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
$1,675
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
April '18$0$0$240,000
May '18$306$936$239,694
June '18$307$935$239,387
July '18$308$934$239,079
August '18$309$932$238,769
September '18$311$931$238,459
October '18$312$930$238,147
November '18$313$929$237,834
December '18$314$928$237,520
January '19$316$926$237,204
February '19$317$925$236,887
March '19$318$924$236,569
April '19$319$923$236,250
May '19$320$921$235,930
June '19$322$920$235,608
July '19$323$919$235,285
August '19$324$918$234,961
September '19$326$916$234,635
October '19$327$915$234,308
November '19$328$914$233,980
December '19$329$913$233,651
January '20$331$911$233,320
February '20$332$910$232,989
March '20$333$909$232,655
April '20$334$907$232,321
May '20$336$906$231,985
June '20$337$905$231,648
July '20$338$903$231,310
August '20$340$902$230,970
September '20$341$901$230,629
October '20$342$899$230,286
November '20$344$898$229,943
December '20$345$897$229,598
January '21$346$895$229,251
February '21$348$894$228,903
March '21$349$893$228,554
April '21$350$891$228,204
May '21$352$890$227,852
June '21$353$889$227,499
July '21$355$887$227,144
August '21$356$886$226,788
September '21$357$884$226,431
October '21$359$883$226,072
November '21$360$882$225,712
December '21$362$880$225,350
January '22$363$879$224,987
February '22$364$877$224,623
March '22$366$876$224,257
April '22$367$875$223,890
May '22$369$873$223,521
June '22$370$872$223,151
July '22$372$870$222,779
August '22$373$869$222,406
September '22$374$867$222,032
October '22$376$866$221,656
November '22$377$864$221,279
December '22$379$863$220,900
January '23$380$862$220,519
February '23$382$860$220,138
March '23$383$859$219,754
April '23$385$857$219,369
May '23$386$856$218,983
June '23$388$854$218,595
July '23$389$853$218,206
August '23$391$851$217,815
September '23$392$849$217,423
October '23$394$848$217,029
November '23$395$846$216,633
December '23$397$845$216,236
January '24$399$843$215,838
February '24$400$842$215,438
March '24$402$840$215,036
April '24$403$839$214,633
May '24$405$837$214,228
June '24$406$835$213,822
July '24$408$834$213,414
August '24$410$832$213,004
September '24$411$831$212,593
October '24$413$829$212,181
November '24$414$828$211,766
December '24$416$826$211,350
January '25$418$824$210,933
February '25$419$823$210,513
March '25$421$821$210,093
April '25$422$819$209,670
May '25$424$818$209,246
June '25$426$816$208,820
July '25$427$814$208,393
August '25$429$813$207,964
September '25$431$811$207,533
October '25$432$809$207,100
November '25$434$808$206,666
December '25$436$806$206,230
January '26$438$804$205,793
February '26$439$803$205,354
March '26$441$801$204,913
April '26$443$799$204,470
May '26$444$797$204,026
June '26$446$796$203,579
July '26$448$794$203,131
August '26$450$792$202,682
September '26$451$790$202,230
October '26$453$789$201,777
November '26$455$787$201,322
December '26$457$785$200,866
January '27$458$783$200,407
February '27$460$782$199,947
March '27$462$780$199,485
April '27$464$778$199,021
May '27$466$776$198,555
June '27$467$774$198,088
July '27$469$773$197,619
August '27$471$771$197,147
September '27$473$769$196,675
October '27$475$767$196,200
November '27$477$765$195,723
December '27$479$763$195,244
January '28$480$761$194,764
February '28$482$760$194,282
March '28$484$758$193,798
April '28$486$756$193,312
May '28$488$754$192,824
June '28$490$752$192,334
July '28$492$750$191,842
August '28$494$748$191,348
September '28$496$746$190,853
October '28$498$744$190,355
November '28$499$742$189,856
December '28$501$740$189,354
January '29$503$738$188,851
February '29$505$737$188,346
March '29$507$735$187,839
April '29$509$733$187,329
May '29$511$731$186,818
June '29$513$729$186,305
July '29$515$727$185,789
August '29$517$725$185,272
September '29$519$723$184,753
October '29$521$721$184,232
November '29$523$719$183,708
December '29$525$716$183,183
January '30$527$714$182,655
February '30$529$712$182,126
March '30$532$710$181,594
April '30$534$708$181,061
May '30$536$706$180,525
June '30$538$704$179,987
July '30$540$702$179,447
August '30$542$700$178,905
September '30$544$698$178,361
October '30$546$696$177,815
November '30$548$693$177,267
December '30$551$691$176,716
January '31$553$689$176,163
February '31$555$687$175,609
March '31$557$685$175,052
April '31$559$683$174,493
May '31$561$681$173,931
June '31$564$678$173,368
July '31$566$676$172,802
August '31$568$674$172,234
September '31$570$672$171,664
October '31$572$669$171,092
November '31$575$667$170,517
December '31$577$665$169,940
January '32$579$663$169,361
February '32$581$661$168,780
March '32$584$658$168,196
April '32$586$656$167,610
May '32$588$654$167,022
June '32$590$651$166,432
July '32$593$649$165,839
August '32$595$647$165,244
September '32$597$644$164,646
October '32$600$642$164,047
November '32$602$640$163,445
December '32$604$637$162,840
January '33$607$635$162,233
February '33$609$633$161,624
March '33$612$630$161,013
April '33$614$628$160,399
May '33$616$626$159,783
June '33$619$623$159,164
July '33$621$621$158,543
August '33$624$618$157,919
September '33$626$616$157,293
October '33$628$613$156,665
November '33$631$611$156,034
