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
$1,722
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$1,000$239,712
December '18$290$999$239,422
January '19$291$998$239,131
February '19$292$996$238,839
March '19$293$995$238,546
April '19$294$994$238,252
May '19$296$993$237,956
June '19$297$991$237,659
July '19$298$990$237,361
August '19$299$989$237,062
September '19$301$988$236,761
October '19$302$987$236,459
November '19$303$985$236,156
December '19$304$984$235,852
January '20$306$983$235,546
February '20$307$981$235,239
March '20$308$980$234,931
April '20$309$979$234,621
May '20$311$978$234,311
June '20$312$976$233,998
July '20$313$975$233,685
August '20$315$974$233,370
September '20$316$972$233,054
October '20$317$971$232,737
November '20$319$970$232,418
December '20$320$968$232,098
January '21$321$967$231,777
February '21$323$966$231,455
March '21$324$964$231,131
April '21$325$963$230,805
May '21$327$962$230,479
June '21$328$960$230,151
July '21$329$959$229,821
August '21$331$958$229,490
September '21$332$956$229,158
October '21$334$955$228,825
November '21$335$953$228,490
December '21$336$952$228,153
January '22$338$951$227,816
February '22$339$949$227,476
March '22$341$948$227,136
April '22$342$946$226,794
May '22$343$945$226,451
June '22$345$944$226,106
July '22$346$942$225,759
August '22$348$941$225,412
September '22$349$939$225,063
October '22$351$938$224,712
November '22$352$936$224,360
December '22$354$935$224,006
January '23$355$933$223,651
February '23$356$932$223,295
March '23$358$930$222,937
April '23$359$929$222,577
May '23$361$927$222,216
June '23$362$926$221,854
July '23$364$924$221,490
August '23$365$923$221,125
September '23$367$921$220,758
October '23$369$920$220,389
November '23$370$918$220,019
December '23$372$917$219,647
January '24$373$915$219,274
February '24$375$914$218,899
March '24$376$912$218,523
April '24$378$911$218,145
May '24$379$909$217,766
June '24$381$907$217,385
July '24$383$906$217,002
August '24$384$904$216,618
September '24$386$903$216,232
October '24$387$901$215,845
November '24$389$899$215,456
December '24$391$898$215,065
January '25$392$896$214,673
February '25$394$894$214,279
March '25$396$893$213,883
April '25$397$891$213,486
May '25$399$890$213,087
June '25$401$888$212,687
July '25$402$886$212,285
August '25$404$885$211,881
September '25$406$883$211,475
October '25$407$881$211,068
November '25$409$879$210,659
December '25$411$878$210,248
January '26$412$876$209,836
February '26$414$874$209,422
March '26$416$873$209,006
April '26$418$871$208,589
May '26$419$869$208,170
June '26$421$867$207,749
July '26$423$866$207,326
August '26$425$864$206,901
September '26$426$862$206,475
October '26$428$860$206,047
November '26$430$859$205,617
December '26$432$857$205,185
January '27$433$855$204,752
February '27$435$853$204,317
March '27$437$851$203,880
April '27$439$849$203,441
May '27$441$848$203,000
June '27$443$846$202,558
July '27$444$844$202,113
August '27$446$842$201,667
September '27$448$840$201,219
October '27$450$838$200,769
November '27$452$837$200,317
December '27$454$835$199,863
January '28$456$833$199,408
February '28$458$831$198,950
March '28$459$829$198,491
April '28$461$827$198,030
May '28$463$825$197,566
June '28$465$823$197,101
July '28$467$821$196,634
August '28$469$819$196,165
September '28$471$817$195,694
October '28$473$815$195,221
November '28$475$813$194,746
December '28$477$811$194,269
January '29$479$809$193,790
February '29$481$807$193,309
March '29$483$805$192,826
April '29$485$803$192,341
May '29$487$801$191,854
June '29$489$799$191,365
July '29$491$797$190,874
August '29$493$795$190,381
September '29$495$793$189,886
October '29$497$791$189,389
November '29$499$789$188,890
December '29$501$787$188,389
January '30$503$785$187,885
February '30$506$783$187,380
March '30$508$781$186,872
April '30$510$779$186,362
May '30$512$777$185,850
June '30$514$774$185,336
July '30$516$772$184,820
August '30$518$770$184,302
September '30$520$768$183,781
October '30$523$766$183,259
November '30$525$764$182,734
December '30$527$761$182,207
January '31$529$759$181,678
February '31$531$757$181,147
March '31$534$755$180,613
April '31$536$753$180,077
May '31$538$750$179,539
June '31$540$748$178,999
July '31$543$746$178,456
August '31$545$744$177,911
September '31$547$741$177,364
October '31$549$739$176,815
November '31$552$737$176,263
December '31$554$734$175,709
January '32$556$732$175,153
February '32$559$730$174,595
March '32$561$727$174,034
April '32$563$725$173,470
May '32$566$723$172,905
June '32$568$720$172,337
July '32$570$718$171,767
August '32$573$716$171,194
September '32$575$713$170,619
October '32$577$711$170,041
November '32$580$709$169,462
December '32$582$706$168,879
January '33$585$704$168,295
February '33$587$701$167,707
March '33$590$699$167,118
April '33$592$696$166,526
May '33$595$694$165,931
June '33$597$691$165,334
July '33$599$689$164,735
August '33$602$686$164,133
September '33$604$684$163,528
October '33$607$681$162,921
November '33$610$679$162,312
December '33$612$676$161,700
January '34$615$674$161,085
February '34$617$671$160,468
March '34$620$669$159,848
April '34$622$666$159,226
May '34$625$663$158,601
June '34$628$661$157,973
