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
$1,723
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 '18$0$0$240,000
November '18$288$1,002$239,712
December '18$289$1,001$239,423
January '19$290$1,000$239,133
February '19$291$998$238,841
March '19$293$997$238,549
April '19$294$996$238,255
May '19$295$995$237,960
June '19$296$993$237,663
July '19$298$992$237,366
August '19$299$991$237,067
September '19$300$990$236,767
October '19$301$989$236,466
November '19$303$987$236,163
December '19$304$986$235,859
January '20$305$985$235,554
February '20$306$983$235,248
March '20$308$982$234,940
April '20$309$981$234,631
May '20$310$980$234,321
June '20$312$978$234,009
July '20$313$977$233,696
August '20$314$976$233,382
September '20$315$974$233,067
October '20$317$973$232,750
November '20$318$972$232,432
December '20$319$970$232,112
January '21$321$969$231,791
February '21$322$968$231,469
March '21$323$966$231,146
April '21$325$965$230,821
May '21$326$964$230,495
June '21$328$962$230,167
July '21$329$961$229,839
August '21$330$960$229,508
September '21$332$958$229,177
October '21$333$957$228,844
November '21$334$955$228,509
December '21$336$954$228,173
January '22$337$953$227,836
February '22$339$951$227,498
March '22$340$950$227,158
April '22$341$948$226,816
May '22$343$947$226,473
June '22$344$946$226,129
July '22$346$944$225,783
August '22$347$943$225,436
September '22$349$941$225,087
October '22$350$940$224,737
November '22$352$938$224,386
December '22$353$937$224,033
January '23$355$935$223,678
February '23$356$934$223,322
March '23$357$932$222,965
April '23$359$931$222,606
May '23$360$929$222,245
June '23$362$928$221,883
July '23$363$926$221,520
August '23$365$925$221,155
September '23$367$923$220,788
October '23$368$922$220,420
November '23$370$920$220,051
December '23$371$919$219,679
January '24$373$917$219,307
February '24$374$916$218,933
March '24$376$914$218,557
April '24$377$912$218,179
May '24$379$911$217,800
June '24$381$909$217,420
July '24$382$908$217,038
August '24$384$906$216,654
September '24$385$905$216,269
October '24$387$903$215,882
November '24$389$901$215,493
December '24$390$900$215,103
January '25$392$898$214,711
February '25$393$896$214,318
March '25$395$895$213,923
April '25$397$893$213,526
May '25$398$891$213,128
June '25$400$890$212,728
July '25$402$888$212,326
August '25$403$886$211,923
September '25$405$885$211,518
October '25$407$883$211,111
November '25$408$881$210,703
December '25$410$880$210,292
January '26$412$878$209,880
February '26$414$876$209,467
March '26$415$875$209,052
April '26$417$873$208,635
May '26$419$871$208,216
June '26$421$869$207,795
July '26$422$868$207,373
August '26$424$866$206,949
September '26$426$864$206,523
October '26$428$862$206,095
November '26$429$860$205,666
December '26$431$859$205,235
January '27$433$857$204,802
February '27$435$855$204,367
March '27$437$853$203,930
April '27$438$851$203,492
May '27$440$850$203,052
June '27$442$848$202,610
July '27$444$846$202,166
August '27$446$844$201,720
September '27$448$842$201,272
October '27$450$840$200,823
November '27$451$838$200,371
December '27$453$837$199,918
January '28$455$835$199,463
February '28$457$833$199,006
March '28$459$831$198,547
April '28$461$829$198,086
May '28$463$827$197,623
June '28$465$825$197,158
July '28$467$823$196,692
August '28$469$821$196,223
September '28$471$819$195,752
October '28$473$817$195,280
November '28$475$815$194,805
December '28$477$813$194,329
January '29$479$811$193,850
