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
August '19$0$0$240,000
September '19$338$825$239,662
October '19$339$824$239,323
November '19$340$823$238,982
December '19$342$822$238,640
January '20$343$820$238,298
February '20$344$819$237,954
March '20$345$818$237,608
April '20$346$817$237,262
May '20$348$816$236,914
June '20$349$814$236,566
July '20$350$813$236,216
August '20$351$812$235,864
September '20$352$811$235,512
October '20$354$810$235,159
November '20$355$808$234,804
December '20$356$807$234,448
January '21$357$806$234,090
February '21$358$805$233,732
March '21$360$803$233,372
April '21$361$802$233,011
May '21$362$801$232,649
June '21$363$800$232,286
July '21$365$798$231,921
August '21$366$797$231,555
September '21$367$796$231,188
October '21$368$795$230,819
November '21$370$793$230,450
December '21$371$792$230,079
January '22$372$791$229,707
February '22$374$790$229,333
March '22$375$788$228,958
April '22$376$787$228,582
May '22$377$786$228,205
June '22$379$784$227,826
July '22$380$783$227,446
August '22$381$782$227,065
September '22$383$781$226,682
October '22$384$779$226,298
November '22$385$778$225,913
December '22$387$777$225,526
January '23$388$775$225,138
February '23$389$774$224,749
March '23$391$773$224,358
April '23$392$771$223,966
May '23$393$770$223,573
June '23$395$769$223,179
July '23$396$767$222,783
August '23$397$766$222,385
September '23$399$764$221,987
October '23$400$763$221,586
November '23$401$762$221,185
December '23$403$760$220,782
January '24$404$759$220,378
February '24$406$758$219,972
March '24$407$756$219,565
April '24$408$755$219,157
May '24$410$753$218,747
June '24$411$752$218,336
July '24$413$751$217,923
August '24$414$749$217,509
September '24$415$748$217,094
October '24$417$746$216,677
November '24$418$745$216,259
December '24$420$743$215,839
January '25$421$742$215,418
February '25$423$740$214,995
March '25$424$739$214,571
April '25$426$738$214,145
May '25$427$736$213,718
June '25$429$735$213,290
July '25$430$733$212,860
August '25$431$732$212,428
September '25$433$730$211,995
October '25$434$729$211,561
November '25$436$727$211,125
December '25$437$726$210,688
January '26$439$724$210,249
February '26$440$723$209,808
March '26$442$721$209,366
April '26$443$720$208,923
May '26$445$718$208,478
June '26$447$717$208,031
July '26$448$715$207,583
August '26$450$714$207,134
September '26$451$712$206,683
October '26$453$710$206,230
November '26$454$709$205,776
December '26$456$707$205,320
January '27$457$706$204,862
February '27$459$704$204,403
March '27$461$703$203,943
April '27$462$701$203,481
May '27$464$699$203,017
June '27$465$698$202,552
July '27$467$696$202,085
August '27$468$695$201,616
September '27$470$693$201,146
October '27$472$691$200,675
November '27$473$690$200,201
December '27$475$688$199,726
January '28$477$687$199,250
February '28$478$685$198,771
March '28$480$683$198,292
April '28$482$682$197,810
May '28$483$680$197,327
June '28$485$678$196,842
July '28$487$677$196,356
August '28$488$675$195,867
September '28$490$673$195,377
October '28$492$672$194,886
November '28$493$670$194,393
December '28$495$668$193,898
January '29$497$667$193,401
February '29$498$665$192,903
March '29$500$663$192,403
April '29$502$661$191,901
May '29$503$660$191,397
June '29$505$658$190,892
July '29$507$656$190,385
August '29$509$654$189,877
September '29$510$653$189,366
October '29$512$651$188,854
November '29$514$649$188,340
December '29$516$647$187,824
January '30$518$646$187,307
February '30$519$644$186,787
March '30$521$642$186,266
April '30$523$640$185,743
May '30$525$638$185,219
June '30$526$637$184,692
July '30$528$635$184,164
August '30$530$633$183,634
September '30$532$631$183,102
October '30$534$629$182,568
November '30$536$628$182,033
December '30$537$626$181,495
January '31$539$624$180,956
February '31$541$622$180,415
March '31$543$620$179,872
April '31$545$618$179,327
May '31$547$616$178,780
June '31$549$615$178,232
July '31$550$613$177,681
August '31$552$611$177,129
September '31$554$609$176,575
October '31$556$607$176,018
November '31$558$605$175,460
December '31$560$603$174,900
January '32$562$601$174,338
February '32$564$599$173,774
March '32$566$597$173,209
April '32$568$595$172,641
May '32$570$593$172,071
June '32$572$591$171,499
July '32$574$590$170,926
August '32$576$588$170,350
September '32$578$586$169,773
October '32$580$584$169,193
November '32$582$582$168,612
December '32$584$580$168,028
January '33$586$578$167,442
February '33$588$576$166,855
March '33$590$574$166,265
April '33$592$572$165,674
May '33$594$570$165,080
June '33$596$567$164,484
July '33$598$565$163,887
August '33$600$563$163,287
September '33$602$561$162,685
October '33$604$559$162,081
November '33$606$557$161,475
December '33$608$555$160,867
January '34$610$553$160,257
February '34$612$551$159,644
March '34$614$549$159,030
April '34$616$547$158,414
May '34$619$545$157,795
June '34$621$542$157,174
July '34$623$540$156,551
August '34$625$538$155,926
September '34$627$536$155,299
October '34$629$534$154,670
November '34$631$532$154,038
