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
April '19$0$0$240,000
May '19$338$825$239,662
June '19$339$824$239,323
July '19$340$823$238,982
August '19$342$822$238,640
September '19$343$820$238,298
October '19$344$819$237,954
November '19$345$818$237,608
December '19$346$817$237,262
January '20$348$816$236,914
February '20$349$814$236,566
March '20$350$813$236,216
April '20$351$812$235,864
May '20$352$811$235,512
June '20$354$810$235,159
July '20$355$808$234,804
August '20$356$807$234,448
September '20$357$806$234,090
October '20$358$805$233,732
November '20$360$803$233,372
December '20$361$802$233,011
January '21$362$801$232,649
February '21$363$800$232,286
March '21$365$798$231,921
April '21$366$797$231,555
May '21$367$796$231,188
June '21$368$795$230,819
July '21$370$793$230,450
August '21$371$792$230,079
September '21$372$791$229,707
October '21$374$790$229,333
November '21$375$788$228,958
December '21$376$787$228,582
January '22$377$786$228,205
February '22$379$784$227,826
March '22$380$783$227,446
April '22$381$782$227,065
May '22$383$781$226,682
June '22$384$779$226,298
July '22$385$778$225,913
August '22$387$777$225,526
September '22$388$775$225,138
October '22$389$774$224,749
November '22$391$773$224,358
December '22$392$771$223,966
January '23$393$770$223,573
February '23$395$769$223,179
March '23$396$767$222,783
April '23$397$766$222,385
May '23$399$764$221,987
June '23$400$763$221,586
July '23$401$762$221,185
August '23$403$760$220,782
September '23$404$759$220,378
October '23$406$758$219,972
November '23$407$756$219,565
December '23$408$755$219,157
January '24$410$753$218,747
February '24$411$752$218,336
March '24$413$751$217,923
April '24$414$749$217,509
May '24$415$748$217,094
June '24$417$746$216,677
July '24$418$745$216,259
August '24$420$743$215,839
September '24$421$742$215,418
October '24$423$740$214,995
November '24$424$739$214,571
December '24$426$738$214,145
January '25$427$736$213,718
February '25$429$735$213,290
March '25$430$733$212,860
April '25$431$732$212,428
May '25$433$730$211,995
June '25$434$729$211,561
July '25$436$727$211,125
August '25$437$726$210,688
September '25$439$724$210,249
October '25$440$723$209,808
November '25$442$721$209,366
December '25$443$720$208,923
January '26$445$718$208,478
February '26$447$717$208,031
March '26$448$715$207,583
April '26$450$714$207,134
May '26$451$712$206,683
June '26$453$710$206,230
July '26$454$709$205,776
August '26$456$707$205,320
September '26$457$706$204,862
October '26$459$704$204,403
November '26$461$703$203,943
December '26$462$701$203,481
January '27$464$699$203,017
February '27$465$698$202,552
March '27$467$696$202,085
April '27$468$695$201,616
May '27$470$693$201,146
June '27$472$691$200,675
July '27$473$690$200,201
August '27$475$688$199,726
September '27$477$687$199,250
October '27$478$685$198,771
November '27$480$683$198,292
December '27$482$682$197,810
January '28$483$680$197,327
February '28$485$678$196,842
March '28$487$677$196,356
April '28$488$675$195,867
May '28$490$673$195,377
June '28$492$672$194,886
July '28$493$670$194,393
August '28$495$668$193,898
September '28$497$667$193,401
October '28$498$665$192,903
November '28$500$663$192,403
December '28$502$661$191,901
January '29$503$660$191,397
February '29$505$658$190,892
March '29$507$656$190,385
April '29$509$654$189,877
May '29$510$653$189,366
June '29$512$651$188,854
July '29$514$649$188,340
August '29$516$647$187,824
September '29$518$646$187,307
October '29$519$644$186,787
November '29$521$642$186,266
December '29$523$640$185,743
January '30$525$638$185,219
February '30$526$637$184,692
March '30$528$635$184,164
April '30$530$633$183,634
May '30$532$631$183,102
June '30$534$629$182,568
July '30$536$628$182,033
August '30$537$626$181,495
September '30$539$624$180,956
October '30$541$622$180,415
November '30$543$620$179,872
December '30$545$618$179,327
January '31$547$616$178,780
February '31$549$615$178,232
March '31$550$613$177,681
April '31$552$611$177,129
May '31$554$609$176,575
June '31$556$607$176,018
July '31$558$605$175,460
August '31$560$603$174,900
September '31$562$601$174,338
October '31$564$599$173,774
November '31$566$597$173,209
December '31$568$595$172,641
January '32$570$593$172,071
February '32$572$591$171,499
March '32$574$590$170,926
April '32$576$588$170,350
May '32$578$586$169,773
June '32$580$584$169,193
July '32$582$582$168,612
August '32$584$580$168,028
September '32$586$578$167,442
October '32$588$576$166,855
November '32$590$574$166,265
December '32$592$572$165,674
January '33$594$570$165,080
February '33$596$567$164,484
March '33$598$565$163,887
April '33$600$563$163,287
May '33$602$561$162,685
June '33$604$559$162,081
July '33$606$557$161,475
August '33$608$555$160,867
September '33$610$553$160,257
October '33$612$551$159,644
November '33$614$549$159,030
December '33$616$547$158,414
January '34$619$545$157,795
February '34$621$542$157,174
March '34$623$540$156,551
April '34$625$538$155,926
May '34$627$536$155,299
June '34$629$534$154,670
July '34$631$532$154,038
August '34$634$530$153,405
September '34$636$527$152,769
October '34$638$525$152,131
