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
June '19$0$0$240,000
July '19$338$825$239,662
August '19$339$824$239,323
September '19$340$823$238,982
October '19$342$822$238,640
November '19$343$820$238,298
December '19$344$819$237,954
January '20$345$818$237,608
February '20$346$817$237,262
March '20$348$816$236,914
April '20$349$814$236,566
May '20$350$813$236,216
June '20$351$812$235,864
July '20$352$811$235,512
August '20$354$810$235,159
September '20$355$808$234,804
October '20$356$807$234,448
November '20$357$806$234,090
December '20$358$805$233,732
January '21$360$803$233,372
February '21$361$802$233,011
March '21$362$801$232,649
April '21$363$800$232,286
May '21$365$798$231,921
June '21$366$797$231,555
July '21$367$796$231,188
August '21$368$795$230,819
September '21$370$793$230,450
October '21$371$792$230,079
November '21$372$791$229,707
December '21$374$790$229,333
January '22$375$788$228,958
February '22$376$787$228,582
March '22$377$786$228,205
April '22$379$784$227,826
May '22$380$783$227,446
June '22$381$782$227,065
July '22$383$781$226,682
August '22$384$779$226,298
September '22$385$778$225,913
October '22$387$777$225,526
November '22$388$775$225,138
December '22$389$774$224,749
January '23$391$773$224,358
February '23$392$771$223,966
March '23$393$770$223,573
April '23$395$769$223,179
May '23$396$767$222,783
June '23$397$766$222,385
July '23$399$764$221,987
August '23$400$763$221,586
September '23$401$762$221,185
October '23$403$760$220,782
November '23$404$759$220,378
December '23$406$758$219,972
January '24$407$756$219,565
February '24$408$755$219,157
March '24$410$753$218,747
April '24$411$752$218,336
May '24$413$751$217,923
June '24$414$749$217,509
July '24$415$748$217,094
August '24$417$746$216,677
September '24$418$745$216,259
October '24$420$743$215,839
November '24$421$742$215,418
December '24$423$740$214,995
January '25$424$739$214,571
February '25$426$738$214,145
March '25$427$736$213,718
April '25$429$735$213,290
May '25$430$733$212,860
June '25$431$732$212,428
July '25$433$730$211,995
August '25$434$729$211,561
September '25$436$727$211,125
October '25$437$726$210,688
November '25$439$724$210,249
December '25$440$723$209,808
January '26$442$721$209,366
February '26$443$720$208,923
March '26$445$718$208,478
April '26$447$717$208,031
May '26$448$715$207,583
June '26$450$714$207,134
July '26$451$712$206,683
August '26$453$710$206,230
September '26$454$709$205,776
October '26$456$707$205,320
November '26$457$706$204,862
December '26$459$704$204,403
January '27$461$703$203,943
February '27$462$701$203,481
March '27$464$699$203,017
April '27$465$698$202,552
May '27$467$696$202,085
June '27$468$695$201,616
July '27$470$693$201,146
August '27$472$691$200,675
September '27$473$690$200,201
October '27$475$688$199,726
November '27$477$687$199,250
December '27$478$685$198,771
January '28$480$683$198,292
February '28$482$682$197,810
March '28$483$680$197,327
April '28$485$678$196,842
May '28$487$677$196,356
June '28$488$675$195,867
July '28$490$673$195,377
August '28$492$672$194,886
September '28$493$670$194,393
October '28$495$668$193,898
November '28$497$667$193,401
December '28$498$665$192,903
January '29$500$663$192,403
February '29$502$661$191,901
March '29$503$660$191,397
April '29$505$658$190,892
May '29$507$656$190,385
June '29$509$654$189,877
July '29$510$653$189,366
August '29$512$651$188,854
September '29$514$649$188,340
October '29$516$647$187,824
November '29$518$646$187,307
December '29$519$644$186,787
January '30$521$642$186,266
February '30$523$640$185,743
March '30$525$638$185,219
April '30$526$637$184,692
May '30$528$635$184,164
June '30$530$633$183,634
July '30$532$631$183,102
August '30$534$629$182,568
September '30$536$628$182,033
October '30$537$626$181,495
November '30$539$624$180,956
December '30$541$622$180,415
January '31$543$620$179,872
February '31$545$618$179,327
March '31$547$616$178,780
April '31$549$615$178,232
May '31$550$613$177,681
June '31$552$611$177,129
July '31$554$609$176,575
August '31$556$607$176,018
September '31$558$605$175,460
October '31$560$603$174,900
November '31$562$601$174,338
December '31$564$599$173,774
January '32$566$597$173,209
February '32$568$595$172,641
March '32$570$593$172,071
April '32$572$591$171,499
May '32$574$590$170,926
June '32$576$588$170,350
July '32$578$586$169,773
August '32$580$584$169,193
September '32$582$582$168,612
October '32$584$580$168,028
November '32$586$578$167,442
December '32$588$576$166,855
January '33$590$574$166,265
February '33$592$572$165,674
March '33$594$570$165,080
April '33$596$567$164,484
May '33$598$565$163,887
June '33$600$563$163,287
July '33$602$561$162,685
August '33$604$559$162,081
September '33$606$557$161,475
October '33$608$555$160,867
November '33$610$553$160,257
December '33$612$551$159,644
January '34$614$549$159,030
February '34$616$547$158,414
March '34$619$545$157,795
April '34$621$542$157,174
May '34$623$540$156,551
June '34$625$538$155,926
July '34$627$536$155,299
August '34$629$534$154,670
September '34$631$532$154,038
October '34$634$530$153,405