February '29$481$809$193,370
March '29$483$807$192,887
April '29$485$805$192,403
May '29$487$803$191,916
June '29$489$801$191,427
July '29$491$799$190,937
August '29$493$797$190,444
September '29$495$795$189,949
October '29$497$793$189,453
November '29$499$791$188,954
December '29$501$789$188,453
January '30$503$787$187,950
February '30$505$785$187,445
March '30$507$783$186,937
April '30$509$780$186,428
May '30$512$778$185,916
June '30$514$776$185,403
July '30$516$774$184,887
August '30$518$772$184,369
September '30$520$770$183,849
October '30$522$768$183,327
November '30$524$765$182,802
December '30$527$763$182,276
January '31$529$761$181,747
February '31$531$759$181,216
March '31$533$757$180,682
April '31$535$754$180,147
May '31$538$752$179,609
June '31$540$750$179,069
July '31$542$748$178,527
August '31$544$745$177,983
September '31$547$743$177,436
October '31$549$741$176,887
November '31$551$739$176,335
December '31$554$736$175,782
January '32$556$734$175,226
February '32$558$732$174,668
March '32$561$729$174,107
April '32$563$727$173,544
May '32$565$725$172,979
June '32$568$722$172,411
July '32$570$720$171,841
August '32$572$717$171,269
September '32$575$715$170,694
October '32$577$713$170,117
November '32$580$710$169,537
December '32$582$708$168,955
January '33$584$705$168,371
February '33$587$703$167,784
March '33$589$700$167,194
April '33$592$698$166,603
May '33$594$696$166,008
June '33$597$693$165,412
July '33$599$691$164,812
August '33$602$688$164,211
September '33$604$686$163,606
October '33$607$683$163,000
November '33$609$681$162,390
December '33$612$678$161,778
January '34$614$675$161,164
February '34$617$673$160,547
March '34$620$670$159,927
April '34$622$668$159,305
May '34$625$665$158,681
June '34$627$662$158,053
July '34$630$660$157,423
August '34$633$657$156,791
September '34$635$655$156,155
October '34$638$652$155,517
November '34$641$649$154,877
December '34$643$647$154,234
January '35$646$644$153,588
February '35$649$641$152,939
March '35$651$639$152,288
April '35$654$636$151,634
May '35$657$633$150,977
June '35$660$630$150,318
July '35$662$628$149,655
August '35$665$625$148,990
September '35$668$622$148,322
October '35$671$619$147,652
November '35$673$616$146,978
December '35$676$614$146,302
January '36$679$611$145,623
February '36$682$608$144,941
March '36$685$605$144,257
April '36$688$602$143,569
May '36$690$599$142,879
June '36$693$597$142,185
July '36$696$594$141,489
August '36$699$591$140,790
September '36$702$588$140,088
October '36$705$585$139,383
November '36$708$582$138,675
December '36$711$579$137,964
January '37$714$576$137,250
February '37$717$573$136,534
March '37$720$570$135,814
April '37$723$567$135,091
May '37$726$564$134,365
June '37$729$561$133,636
July '37$732$558$132,904
August '37$735$555$132,169
September '37$738$552$131,431
October '37$741$549$130,690
November '37$744$546$129,946
December '37$747$543$129,199
January '38$750$539$128,448
February '38$754$536$127,695
March '38$757$533$126,938
April '38$760$530$126,178
May '38$763$527$125,415
June '38$766$524$124,649
July '38$769$520$123,879
August '38$773$517$123,107
September '38$776$514$122,331
October '38$779$511$121,552
November '38$782$507$120,769
December '38$786$504$119,984
January '39$789$501$119,195
February '39$792$498$118,403
March '39$796$494$117,607
April '39$799$491$116,808
May '39$802$488$116,006
June '39$806$484$115,201
July '39$809$481$114,392
August '39$812$478$113,580
September '39$816$474$112,764