December '33$633$609$155,401
January '34$636$606$154,765
February '34$638$604$154,127
March '34$641$601$153,486
April '34$643$599$152,843
May '34$646$596$152,197
June '34$648$594$151,549
July '34$651$591$150,898
August '34$653$589$150,244
September '34$656$586$149,589
October '34$658$583$148,930
November '34$661$581$148,269
December '34$664$578$147,605
January '35$666$576$146,939
February '35$669$573$146,270
March '35$671$570$145,599
April '35$674$568$144,925
May '35$677$565$144,248
June '35$679$563$143,569
July '35$682$560$142,887
August '35$685$557$142,203
September '35$687$555$141,515
October '35$690$552$140,825
November '35$693$549$140,133
December '35$695$547$139,437
January '36$698$544$138,739
February '36$701$541$138,039
March '36$703$538$137,335
April '36$706$536$136,629
May '36$709$533$135,920
June '36$712$530$135,208
July '36$715$527$134,494
August '36$717$525$133,776
September '36$720$522$133,056
October '36$723$519$132,333
November '36$726$516$131,608
December '36$729$513$130,879
January '37$731$510$130,148
February '37$734$508$129,413
March '37$737$505$128,676
April '37$740$502$127,936
May '37$743$499$127,193
June '37$746$496$126,447
July '37$749$493$125,699
August '37$752$490$124,947
September '37$755$487$124,193
October '37$757$484$123,435
November '37$760$481$122,675
December '37$763$478$121,911
January '38$766$475$121,145
February '38$769$472$120,375
March '38$772$469$119,603
April '38$775$466$118,828
May '38$778$463$118,049
June '38$781$460$117,268
July '38$785$457$116,483
August '38$788$454$115,696
September '38$791$451$114,905
October '38$794$448$114,111
November '38$797$445$113,315
December '38$800$442$112,515
January '39$803$439$111,712
February '39$806$436$110,905
March '39$809$433$110,096
April '39$812$429$109,284
May '39$816$426$108,468
June '39$819$423$107,649
July '39$822$420$106,827
August '39$825$417$106,002
September '39$828$413$105,173
October '39$832$410$104,342
November '39$835$407$103,507
December '39$838$404$102,669
January '40$841$400$101,827
February '40$845$397$100,983
March '40$848$394$100,135
April '40$851$391$99,283
May '40$855$387$98,429
June '40$858$384$97,571
July '40$861$381$96,709
August '40$865$377$95,845
September '40$868$374$94,977
October '40$871$370$94,105
November '40$875$367$93,230
December '40$878$364$92,352
January '41$882$360$91,470
February '41$885$357$90,585
March '41$889$353$89,697
April '41$892$350$88,805
May '41$896$346$87,909
June '41$899$343$87,010
July '41$903$339$86,108
August '41$906$336$85,202
September '41$910$332$84,292
October '41$913$329$83,379
November '41$917$325$82,462
December '41$920$322$81,542
January '42$924$318$80,618
February '42$927$314$79,691
March '42$931$311$78,760
April '42$935$307$77,825
May '42$938$304$76,887
June '42$942$300$75,945
July '42$946$296$74,999
August '42$949$292$74,050
September '42$953$289$73,097
October '42$957$285$72,140
November '42$961$281$71,179
December '42$964$278$70,215
January '43$968$274$69,247
February '43$972$270$68,275
March '43$976$266$67,300
April '43$979$262$66,320
May '43$983$259$65,337
June '43$987$255$64,350
July '43$991$251$63,359
August '43$995$247$62,365
September '43$999$243$61,366
October '43$1,003$239$60,363
November '43$1,006$235$59,357
December '43$1,010$231$58,347
January '44$1,014$228$57,332
February '44$1,018$224$56,314
March '44$1,022$220$55,292
April '44$1,026$216$54,266
May '44$1,030$212$53,235
June '44$1,034$208$52,201
July '44$1,038$204$51,163
August '44$1,042$200$50,121
September '44$1,046$195$49,074
October '44$1,050$191$48,024
November '44$1,055$187$46,969
December '44$1,059$183$45,911
January '45$1,063$179$44,848
February '45$1,067$175$43,781
March '45$1,071$171$42,710
April '45$1,075$167$41,634
May '45$1,079$162$40,555
June '45$1,084$158$39,471
July '45$1,088$154$38,383
August '45$1,092$150$37,291
September '45$1,096$145$36,195
October '45$1,101$141$35,094
November '45$1,105$137$33,989
December '45$1,109$133$32,880
January '46$1,114$128$31,766
February '46$1,118$124$30,648
March '46$1,122$120$29,526
April '46$1,127$115$28,399
May '46$1,131$111$27,268
June '46$1,136$106$26,133
July '46$1,140$102$24,993
August '46$1,144$97$23,848
September '46$1,149$93$22,699
October '46$1,153$89$21,546
November '46$1,158$84$20,388
December '46$1,162$80$19,226
January '47$1,167$75$18,059
February '47$1,171$70$16,888
March '47$1,176$66$15,712
April '47$1,181$61$14,531
May '47$1,185$57$13,346
June '47$1,190$52$12,156
July '47$1,194$47$10,962
August '47$1,199$43$9,763
September '47$1,204$38$8,559
October '47$1,208$33$7,350
November '47$1,213$29$6,137
December '47$1,218$24$4,919
January '48$1,223$19$3,697
February '48$1,227$14$2,469
March '48$1,232$10$1,237
April '48$1,237$5$0
Monthly payment
Principal & interest

$1,242

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$1,675$2,239$1,675
Mortgage Rate4.68%4.25%*4.68%*
Total interest paid
$207,065
$84,984
$207,065
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,675$2,239$1,675
Mortgage Rate4.68%4.25%*4.68%*
Total interest paid
$207,065
$84,984
$207,065
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Principal & interest

$1,242

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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.