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
$1,677
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 '18$0$0$240,000
September '18$305$938$239,695
October '18$306$937$239,388
November '18$308$936$239,081
December '18$309$934$238,772
January '19$310$933$238,462
February '19$311$932$238,150
March '19$313$931$237,838
April '19$314$930$237,524
May '19$315$928$237,209
June '19$316$927$236,893
July '19$317$926$236,575
August '19$319$925$236,257
September '19$320$923$235,937
October '19$321$922$235,616
November '19$322$921$235,293
December '19$324$920$234,970
January '20$325$918$234,645
February '20$326$917$234,318
March '20$327$916$233,991
April '20$329$915$233,662
May '20$330$913$233,332
June '20$331$912$233,001
July '20$333$911$232,668
August '20$334$909$232,334
September '20$335$908$231,999
October '20$337$907$231,662
November '20$338$905$231,324
December '20$339$904$230,985
January '21$341$903$230,645
February '21$342$901$230,303
March '21$343$900$229,960
April '21$345$899$229,615
May '21$346$897$229,269
June '21$347$896$228,922
July '21$349$895$228,573
August '21$350$893$228,224
September '21$351$892$227,872
October '21$353$891$227,520
November '21$354$889$227,165
December '21$355$888$226,810
January '22$357$886$226,453
February '22$358$885$226,095
March '22$360$884$225,735
April '22$361$882$225,374
May '22$362$881$225,012
June '22$364$879$224,648
July '22$365$878$224,283
August '22$367$877$223,916
September '22$368$875$223,548
October '22$370$874$223,178
November '22$371$872$222,807
December '22$372$871$222,435
January '23$374$869$222,061
February '23$375$868$221,685
March '23$377$866$221,308
April '23$378$865$220,930
May '23$380$863$220,550
June '23$381$862$220,169
July '23$383$860$219,786
August '23$384$859$219,402
September '23$386$857$219,016
October '23$387$856$218,629
November '23$389$854$218,240
December '23$390$853$217,850
January '24$392$851$217,458
February '24$393$850$217,064
March '24$395$848$216,669
April '24$396$847$216,273
May '24$398$845$215,875
June '24$400$844$215,475
July '24$401$842$215,074
August '24$403$841$214,672
September '24$404$839$214,267
October '24$406$837$213,861
November '24$407$836$213,454
December '24$409$834$213,045
January '25$411$833$212,634
February '25$412$831$212,222
March '25$414$829$211,808
April '25$415$828$211,393
May '25$417$826$210,976
June '25$419$825$210,557
July '25$420$823$210,137
August '25$422$821$209,715
September '25$424$820$209,291
October '25$425$818$208,866
November '25$427$816$208,439
December '25$429$815$208,010
January '26$430$813$207,580
February '26$432$811$207,148
March '26$434$810$206,714
April '26$435$808$206,279
May '26$437$806$205,842
June '26$439$804$205,403
July '26$441$803$204,962
August '26$442$801$204,520
September '26$444$799$204,076
October '26$446$798$203,630
November '26$447$796$203,183
December '26$449$794$202,734
January '27$451$792$202,283
February '27$453$791$201,830
March '27$454$789$201,376
April '27$456$787$200,919
May '27$458$785$200,461
June '27$460$783$200,002
July '27$462$782$199,540
August '27$463$780$199,076
September '27$465$778$198,611
October '27$467$776$198,144
November '27$469$774$197,675
December '27$471$773$197,205
January '28$473$771$196,732
February '28$474$769$196,258
March '28$476$767$195,781
April '28$478$765$195,303
May '28$480$763$194,823
June '28$482$761$194,341
July '28$484$760$193,858
August '28$486$758$193,372
September '28$488$756$192,885
October '28$489$754$192,395
November '28$491$752$191,904
December '28$493$750$191,411
January '29$495$748$190,915
February '29$497$746$190,418
March '29$499$744$189,919
April '29$501$742$189,418
May '29$503$740$188,915
June '29$505$738$188,410
July '29$507$736$187,903
August '29$509$734$187,394
September '29$511$732$186,884
October '29$513$730$186,371
November '29$515$728$185,856
December '29$517$726$185,339
January '30$519$724$184,820
February '30$521$722$184,299
March '30$523$720$183,776
April '30$525$718$183,251
May '30$527$716$182,724
June '30$529$714$182,195
July '30$531$712$181,663
August '30$533$710$181,130
September '30$535$708$180,595
October '30$537$706$180,057
November '30$540$704$179,518
December '30$542$702$178,976
January '31$544$699$178,432
February '31$546$697$177,886
March '31$548$695$177,338
April '31$550$693$176,788
May '31$552$691$176,236
June '31$555$689$175,681
July '31$557$687$175,125
August '31$559$684$174,566
September '31$561$682$174,005
October '31$563$680$173,442
November '31$565$678$172,876
December '31$568$676$172,309
January '32$570$673$171,739
February '32$572$671$171,167
March '32$574$669$170,592
April '32$577$667$170,016
May '32$579$664$169,437
June '32$581$662$168,856
July '32$583$660$168,273
August '32$586$658$167,687
September '32$588$655$167,099
October '32$590$653$166,509
November '32$593$651$165,916
December '32$595$648$165,321
January '33$597$646$164,724
February '33$599$644$164,125
March '33$602$641$163,523
April '33$604$639$162,919
May '33$607$637$162,312
June '33$609$634$161,703
July '33$611$632$161,092
August '33$614$630$160,478
September '33$616$627$159,862
October '33$618$625$159,244
November '33$621$622$158,623
December '33$623$620$157,999
January '34$626$618$157,374
February '34$628$615$156,745
March '34$631$613$156,115
