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
$1,927
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
February '19$0$0$240,000
March '19$316$900$239,684
April '19$317$899$239,367
May '19$318$898$239,048
June '19$320$896$238,729
July '19$321$895$238,408
August '19$322$894$238,086
September '19$323$893$237,763
October '19$324$892$237,438
November '19$326$890$237,113
December '19$327$889$236,786
January '20$328$888$236,458
February '20$329$887$236,128
March '20$331$885$235,798
April '20$332$884$235,466
May '20$333$883$235,133
June '20$334$882$234,799
July '20$336$880$234,463
August '20$337$879$234,126
September '20$338$878$233,788
October '20$339$877$233,449
November '20$341$875$233,108
December '20$342$874$232,766
January '21$343$873$232,423
February '21$344$872$232,079
March '21$346$870$231,733
April '21$347$869$231,386
May '21$348$868$231,038
June '21$350$866$230,688
July '21$351$865$230,337
August '21$352$864$229,985
September '21$354$862$229,631
October '21$355$861$229,276
November '21$356$860$228,920
December '21$358$858$228,562
January '22$359$857$228,203
February '22$360$856$227,843
March '22$362$854$227,481
April '22$363$853$227,118
May '22$364$852$226,754
June '22$366$850$226,388
July '22$367$849$226,021
August '22$368$848$225,653
September '22$370$846$225,283
October '22$371$845$224,912
November '22$373$843$224,539
December '22$374$842$224,165
January '23$375$841$223,790
February '23$377$839$223,413
March '23$378$838$223,035
April '23$380$836$222,655
May '23$381$835$222,274
June '23$383$834$221,891
July '23$384$832$221,507
August '23$385$831$221,122
September '23$387$829$220,735
October '23$388$828$220,347
November '23$390$826$219,957
December '23$391$825$219,566
January '24$393$823$219,173
February '24$394$822$218,779
March '24$396$820$218,383
April '24$397$819$217,986
May '24$399$817$217,588
June '24$400$816$217,188
July '24$402$814$216,786
August '24$403$813$216,383
September '24$405$811$215,978
October '24$406$810$215,572
November '24$408$808$215,165
December '24$409$807$214,755
January '25$411$805$214,345
February '25$412$804$213,932
March '25$414$802$213,519
April '25$415$801$213,103
May '25$417$799$212,686
June '25$418$798$212,268
July '25$420$796$211,848
August '25$422$794$211,426
September '25$423$793$211,003
October '25$425$791$210,578
November '25$426$790$210,152
December '25$428$788$209,724
January '26$430$786$209,294
February '26$431$785$208,863
March '26$433$783$208,430
April '26$434$782$207,996
May '26$436$780$207,560
June '26$438$778$207,122
July '26$439$777$206,683
August '26$441$775$206,242
September '26$443$773$205,799
October '26$444$772$205,355
November '26$446$770$204,909
December '26$448$768$204,461
January '27$449$767$204,012
February '27$451$765$203,561
March '27$453$763$203,108
April '27$454$762$202,654
May '27$456$760$202,198
June '27$458$758$201,740
July '27$460$757$201,280
August '27$461$755$200,819
September '27$463$753$200,356
October '27$465$751$199,891
November '27$466$750$199,425
December '27$468$748$198,957
January '28$470$746$198,487
February '28$472$744$198,015
March '28$473$743$197,542
April '28$475$741$197,066
May '28$477$739$196,589
June '28$479$737$196,111
July '28$481$735$195,630
August '28$482$734$195,147
September '28$484$732$194,663
October '28$486$730$194,177
November '28$488$728$193,689
December '28$490$726$193,200
January '29$492$724$192,708
February '29$493$723$192,215
March '29$495$721$191,719
April '29$497$719$191,222
May '29$499$717$190,723
June '29$501$715$190,223
July '29$503$713$189,720
August '29$505$711$189,215
September '29$506$710$188,709
October '29$508$708$188,200
November '29$510$706$187,690
December '29$512$704$187,178
January '30$514$702$186,664
February '30$516$700$186,148
March '30$518$698$185,630
April '30$520$696$185,110
May '30$522$694$184,588
June '30$524$692$184,064
July '30$526$690$183,538
August '30$528$688$183,010
September '30$530$686$182,481
October '30$532$684$181,949
November '30$534$682$181,415
December '30$536$680$180,879
January '31$538$678$180,342
February '31$540$676$179,802
March '31$542$674$179,260
April '31$544$672$178,716
May '31$546$670$178,170
June '31$548$668$177,623
July '31$550$666$177,073
August '31$552$664$176,521
September '31$554$662$175,966
October '31$556$660$175,410
November '31$558$658$174,852
December '31$560$656$174,292
January '32$562$654$173,729
February '32$565$651$173,165
March '32$567$649$172,598
April '32$569$647$172,029
May '32$571$645$171,458
June '32$573$643$170,885
July '32$575$641$170,310
August '32$577$639$169,733
September '32$580$636$169,153
October '32$582$634$168,571
November '32$584$632$167,987
December '32$586$630$167,401
January '33$588$628$166,813
February '33$590$626$166,223
March '33$593$623$165,630
April '33$595$621$165,035
May '33$597$619$164,438
June '33$599$617$163,838
July '33$602$614$163,237
August '33$604$612$162,633
September '33$606$610$162,027
October '33$608$608$161,418
November '33$611$605$160,807
December '33$613$603$160,194
January '34$615$601$159,579
February '34$618$598$158,961
March '34$620$596$158,342
April '34$622$594$157,719
May '34$625$591$157,095
June '34$627$589$156,468
July '34$629$587$155,838
August '34$632$584$155,207
September '34$634$582$154,573
