$647$516$149,557
September '35$649$514$148,908
October '35$651$512$148,256
November '35$654$510$147,603
December '35$656$507$146,947
January '36$658$505$146,289
February '36$660$503$145,629
March '36$663$501$144,966
April '36$665$498$144,301
May '36$667$496$143,634
June '36$669$494$142,965
July '36$672$491$142,293
August '36$674$489$141,619
September '36$676$487$140,943
October '36$679$484$140,264
November '36$681$482$139,583
December '36$683$480$138,900
January '37$686$477$138,214
February '37$688$475$137,526
March '37$690$473$136,836
April '37$693$470$136,143
May '37$695$468$135,448
June '37$698$466$134,750
July '37$700$463$134,050
August '37$702$461$133,348
September '37$705$458$132,643
October '37$707$456$131,936
November '37$710$454$131,226
December '37$712$451$130,514
January '38$715$449$129,800
February '38$717$446$129,083
March '38$719$444$128,363
April '38$722$441$127,641
May '38$724$439$126,917
June '38$727$436$126,190
July '38$729$434$125,461
August '38$732$431$124,729
September '38$734$429$123,994
October '38$737$426$123,257
November '38$739$424$122,518
December '38$742$421$121,776
January '39$745$419$121,031
February '39$747$416$120,284
March '39$750$413$119,535
April '39$752$411$118,782
May '39$755$408$118,027
June '39$757$406$117,270
July '39$760$403$116,510
August '39$763$401$115,747
September '39$765$398$114,982
October '39$768$395$114,214
November '39$771$393$113,444
December '39$773$390$112,670
January '40$776$387$111,894
February '40$779$385$111,116
March '40$781$382$110,335
April '40$784$379$109,551
May '40$787$377$108,764
June '40$789$374$107,975
July '40$792$371$107,183
August '40$795$368$106,388
September '40$797$366$105,591
October '40$800$363$104,791
November '40$803$360$103,988
December '40$806$357$103,182
January '41$808$355$102,374
February '41$811$352$101,562
March '41$814$349$100,748
April '41$817$346$99,931
May '41$820$344$99,112
June '41$822$341$98,289
July '41$825$338$97,464
August '41$828$335$96,636
September '41$831$332$95,805
October '41$834$329$94,971
November '41$837$326$94,134
December '41$840$324$93,295
January '42$842$321$92,452
February '42$845$318$91,607
March '42$848$315$90,759
April '42$851$312$89,908
May '42$854$309$89,053
June '42$857$306$88,196
July '42$860$303$87,336
August '42$863$300$86,474
September '42$866$297$85,608
October '42$869$294$84,739
November '42$872$291$83,867
December '42$875$288$82,992
January '43$878$285$82,114
February '43$881$282$81,233
March '43$884$279$80,349
April '43$887$276$79,462
May '43$890$273$78,572
June '43$893$270$77,679
July '43$896$267$76,783
August '43$899$264$75,884
September '43$902$261$74,982
October '43$905$258$74,076
November '43$909$255$73,168
December '43$912$252$72,256
January '44$915$248$71,341
February '44$918$245$70,423
March '44$921$242$69,502
April '44$924$239$68,578
May '44$927$236$67,651
June '44$931$233$66,720
July '44$934$229$65,786
August '44$937$226$64,849
September '44$940$223$63,909
October '44$943$220$62,965
November '44$947$216$62,019
December '44$950$213$61,069
January '45$953$210$60,116
February '45$957$207$59,159
March '45$960$203$58,199
April '45$963$200$57,236
May '45$966$197$56,270
June '45$970$193$55,300
July '45$973$190$54,327
August '45$976$187$53,350
September '45$980$183$52,371
October '45$983$180$51,388
November '45$987$177$50,401
December '45$990$173$49,411
January '46$993$170$48,418
February '46$997$166$47,421
March '46$1,000$163$46,421
April '46$1,004$160$45,417
May '46$1,007$156$44,410
June '46$1,010$153$43,400
July '46$1,014$149$42,386
August '46$1,017$146$41,368
September '46$1,021$142$40,347
October '46$1,024$139$39,323
November '46$1,028$135$38,295
December '46$1,032$132$37,263
January '47$1,035$128$36,228
February '47$1,039$125$35,190
March '47$1,042$121$34,148
April '47$1,046$117$33,102
May '47$1,049$114$32,052
June '47$1,053$110$30,999
July '47$1,057$107$29,943
August '47$1,060$103$28,883
September '47$1,064$99$27,819
October '47$1,068$96$26,751
November '47$1,071$92$25,680
December '47$1,075$88$24,605
January '48$1,079$85$23,527
February '48$1,082$81$22,444
March '48$1,086$77$21,358
April '48$1,090$73$20,269
May '48$1,093$70$19,175
June '48$1,097$66$18,078
July '48$1,101$62$16,977
August '48$1,105$58$15,872
September '48$1,109$55$14,763
October '48$1,112$51$13,651
November '48$1,116$47$12,535
December '48$1,120$43$11,415
January '49$1,124$39$10,291
February '49$1,128$35$9,163
March '49$1,132$31$8,031
April '49$1,136$28$6,896
May '49$1,139$24$5,756
June '49$1,143$20$4,613
July '49$1,147$16$3,466
August '49$1,151$12$2,314
September '49$1,155$8$1,159
October '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$2,174$1,597
Mortgage Rate4.125%3.69%*4.11%*
Total interest paid
$178,737
$72,876
$177,985
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,174$1,597
Mortgage Rate4.125%3.69%*4.11%*
Total interest paid
$178,737
$72,876
$177,985
Refine Results
Refine your results
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