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
$1,690
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
December '18$0$0$240,000
January '19$300$956$239,700
February '19$301$955$239,398
March '19$303$954$239,096
April '19$304$952$238,792
May '19$305$951$238,487
June '19$306$950$238,180
July '19$308$949$237,873
August '19$309$948$237,564
September '19$310$946$237,254
October '19$311$945$236,943
November '19$312$944$236,630
December '19$314$943$236,316
January '20$315$941$236,001
February '20$316$940$235,685
March '20$317$939$235,368
April '20$319$938$235,049
May '20$320$936$234,729
June '20$321$935$234,408
July '20$323$934$234,085
August '20$324$932$233,761
September '20$325$931$233,436
October '20$326$930$233,110
November '20$328$929$232,782
December '20$329$927$232,453
January '21$330$926$232,123
February '21$332$925$231,791
March '21$333$923$231,458
April '21$334$922$231,124
May '21$336$921$230,788
June '21$337$919$230,451
July '21$338$918$230,113
August '21$340$917$229,773
September '21$341$915$229,432
October '21$342$914$229,089
November '21$344$913$228,746
December '21$345$911$228,401
January '22$347$910$228,054
February '22$348$908$227,706
March '22$349$907$227,357
April '22$351$906$227,006
May '22$352$904$226,654
June '22$353$903$226,301
July '22$355$901$225,946
August '22$356$900$225,590
September '22$358$899$225,232
October '22$359$897$224,873
November '22$361$896$224,512
December '22$362$894$224,150
January '23$363$893$223,787
February '23$365$891$223,422
March '23$366$890$223,056
April '23$368$889$222,688
May '23$369$887$222,319
June '23$371$886$221,948
July '23$372$884$221,576
August '23$374$883$221,202
September '23$375$881$220,827
October '23$377$880$220,450
November '23$378$878$220,072
December '23$380$877$219,692
January '24$381$875$219,311
February '24$383$874$218,928
March '24$384$872$218,544
April '24$386$871$218,158
May '24$387$869$217,771
June '24$389$867$217,382
July '24$390$866$216,992
August '24$392$864$216,600
September '24$394$863$216,206
October '24$395$861$215,811
November '24$397$860$215,415
December '24$398$858$215,016
January '25$400$856$214,617
February '25$401$855$214,215
March '25$403$853$213,812
April '25$405$852$213,408
May '25$406$850$213,001
June '25$408$848$212,593
July '25$409$847$212,184
August '25$411$845$211,773
September '25$413$844$211,360
October '25$414$842$210,946
November '25$416$840$210,530
December '25$418$839$210,112
January '26$419$837$209,693
February '26$421$835$209,272
March '26$423$834$208,849
April '26$424$832$208,425
May '26$426$830$207,999
June '26$428$829$207,571
July '26$429$827$207,141
August '26$431$825$206,710
September '26$433$823$206,277
October '26$435$822$205,843
November '26$436$820$205,406
December '26$438$818$204,968
January '27$440$816$204,528
February '27$442$815$204,087
March '27$443$813$203,643
April '27$445$811$203,198
May '27$447$809$202,751
June '27$449$808$202,303
July '27$450$806$201,852
August '27$452$804$201,400
September '27$454$802$200,946
October '27$456$800$200,490
November '27$458$799$200,032
December '27$460$797$199,573
January '28$461$795$199,112
February '28$463$793$198,648
March '28$465$791$198,183
April '28$467$789$197,716
May '28$469$788$197,248
June '28$471$786$196,777
July '28$472$784$196,305
August '28$474$782$195,830
September '28$476$780$195,354
October '28$478$778$194,876
November '28$480$776$194,396
December '28$482$774$193,914
January '29$484$772$193,430
February '29$486$770$192,944
March '29$488$769$192,457
April '29$490$767$191,967
May '29$492$765$191,475
June '29$494$763$190,982
July '29$496$761$190,486
August '29$498$759$189,989
September '29$500$757$189,489
October '29$501$755$188,988
November '29$503$753$188,484
December '29$506$751$187,979
January '30$508$749$187,471
February '30$510$747$186,962
March '30$512$745$186,450
April '30$514$743$185,936
May '30$516$741$185,421
June '30$518$739$184,903
July '30$520$737$184,383
August '30$522$734$183,861
September '30$524$732$183,337
October '30$526$730$182,811
November '30$528$728$182,283
December '30$530$726$181,753
January '31$532$724$181,221
February '31$534$722$180,686
March '31$537$720$180,150
April '31$539$718$179,611
May '31$541$715$179,070
June '31$543$713$178,527
July '31$545$711$177,982
August '31$547$709$177,435
September '31$550$707$176,885
October '31$552$705$176,334
November '31$554$702$175,780
December '31$556$700$175,224
January '32$558$698$174,665
February '32$561$696$174,105
March '32$563$694$173,542
April '32$565$691$172,977
May '32$567$689$172,410
June '32$570$687$171,840
July '32$572$684$171,268
August '32$574$682$170,694
September '32$576$680$170,118
October '32$579$678$169,539
November '32$581$675$168,958
December '32$583$673$168,375
January '33$586$671$167,789
February '33$588$668$167,201
March '33$590$666$166,611
April '33$593$664$166,018
May '33$595$661$165,424
June '33$597$659$164,826
July '33$600$657$164,226
August '33$602$654$163,624
September '33$605$652$163,020
October '33$607$649$162,413
November '33$609$647$161,803
December '33$612$645$161,192
January '34$614$642$160,577
February '34$617$640$159,961
March '34$619$637$159,342
April '34$622$635$158,720
May '34$624$632$158,096
June '34$627$630$157,469
July '34$629$627$156,840