October '39$819$471$111,945
November '39$822$467$111,122
December '39$826$464$110,296
January '40$829$460$109,467
February '40$833$457$108,634
March '40$836$454$107,798
April '40$840$450$106,958
May '40$843$447$106,115
June '40$847$443$105,268
July '40$850$439$104,418
August '40$854$436$103,564
September '40$857$432$102,706
October '40$861$429$101,845
November '40$865$425$100,981
December '40$868$422$100,112
January '41$872$418$99,241
February '41$876$414$98,365
March '41$879$411$97,486
April '41$883$407$96,603
May '41$887$403$95,717
June '41$890$400$94,826
July '41$894$396$93,932
August '41$898$392$93,035
September '41$901$388$92,133
October '41$905$385$91,228
November '41$909$381$90,319
December '41$913$377$89,406
January '42$917$373$88,490
February '42$920$369$87,569
March '42$924$366$86,645
April '42$928$362$85,717
May '42$932$358$84,785
June '42$936$354$83,849
July '42$940$350$82,910
August '42$944$346$81,966
September '42$948$342$81,018
October '42$952$338$80,067
November '42$956$334$79,111
December '42$960$330$78,152
January '43$964$326$77,188
February '43$968$322$76,220
March '43$972$318$75,249
April '43$976$314$74,273
May '43$980$310$73,293
June '43$984$306$72,309
July '43$988$302$71,322
August '43$992$298$70,329
September '43$996$294$69,333
October '43$1,000$289$68,333
November '43$1,005$285$67,328
December '43$1,009$281$66,320
January '44$1,013$277$65,307
February '44$1,017$273$64,289
March '44$1,021$268$63,268
April '44$1,026$264$62,242
May '44$1,030$260$61,212
June '44$1,034$256$60,178
July '44$1,039$251$59,139
August '44$1,043$247$58,097
September '44$1,047$243$57,049
October '44$1,052$238$55,998
November '44$1,056$234$54,942
December '44$1,060$229$53,881
January '45$1,065$225$52,816
February '45$1,069$221$51,747
March '45$1,074$216$50,673
April '45$1,078$212$49,595
May '45$1,083$207$48,512
June '45$1,087$203$47,425
July '45$1,092$198$46,333
August '45$1,096$193$45,236
September '45$1,101$189$44,136
October '45$1,106$184$43,030
November '45$1,110$180$41,920
December '45$1,115$175$40,805
January '46$1,119$170$39,685
February '46$1,124$166$38,561
March '46$1,129$161$37,432
April '46$1,134$156$36,299
May '46$1,138$152$35,161
June '46$1,143$147$34,018
July '46$1,148$142$32,870
August '46$1,153$137$31,717
September '46$1,157$132$30,560
October '46$1,162$128$29,397
November '46$1,167$123$28,230
December '46$1,172$118$27,058
January '47$1,177$113$25,882
February '47$1,182$108$24,700
March '47$1,187$103$23,513
April '47$1,192$98$22,321
May '47$1,197$93$21,125
June '47$1,202$88$19,923
July '47$1,207$83$18,716
August '47$1,212$78$17,505
September '47$1,217$73$16,288
October '47$1,222$68$15,066
November '47$1,227$63$13,839
December '47$1,232$58$12,607
January '48$1,237$53$11,370
February '48$1,242$47$10,128
March '48$1,248$42$8,880
April '48$1,253$37$7,627
May '48$1,258$32$6,369
June '48$1,263$27$5,106
July '48$1,269$21$3,837
August '48$1,274$16$2,564
September '48$1,279$11$1,284
October '48$1,284$5$0
Monthly payment
Principal & interest

$1,290

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$1,723$2,274$1,723
Mortgage Rate5.01%4.54%*5.01%*
Total interest paid
$224,342
$91,361
$224,342
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,723$2,274$1,723
Mortgage Rate5.01%4.54%*5.01%*
Total interest paid
$224,342
$91,361
$224,342
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Principal & interest

$1,290

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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.