April '34$633$610$155,482
May '34$636$608$154,846
June '34$638$605$154,208
July '34$641$603$153,567
August '34$643$600$152,924
September '34$646$598$152,279
October '34$648$595$151,631
November '34$651$593$150,980
December '34$653$590$150,327
January '35$656$588$149,671
February '35$658$585$149,013
March '35$661$582$148,352
April '35$663$580$147,688
May '35$666$577$147,022
June '35$669$575$146,353
July '35$671$572$145,682
August '35$674$569$145,008
September '35$677$567$144,332
October '35$679$564$143,652
November '35$682$561$142,971
December '35$685$559$142,286
January '36$687$556$141,599
February '36$690$553$140,909
March '36$693$551$140,216
April '36$695$548$139,521
May '36$698$545$138,823
June '36$701$543$138,123
July '36$703$540$137,419
August '36$706$537$136,713
September '36$709$534$136,004
October '36$712$532$135,292
November '36$715$529$134,578
December '36$717$526$133,860
January '37$720$523$133,140
February '37$723$520$132,417
March '37$726$518$131,691
April '37$729$515$130,963
May '37$731$512$130,231
June '37$734$509$129,497
July '37$737$506$128,760
August '37$740$503$128,020
September '37$743$500$127,277
October '37$746$497$126,531
November '37$749$495$125,782
December '37$752$492$125,031
January '38$755$489$124,276
February '38$758$486$123,518
March '38$761$483$122,758
April '38$764$480$121,994
May '38$766$477$121,228
June '38$769$474$120,458
July '38$772$471$119,686
August '38$776$468$118,910
September '38$779$465$118,132
October '38$782$462$117,350
November '38$785$459$116,566
December '38$788$456$115,778
January '39$791$452$114,987
February '39$794$449$114,193
March '39$797$446$113,396
April '39$800$443$112,596
May '39$803$440$111,793
June '39$806$437$110,987
July '39$810$434$110,177
August '39$813$431$109,364
September '39$816$427$108,549
October '39$819$424$107,730
November '39$822$421$106,907
December '39$825$418$106,082
January '40$829$415$105,253
February '40$832$411$104,421
March '40$835$408$103,586
April '40$838$405$102,748
May '40$842$402$101,906
June '40$845$398$101,061
July '40$848$395$100,213
August '40$852$392$99,361
September '40$855$388$98,506
October '40$858$385$97,648
November '40$862$382$96,786
December '40$865$378$95,921
January '41$868$375$95,053
February '41$872$371$94,181
March '41$875$368$93,306
April '41$879$365$92,427
May '41$882$361$91,545
June '41$886$358$90,659
July '41$889$354$89,770
August '41$892$351$88,878
September '41$896$347$87,982
October '41$899$344$87,083
November '41$903$340$86,180
December '41$906$337$85,273
January '42$910$333$84,363
February '42$914$330$83,450
March '42$917$326$82,533
April '42$921$323$81,612
May '42$924$319$80,688
June '42$928$315$79,760
July '42$932$312$78,828
August '42$935$308$77,893
September '42$939$304$76,954
October '42$943$301$76,011
November '42$946$297$75,065
December '42$950$293$74,115
January '43$954$290$73,162
February '43$957$286$72,204
March '43$961$282$71,243
April '43$965$278$70,278
May '43$969$275$69,310
June '43$972$271$68,337
July '43$976$267$67,361
August '43$980$263$66,381
September '43$984$259$65,397
October '43$988$256$64,410
November '43$992$252$63,418
December '43$995$248$62,423
January '44$999$244$61,423
February '44$1,003$240$60,420
March '44$1,007$236$59,413
April '44$1,011$232$58,402
May '44$1,015$228$57,387
June '44$1,019$224$56,368
July '44$1,023$220$55,345
August '44$1,027$216$54,318
September '44$1,031$212$53,287
October '44$1,035$208$52,252
November '44$1,039$204$51,213
December '44$1,043$200$50,170
January '45$1,047$196$49,122
February '45$1,051$192$48,071
March '45$1,055$188$47,016
April '45$1,060$184$45,956
May '45$1,064$180$44,893
June '45$1,068$175$43,825
July '45$1,072$171$42,753
August '45$1,076$167$41,676
September '45$1,080$163$40,596
October '45$1,085$159$39,511
November '45$1,089$154$38,423
December '45$1,093$150$37,329
January '46$1,097$146$36,232
February '46$1,102$142$35,130
March '46$1,106$137$34,024
April '46$1,110$133$32,914
May '46$1,115$129$31,799
June '46$1,119$124$30,680
July '46$1,123$120$29,557
August '46$1,128$116$28,429
September '46$1,132$111$27,297
October '46$1,137$107$26,160
November '46$1,141$102$25,019
December '46$1,146$98$23,874
January '47$1,150$93$22,724
February '47$1,154$89$21,569
March '47$1,159$84$20,410
April '47$1,164$80$19,247
May '47$1,168$75$18,079
June '47$1,173$71$16,906
July '47$1,177$66$15,729
August '47$1,182$61$14,547
September '47$1,186$57$13,361
October '47$1,191$52$12,170
November '47$1,196$48$10,974
December '47$1,200$43$9,774
January '48$1,205$38$8,569
February '48$1,210$33$7,359
March '48$1,215$29$6,144
April '48$1,219$24$4,925
May '48$1,224$19$3,701
June '48$1,229$14$2,472
July '48$1,234$10$1,238
August '48$1,238$5$0
Monthly payment
Principal & interest

$1,243

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$1,677$2,236$1,677
Mortgage Rate4.69%4.23%*4.69%*
Total interest paid
$207,584
$84,547
$207,584
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,677$2,236$1,677
Mortgage Rate4.69%4.23%*4.69%*
Total interest paid
$207,584
$84,547
$207,584
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Principal & interest

$1,243

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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.