August '34$632$625$156,209
September '34$634$622$155,575
October '34$637$620$154,938
November '34$639$617$154,299
December '34$642$615$153,657
January '35$644$612$153,013
February '35$647$610$152,366
March '35$649$607$151,717
April '35$652$604$151,065
May '35$655$602$150,411
June '35$657$599$149,753
July '35$660$597$149,094
August '35$662$594$148,431
September '35$665$591$147,766
October '35$668$589$147,098
November '35$670$586$146,428
December '35$673$583$145,755
January '36$676$581$145,079
February '36$678$578$144,401
March '36$681$575$143,720
April '36$684$572$143,036
May '36$687$570$142,350
June '36$689$567$141,660
July '36$692$564$140,968
August '36$695$562$140,273
September '36$698$559$139,576
October '36$700$556$138,876
November '36$703$553$138,172
December '36$706$550$137,467
January '37$709$548$136,758
February '37$712$545$136,046
March '37$714$542$135,332
April '37$717$539$134,615
May '37$720$536$133,895
June '37$723$533$133,172
July '37$726$530$132,446
August '37$729$528$131,717
September '37$732$525$130,985
October '37$735$522$130,251
November '37$737$519$129,513
December '37$740$516$128,773
January '38$743$513$128,030
February '38$746$510$127,283
March '38$749$507$126,534
April '38$752$504$125,782
May '38$755$501$125,027
June '38$758$498$124,268
July '38$761$495$123,507
August '38$764$492$122,743
September '38$767$489$121,975
October '38$770$486$121,205
November '38$773$483$120,431
December '38$777$480$119,655
January '39$780$477$118,875
February '39$783$474$118,092
March '39$786$470$117,306
April '39$789$467$116,517
May '39$792$464$115,725
June '39$795$461$114,930
July '39$798$458$114,131
August '39$802$455$113,330
September '39$805$451$112,525
October '39$808$448$111,717
November '39$811$445$110,906
December '39$815$442$110,091
January '40$818$439$109,273
February '40$821$435$108,452
March '40$824$432$107,628
April '40$828$429$106,800
May '40$831$425$105,970
June '40$834$422$105,135
July '40$838$419$104,298
August '40$841$415$103,457
September '40$844$412$102,613
October '40$848$409$101,765
November '40$851$405$100,914
December '40$854$402$100,060
January '41$858$399$99,202
February '41$861$395$98,341
March '41$865$392$97,477
April '41$868$388$96,609
May '41$871$385$95,737
June '41$875$381$94,862
July '41$878$378$93,984
August '41$882$374$93,102
September '41$885$371$92,216
October '41$889$367$91,327
November '41$893$364$90,435
December '41$896$360$89,539
January '42$900$357$88,639
February '42$903$353$87,736
March '42$907$349$86,829
April '42$910$346$85,919
May '42$914$342$85,005
June '42$918$339$84,087
July '42$921$335$83,166
August '42$925$331$82,241
September '42$929$328$81,312
October '42$932$324$80,379
November '42$936$320$79,443
December '42$940$316$78,503
January '43$944$313$77,560
February '43$947$309$76,613
March '43$951$305$75,661
April '43$955$301$74,706
May '43$959$298$73,748
June '43$963$294$72,785
July '43$966$290$71,819
August '43$970$286$70,849
September '43$974$282$69,875
October '43$978$278$68,897
November '43$982$274$67,915
December '43$986$271$66,929
January '44$990$267$65,939
February '44$994$263$64,946
March '44$998$259$63,948
April '44$1,002$255$62,946
May '44$1,006$251$61,941
June '44$1,010$247$60,931
July '44$1,014$243$59,918
August '44$1,018$239$58,900
September '44$1,022$235$57,878
October '44$1,026$231$56,853
November '44$1,030$226$55,823
December '44$1,034$222$54,789
January '45$1,038$218$53,751
February '45$1,042$214$52,709
March '45$1,046$210$51,662
April '45$1,051$206$50,612
May '45$1,055$202$49,557
June '45$1,059$197$48,498
July '45$1,063$193$47,435
August '45$1,067$189$46,368
September '45$1,072$185$45,296
October '45$1,076$180$44,220
November '45$1,080$176$43,140
December '45$1,084$172$42,056
January '46$1,089$168$40,967
February '46$1,093$163$39,874
March '46$1,097$159$38,776
April '46$1,102$154$37,675
May '46$1,106$150$36,568
June '46$1,111$146$35,458
July '46$1,115$141$34,343
August '46$1,119$137$33,223
September '46$1,124$132$32,099
October '46$1,128$128$30,971
November '46$1,133$123$29,838
December '46$1,137$119$28,700
January '47$1,142$114$27,558
February '47$1,147$110$26,412
March '47$1,151$105$25,261
April '47$1,156$101$24,105
May '47$1,160$96$22,945
June '47$1,165$91$21,780
July '47$1,170$87$20,610
August '47$1,174$82$19,436
September '47$1,179$77$18,257
October '47$1,184$73$17,074
November '47$1,188$68$15,885
December '47$1,193$63$14,692
January '48$1,198$59$13,495
February '48$1,203$54$12,292
March '48$1,207$49$11,085
April '48$1,212$44$9,873
May '48$1,217$39$8,656
June '48$1,222$34$7,434
July '48$1,227$30$6,207
August '48$1,232$25$4,976
September '48$1,236$20$3,739
October '48$1,241$15$2,498
November '48$1,246$10$1,251
December '48$1,251$5$0
Monthly payment
Principal & interest

$1,256

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$1,690$2,241$1,690
Mortgage Rate4.78%4.27%*4.78%*
Total interest paid
$212,267
$85,422
$212,267
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,690$2,241$1,690
Mortgage Rate4.78%4.27%*4.78%*
Total interest paid
$212,267
$85,422
$212,267
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Principal & interest

$1,256

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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.