July '34$630$658$157,343
August '34$633$656$156,710
September '34$635$653$156,075
October '34$638$650$155,437
November '34$641$648$154,796
December '34$643$645$154,153
January '35$646$642$153,507
February '35$649$640$152,858
March '35$651$637$152,207
April '35$654$634$151,552
May '35$657$631$150,896
June '35$660$629$150,236
July '35$662$626$149,574
August '35$665$623$148,908
September '35$668$620$148,240
October '35$671$618$147,570
November '35$673$615$146,896
December '35$676$612$146,220
January '36$679$609$145,541
February '36$682$606$144,859
March '36$685$604$144,174
April '36$688$601$143,486
May '36$691$598$142,796
June '36$693$595$142,103
July '36$696$592$141,406
August '36$699$589$140,707
September '36$702$586$140,005
October '36$705$583$139,300
November '36$708$580$138,592
December '36$711$577$137,881
January '37$714$575$137,167
February '37$717$572$136,450
March '37$720$569$135,731
April '37$723$566$135,008
May '37$726$563$134,282
June '37$729$560$133,553
July '37$732$556$132,821
August '37$735$553$132,086
September '37$738$550$131,348
October '37$741$547$130,607
November '37$744$544$129,863
December '37$747$541$129,116
January '38$750$538$128,365
February '38$754$535$127,612
March '38$757$532$126,855
April '38$760$529$126,095
May '38$763$525$125,332
June '38$766$522$124,566
July '38$769$519$123,797
August '38$773$516$123,024
September '38$776$513$122,248
October '38$779$509$121,469
November '38$782$506$120,687
December '38$786$503$119,902
January '39$789$500$119,113
February '39$792$496$118,321
March '39$795$493$117,525
April '39$799$490$116,727
May '39$802$486$115,925
June '39$805$483$115,119
July '39$809$480$114,311
August '39$812$476$113,499
September '39$815$473$112,683
October '39$819$470$111,864
November '39$822$466$111,042
December '39$826$463$110,216
January '40$829$459$109,387
February '40$833$456$108,555
March '40$836$452$107,719
April '40$840$449$106,879
May '40$843$445$106,036
June '40$847$442$105,189
July '40$850$438$104,339
August '40$854$435$103,486
September '40$857$431$102,629
October '40$861$428$101,768
November '40$864$424$100,903
December '40$868$420$100,035
January '41$872$417$99,164
February '41$875$413$98,289
March '41$879$410$97,410
April '41$882$406$96,527
May '41$886$402$95,641
June '41$890$399$94,751
July '41$894$395$93,858
August '41$897$391$92,961
September '41$901$387$92,059
October '41$905$384$91,155
November '41$909$380$90,246
December '41$912$376$89,334
January '42$916$372$88,418
February '42$920$368$87,498
March '42$924$365$86,574
April '42$928$361$85,646
May '42$932$357$84,715
June '42$935$353$83,779
July '42$939$349$82,840
August '42$943$345$81,897
September '42$947$341$80,950
October '42$951$337$79,999
November '42$955$333$79,044
December '42$959$329$78,085
January '43$963$325$77,122
February '43$967$321$76,154
March '43$971$317$75,183
April '43$975$313$74,208
May '43$979$309$73,229
June '43$983$305$72,246
July '43$987$301$71,259
August '43$991$297$70,267
September '43$996$293$69,271
October '43$1,000$289$68,272
November '43$1,004$284$67,268
December '43$1,008$280$66,260
January '44$1,012$276$65,247
February '44$1,017$272$64,231
March '44$1,021$268$63,210
April '44$1,025$263$62,185
May '44$1,029$259$61,156
June '44$1,034$255$60,122
July '44$1,038$251$59,085
August '44$1,042$246$58,042
September '44$1,047$242$56,996
October '44$1,051$237$55,945
November '44$1,055$233$54,890
December '44$1,060$229$53,830
January '45$1,064$224$52,766
February '45$1,069$220$51,697
March '45$1,073$215$50,624
April '45$1,077$211$49,547
May '45$1,082$206$48,465
June '45$1,086$202$47,379
July '45$1,091$197$46,288
August '45$1,096$193$45,192
September '45$1,100$188$44,092
October '45$1,105$184$42,987
November '45$1,109$179$41,878
December '45$1,114$174$40,764
January '46$1,119$170$39,646
February '46$1,123$165$38,523
March '46$1,128$161$37,395
April '46$1,133$156$36,262
May '46$1,137$151$35,125
June '46$1,142$146$33,983
July '46$1,147$142$32,836
August '46$1,152$137$31,685
September '46$1,156$132$30,528
October '46$1,161$127$29,367
November '46$1,166$122$28,201
December '46$1,171$118$27,030
January '47$1,176$113$25,854
February '47$1,181$108$24,674
March '47$1,186$103$23,488
April '47$1,191$98$22,298
May '47$1,195$93$21,102
June '47$1,200$88$19,902
July '47$1,205$83$18,696
August '47$1,210$78$17,486
September '47$1,216$73$16,270
October '47$1,221$68$15,050
November '47$1,226$63$13,824
December '47$1,231$58$12,593
January '48$1,236$52$11,357
February '48$1,241$47$10,116
March '48$1,246$42$8,870
April '48$1,251$37$7,619
May '48$1,257$32$6,362
June '48$1,262$27$5,100
July '48$1,267$21$3,833
August '48$1,272$16$2,561
September '48$1,278$11$1,283
October '48$1,283$5$0
Monthly payment
Principal & interest

$1,288

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$1,722$2,271$1,722
Mortgage Rate5.0%4.51%*5.0%*
Total interest paid
$223,814
$90,698
$223,814
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,722$2,271$1,722
Mortgage Rate5.0%4.51%*5.0%*
Total interest paid
$223,814
$90,698
$223,814
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Principal & interest

$1,288

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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.