November '34$636$527$152,769
December '34$638$525$152,131
January '35$640$523$151,491
February '35$642$521$150,848
March '35$645$519$150,204
April '35$647$516$149,557
May '35$649$514$148,908
June '35$651$512$148,256
July '35$654$510$147,603
August '35$656$507$146,947
September '35$658$505$146,289
October '35$660$503$145,629
November '35$663$501$144,966
December '35$665$498$144,301
January '36$667$496$143,634
February '36$669$494$142,965
March '36$672$491$142,293
April '36$674$489$141,619
May '36$676$487$140,943
June '36$679$484$140,264
July '36$681$482$139,583
August '36$683$480$138,900
September '36$686$477$138,214
October '36$688$475$137,526
November '36$690$473$136,836
December '36$693$470$136,143
January '37$695$468$135,448
February '37$698$466$134,750
March '37$700$463$134,050
April '37$702$461$133,348
May '37$705$458$132,643
June '37$707$456$131,936
July '37$710$454$131,226
August '37$712$451$130,514
September '37$715$449$129,800
October '37$717$446$129,083
November '37$719$444$128,363
December '37$722$441$127,641
January '38$724$439$126,917
February '38$727$436$126,190
March '38$729$434$125,461
April '38$732$431$124,729
May '38$734$429$123,994
June '38$737$426$123,257
July '38$739$424$122,518
August '38$742$421$121,776
September '38$745$419$121,031
October '38$747$416$120,284
November '38$750$413$119,535
December '38$752$411$118,782
January '39$755$408$118,027
February '39$757$406$117,270
March '39$760$403$116,510
April '39$763$401$115,747
May '39$765$398$114,982
June '39$768$395$114,214
July '39$771$393$113,444
August '39$773$390$112,670
September '39$776$387$111,894
October '39$779$385$111,116
November '39$781$382$110,335
December '39$784$379$109,551
January '40$787$377$108,764
February '40$789$374$107,975
March '40$792$371$107,183
April '40$795$368$106,388
May '40$797$366$105,591
June '40$800$363$104,791
July '40$803$360$103,988
August '40$806$357$103,182
September '40$808$355$102,374
October '40$811$352$101,562
November '40$814$349$100,748
December '40$817$346$99,931
January '41$820$344$99,112
February '41$822$341$98,289
March '41$825$338$97,464
April '41$828$335$96,636
May '41$831$332$95,805
June '41$834$329$94,971
July '41$837$326$94,134
August '41$840$324$93,295
September '41$842$321$92,452
October '41$845$318$91,607
November '41$848$315$90,759
December '41$851$312$89,908
January '42$854$309$89,053
February '42$857$306$88,196
March '42$860$303$87,336
April '42$863$300$86,474
May '42$866$297$85,608
June '42$869$294$84,739
July '42$872$291$83,867
August '42$875$288$82,992
September '42$878$285$82,114
October '42$881$282$81,233
November '42$884$279$80,349
December '42$887$276$79,462
January '43$890$273$78,572
February '43$893$270$77,679
March '43$896$267$76,783
April '43$899$264$75,884
May '43$902$261$74,982
June '43$905$258$74,076
July '43$909$255$73,168
August '43$912$252$72,256
September '43$915$248$71,341
October '43$918$245$70,423
November '43$921$242$69,502
December '43$924$239$68,578
January '44$927$236$67,651
February '44$931$233$66,720
March '44$934$229$65,786
April '44$937$226$64,849
May '44$940$223$63,909
June '44$943$220$62,965
July '44$947$216$62,019
August '44$950$213$61,069
September '44$953$210$60,116
October '44$957$207$59,159
November '44$960$203$58,199
December '44$963$200$57,236
January '45$966$197$56,270
February '45$970$193$55,300
March '45$973$190$54,327
April '45$976$187$53,350
May '45$980$183$52,371
June '45$983$180$51,388
July '45$987$177$50,401
August '45$990$173$49,411
September '45$993$170$48,418
October '45$997$166$47,421
November '45$1,000$163$46,421
December '45$1,004$160$45,417
January '46$1,007$156$44,410
February '46$1,010$153$43,400
March '46$1,014$149$42,386
April '46$1,017$146$41,368
May '46$1,021$142$40,347
June '46$1,024$139$39,323
July '46$1,028$135$38,295
August '46$1,032$132$37,263
September '46$1,035$128$36,228
October '46$1,039$125$35,190
November '46$1,042$121$34,148
December '46$1,046$117$33,102
January '47$1,049$114$32,052
February '47$1,053$110$30,999
March '47$1,057$107$29,943
April '47$1,060$103$28,883
May '47$1,064$99$27,819
June '47$1,068$96$26,751
July '47$1,071$92$25,680
August '47$1,075$88$24,605
September '47$1,079$85$23,527
October '47$1,082$81$22,444
November '47$1,086$77$21,358
December '47$1,090$73$20,269
January '48$1,093$70$19,175
February '48$1,097$66$18,078
March '48$1,101$62$16,977
April '48$1,105$58$15,872
May '48$1,109$55$14,763
June '48$1,112$51$13,651
July '48$1,116$47$12,535
August '48$1,120$43$11,415
September '48$1,124$39$10,291
October '48$1,128$35$9,163
November '48$1,132$31$8,031
December '48$1,136$28$6,896
January '49$1,139$24$5,756
February '49$1,143$20$4,613
March '49$1,147$16$3,466
April '49$1,151$12$2,314
May '49$1,155$8$1,159
June '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$2,147$1,590
Mortgage Rate4.125%3.46%*4.06%*
Total interest paid
$178,737
$67,981
$175,481
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,147$1,590
Mortgage Rate4.125%3.46%*4.06%*
Total interest paid
$178,737
$67,981
$175,481
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