December '34$634$530$153,405
January '35$636$527$152,769
February '35$638$525$152,131
March '35$640$523$151,491
April '35$642$521$150,848
May '35$645$519$150,204
June '35$647$516$149,557
July '35$649$514$148,908
August '35$651$512$148,256
September '35$654$510$147,603
October '35$656$507$146,947
November '35$658$505$146,289
December '35$660$503$145,629
January '36$663$501$144,966
February '36$665$498$144,301
March '36$667$496$143,634
April '36$669$494$142,965
May '36$672$491$142,293
June '36$674$489$141,619
July '36$676$487$140,943
August '36$679$484$140,264
September '36$681$482$139,583
October '36$683$480$138,900
November '36$686$477$138,214
December '36$688$475$137,526
January '37$690$473$136,836
February '37$693$470$136,143
March '37$695$468$135,448
April '37$698$466$134,750
May '37$700$463$134,050
June '37$702$461$133,348
July '37$705$458$132,643
August '37$707$456$131,936
September '37$710$454$131,226
October '37$712$451$130,514
November '37$715$449$129,800
December '37$717$446$129,083
January '38$719$444$128,363
February '38$722$441$127,641
March '38$724$439$126,917
April '38$727$436$126,190
May '38$729$434$125,461
June '38$732$431$124,729
July '38$734$429$123,994
August '38$737$426$123,257
September '38$739$424$122,518
October '38$742$421$121,776
November '38$745$419$121,031
December '38$747$416$120,284
January '39$750$413$119,535
February '39$752$411$118,782
March '39$755$408$118,027
April '39$757$406$117,270
May '39$760$403$116,510
June '39$763$401$115,747
July '39$765$398$114,982
August '39$768$395$114,214
September '39$771$393$113,444
October '39$773$390$112,670
November '39$776$387$111,894
December '39$779$385$111,116
January '40$781$382$110,335
February '40$784$379$109,551
March '40$787$377$108,764
April '40$789$374$107,975
May '40$792$371$107,183
June '40$795$368$106,388
July '40$797$366$105,591
August '40$800$363$104,791
September '40$803$360$103,988
October '40$806$357$103,182
November '40$808$355$102,374
December '40$811$352$101,562
January '41$814$349$100,748
February '41$817$346$99,931
March '41$820$344$99,112
April '41$822$341$98,289
May '41$825$338$97,464
June '41$828$335$96,636
July '41$831$332$95,805
August '41$834$329$94,971
September '41$837$326$94,134
October '41$840$324$93,295
November '41$842$321$92,452
December '41$845$318$91,607
January '42$848$315$90,759
February '42$851$312$89,908
March '42$854$309$89,053
April '42$857$306$88,196
May '42$860$303$87,336
June '42$863$300$86,474
July '42$866$297$85,608
August '42$869$294$84,739
September '42$872$291$83,867
October '42$875$288$82,992
November '42$878$285$82,114
December '42$881$282$81,233
January '43$884$279$80,349
February '43$887$276$79,462
March '43$890$273$78,572
April '43$893$270$77,679
May '43$896$267$76,783
June '43$899$264$75,884
July '43$902$261$74,982
August '43$905$258$74,076
September '43$909$255$73,168
October '43$912$252$72,256
November '43$915$248$71,341
December '43$918$245$70,423
January '44$921$242$69,502
February '44$924$239$68,578
March '44$927$236$67,651
April '44$931$233$66,720
May '44$934$229$65,786
June '44$937$226$64,849
July '44$940$223$63,909
August '44$943$220$62,965
September '44$947$216$62,019
October '44$950$213$61,069
November '44$953$210$60,116
December '44$957$207$59,159
January '45$960$203$58,199
February '45$963$200$57,236
March '45$966$197$56,270
April '45$970$193$55,300
May '45$973$190$54,327
June '45$976$187$53,350
July '45$980$183$52,371
August '45$983$180$51,388
September '45$987$177$50,401
October '45$990$173$49,411
November '45$993$170$48,418
December '45$997$166$47,421
January '46$1,000$163$46,421
February '46$1,004$160$45,417
March '46$1,007$156$44,410
April '46$1,010$153$43,400
May '46$1,014$149$42,386
June '46$1,017$146$41,368
July '46$1,021$142$40,347
August '46$1,024$139$39,323
September '46$1,028$135$38,295
October '46$1,032$132$37,263
November '46$1,035$128$36,228
December '46$1,039$125$35,190
January '47$1,042$121$34,148
February '47$1,046$117$33,102
March '47$1,049$114$32,052
April '47$1,053$110$30,999
May '47$1,057$107$29,943
June '47$1,060$103$28,883
July '47$1,064$99$27,819
August '47$1,068$96$26,751
September '47$1,071$92$25,680
October '47$1,075$88$24,605
November '47$1,079$85$23,527
December '47$1,082$81$22,444
January '48$1,086$77$21,358
February '48$1,090$73$20,269
March '48$1,093$70$19,175
April '48$1,097$66$18,078
May '48$1,101$62$16,977
June '48$1,105$58$15,872
July '48$1,109$55$14,763
August '48$1,112$51$13,651
September '48$1,116$47$12,535
October '48$1,120$43$11,415
November '48$1,124$39$10,291
December '48$1,128$35$9,163
January '49$1,132$31$8,031
February '49$1,136$28$6,896
March '49$1,139$24$5,756
April '49$1,143$20$4,613
May '49$1,147$16$3,466
June '49$1,151$12$2,314
July '49$1,155$8$1,159
August '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$2,146$1,571
Mortgage Rate4.125%3.45%*3.92%*
Total interest paid
$178,737
$67,770
$168,512
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,146$1,571
Mortgage Rate4.125%3.45%*3.92%*
Total interest paid
$178,737
$67,770
$168,512
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