November '34$640$523$151,491
December '34$642$521$150,848
January '35$645$519$150,204
February '35$647$516$149,557
March '35$649$514$148,908
April '35$651$512$148,256
May '35$654$510$147,603
June '35$656$507$146,947
July '35$658$505$146,289
August '35$660$503$145,629
September '35$663$501$144,966
October '35$665$498$144,301
November '35$667$496$143,634
December '35$669$494$142,965
January '36$672$491$142,293
February '36$674$489$141,619
March '36$676$487$140,943
April '36$679$484$140,264
May '36$681$482$139,583
June '36$683$480$138,900
July '36$686$477$138,214
August '36$688$475$137,526
September '36$690$473$136,836
October '36$693$470$136,143
November '36$695$468$135,448
December '36$698$466$134,750
January '37$700$463$134,050
February '37$702$461$133,348
March '37$705$458$132,643
April '37$707$456$131,936
May '37$710$454$131,226
June '37$712$451$130,514
July '37$715$449$129,800
August '37$717$446$129,083
September '37$719$444$128,363
October '37$722$441$127,641
November '37$724$439$126,917
December '37$727$436$126,190
January '38$729$434$125,461
February '38$732$431$124,729
March '38$734$429$123,994
April '38$737$426$123,257
May '38$739$424$122,518
June '38$742$421$121,776
July '38$745$419$121,031
August '38$747$416$120,284
September '38$750$413$119,535
October '38$752$411$118,782
November '38$755$408$118,027
December '38$757$406$117,270
January '39$760$403$116,510
February '39$763$401$115,747
March '39$765$398$114,982
April '39$768$395$114,214
May '39$771$393$113,444
June '39$773$390$112,670
July '39$776$387$111,894
August '39$779$385$111,116
September '39$781$382$110,335
October '39$784$379$109,551
November '39$787$377$108,764
December '39$789$374$107,975
January '40$792$371$107,183
February '40$795$368$106,388
March '40$797$366$105,591
April '40$800$363$104,791
May '40$803$360$103,988
June '40$806$357$103,182
July '40$808$355$102,374
August '40$811$352$101,562
September '40$814$349$100,748
October '40$817$346$99,931
November '40$820$344$99,112
December '40$822$341$98,289
January '41$825$338$97,464
February '41$828$335$96,636
March '41$831$332$95,805
April '41$834$329$94,971
May '41$837$326$94,134
June '41$840$324$93,295
July '41$842$321$92,452
August '41$845$318$91,607
September '41$848$315$90,759
October '41$851$312$89,908
November '41$854$309$89,053
December '41$857$306$88,196
January '42$860$303$87,336
February '42$863$300$86,474
March '42$866$297$85,608
April '42$869$294$84,739
May '42$872$291$83,867
June '42$875$288$82,992
July '42$878$285$82,114
August '42$881$282$81,233
September '42$884$279$80,349
October '42$887$276$79,462
November '42$890$273$78,572
December '42$893$270$77,679
January '43$896$267$76,783
February '43$899$264$75,884
March '43$902$261$74,982
April '43$905$258$74,076
May '43$909$255$73,168
June '43$912$252$72,256
July '43$915$248$71,341
August '43$918$245$70,423
September '43$921$242$69,502
October '43$924$239$68,578
November '43$927$236$67,651
December '43$931$233$66,720
January '44$934$229$65,786
February '44$937$226$64,849
March '44$940$223$63,909
April '44$943$220$62,965
May '44$947$216$62,019
June '44$950$213$61,069
July '44$953$210$60,116
August '44$957$207$59,159
September '44$960$203$58,199
October '44$963$200$57,236
November '44$966$197$56,270
December '44$970$193$55,300
January '45$973$190$54,327
February '45$976$187$53,350
March '45$980$183$52,371
April '45$983$180$51,388
May '45$987$177$50,401
June '45$990$173$49,411
July '45$993$170$48,418
August '45$997$166$47,421
September '45$1,000$163$46,421
October '45$1,004$160$45,417
November '45$1,007$156$44,410
December '45$1,010$153$43,400
January '46$1,014$149$42,386
February '46$1,017$146$41,368
March '46$1,021$142$40,347
April '46$1,024$139$39,323
May '46$1,028$135$38,295
June '46$1,032$132$37,263
July '46$1,035$128$36,228
August '46$1,039$125$35,190
September '46$1,042$121$34,148
October '46$1,046$117$33,102
November '46$1,049$114$32,052
December '46$1,053$110$30,999
January '47$1,057$107$29,943
February '47$1,060$103$28,883
March '47$1,064$99$27,819
April '47$1,068$96$26,751
May '47$1,071$92$25,680
June '47$1,075$88$24,605
July '47$1,079$85$23,527
August '47$1,082$81$22,444
September '47$1,086$77$21,358
October '47$1,090$73$20,269
November '47$1,093$70$19,175
December '47$1,097$66$18,078
January '48$1,101$62$16,977
February '48$1,105$58$15,872
March '48$1,109$55$14,763
April '48$1,112$51$13,651
May '48$1,116$47$12,535
June '48$1,120$43$11,415
July '48$1,124$39$10,291
August '48$1,128$35$9,163
September '48$1,132$31$8,031
October '48$1,136$28$6,896
November '48$1,139$24$5,756
December '48$1,143$20$4,613
January '49$1,147$16$3,466
February '49$1,151$12$2,314
March '49$1,155$8$1,159
April '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$2,063$1,504
Mortgage Rate4.125%2.74%*3.43%*
Total interest paid
$178,737
$52,959
$144,606
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,063$1,504
Mortgage Rate4.125%2.74%*3.43%*
Total interest paid
$178,737
$52,959
$144,606
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Principal & interest

$1,163

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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.