October '34$636$580$153,936
November '34$639$577$153,298
December '34$641$575$152,656
January '35$644$572$152,013
February '35$646$570$151,367
March '35$648$568$150,718
April '35$651$565$150,068
May '35$653$563$149,414
June '35$656$560$148,759
July '35$658$558$148,100
August '35$661$555$147,440
September '35$663$553$146,777
October '35$666$550$146,111
November '35$668$548$145,443
December '35$671$545$144,772
January '36$673$543$144,099
February '36$676$540$143,423
March '36$678$538$142,745
April '36$681$535$142,064
May '36$683$533$141,381
June '36$686$530$140,695
July '36$688$528$140,007
August '36$691$525$139,316
September '36$694$522$138,622
October '36$696$520$137,926
November '36$699$517$137,227
December '36$701$515$136,526
January '37$704$512$135,822
February '37$707$509$135,115
March '37$709$507$134,405
April '37$712$504$133,693
May '37$715$501$132,979
June '37$717$499$132,261
July '37$720$496$131,541
August '37$723$493$130,819
September '37$725$491$130,093
October '37$728$488$129,365
November '37$731$485$128,634
December '37$734$482$127,900
January '38$736$480$127,164
February '38$739$477$126,425
March '38$742$474$125,683
April '38$745$471$124,938
May '38$748$469$124,190
June '38$750$466$123,440
July '38$753$463$122,687
August '38$756$460$121,931
September '38$759$457$121,172
October '38$762$454$120,411
November '38$765$452$119,646
December '38$767$449$118,879
January '39$770$446$118,108
February '39$773$443$117,335
March '39$776$440$116,559
April '39$779$437$115,780
May '39$782$434$114,998
June '39$785$431$114,214
July '39$788$428$113,426
August '39$791$425$112,635
September '39$794$422$111,842
October '39$797$419$111,045
November '39$800$416$110,245
December '39$803$413$109,443
January '40$806$410$108,637
February '40$809$407$107,828
March '40$812$404$107,017
April '40$815$401$106,202
May '40$818$398$105,384
June '40$821$395$104,563
July '40$824$392$103,739
August '40$827$389$102,912
September '40$830$386$102,082
October '40$833$383$101,249
November '40$836$380$100,413
December '40$839$377$99,573
January '41$843$373$98,731
February '41$846$370$97,885
March '41$849$367$97,036
April '41$852$364$96,184
May '41$855$361$95,328
June '41$859$357$94,470
July '41$862$354$93,608
August '41$865$351$92,743
September '41$868$348$91,875
October '41$872$345$91,003
November '41$875$341$90,128
December '41$878$338$89,250
January '42$881$335$88,369
February '42$885$331$87,484
March '42$888$328$86,596
April '42$891$325$85,705
May '42$895$321$84,810
June '42$898$318$83,912
July '42$901$315$83,011
August '42$905$311$82,106
September '42$908$308$81,198
October '42$912$304$80,286
November '42$915$301$79,371
December '42$918$298$78,453
January '43$922$294$77,531
February '43$925$291$76,606
March '43$929$287$75,677
April '43$932$284$74,745
May '43$936$280$73,809
June '43$939$277$72,870
July '43$943$273$71,927
August '43$946$270$70,981
September '43$950$266$70,031
October '43$953$263$69,077
November '43$957$259$68,120
December '43$961$255$67,160
January '44$964$252$66,196
February '44$968$248$65,228
March '44$971$245$64,256
April '44$975$241$63,281
May '44$979$237$62,303
June '44$982$234$61,320
July '44$986$230$60,334
August '44$990$226$59,344
September '44$994$223$58,351
October '44$997$219$57,354
November '44$1,001$215$56,353
December '44$1,005$211$55,348
January '45$1,008$208$54,339
February '45$1,012$204$53,327
March '45$1,016$200$52,311
April '45$1,020$196$51,291
May '45$1,024$192$50,267
June '45$1,028$189$49,240
July '45$1,031$185$48,209
August '45$1,035$181$47,173
September '45$1,039$177$46,134
October '45$1,043$173$45,091
November '45$1,047$169$44,044
December '45$1,051$165$42,993
January '46$1,055$161$41,938
February '46$1,059$157$40,880
March '46$1,063$153$39,817
April '46$1,067$149$38,750
May '46$1,071$145$37,679
June '46$1,075$141$36,605
July '46$1,079$137$35,526
August '46$1,083$133$34,443
September '46$1,087$129$33,356
October '46$1,091$125$32,265
November '46$1,095$121$31,170
December '46$1,099$117$30,071
January '47$1,103$113$28,968
February '47$1,107$109$27,860
March '47$1,112$104$26,749
April '47$1,116$100$25,633
May '47$1,120$96$24,513
June '47$1,124$92$23,389
July '47$1,128$88$22,261
August '47$1,133$83$21,128
September '47$1,137$79$19,991
October '47$1,141$75$18,850
November '47$1,145$71$17,705
December '47$1,150$66$16,555
January '48$1,154$62$15,401
February '48$1,158$58$14,243
March '48$1,163$53$13,080
April '48$1,167$49$11,913
May '48$1,171$45$10,742
June '48$1,176$40$9,566
July '48$1,180$36$8,386
August '48$1,185$31$7,201
September '48$1,189$27$6,012
October '48$1,193$23$4,819
November '48$1,198$18$3,621
December '48$1,202$14$2,418
January '49$1,207$9$1,212
February '49$1,212$5$0
Monthly payment
Principal & interest

$1,216

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$1,927$2,485$1,927
Mortgage Rate4.5%3.99%*4.5%*
Total interest paid
$197,776
$79,329
$197,776
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,927$2,485$1,927
Mortgage Rate4.5%3.99%*4.5%*
Total interest paid
$197,776
$79,329
$197,776
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Principal & interest

$1,216

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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.