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
August '18$0$0$240,000
September '18$306$936$239,694
October '18$307$935$239,387
November '18$308$934$239,079
December '18$309$932$238,769
January '19$311$931$238,459
February '19$312$930$238,147
March '19$313$929$237,834
April '19$314$928$237,520
May '19$316$926$237,204
June '19$317$925$236,887
July '19$318$924$236,569
August '19$319$923$236,250
September '19$320$921$235,930
October '19$322$920$235,608
November '19$323$919$235,285
December '19$324$918$234,961
January '20$326$916$234,635
February '20$327$915$234,308
March '20$328$914$233,980
April '20$329$913$233,651
May '20$331$911$233,320
June '20$332$910$232,989
July '20$333$909$232,655
August '20$334$907$232,321
September '20$336$906$231,985
October '20$337$905$231,648
November '20$338$903$231,310
December '20$340$902$230,970
January '21$341$901$230,629
February '21$342$899$230,286
March '21$344$898$229,943
April '21$345$897$229,598
May '21$346$895$229,251
June '21$348$894$228,903
July '21$349$893$228,554
August '21$350$891$228,204
September '21$352$890$227,852
October '21$353$889$227,499
November '21$355$887$227,144
December '21$356$886$226,788
January '22$357$884$226,431
February '22$359$883$226,072
March '22$360$882$225,712
April '22$362$880$225,350
May '22$363$879$224,987
June '22$364$877$224,623
July '22$366$876$224,257
August '22$367$875$223,890
September '22$369$873$223,521
October '22$370$872$223,151
November '22$372$870$222,779
December '22$373$869$222,406
January '23$374$867$222,032
February '23$376$866$221,656
March '23$377$864$221,279
April '23$379$863$220,900
May '23$380$862$220,519
June '23$382$860$220,138
July '23$383$859$219,754
August '23$385$857$219,369
September '23$386$856$218,983
October '23$388$854$218,595
November '23$389$853$218,206
December '23$391$851$217,815
January '24$392$849$217,423
February '24$394$848$217,029
March '24$395$846$216,633
April '24$397$845$216,236
May '24$399$843$215,838
June '24$400$842$215,438
July '24$402$840$215,036
August '24$403$839$214,633
September '24$405$837$214,228
October '24$406$835$213,822
November '24$408$834$213,414
December '24$410$832$213,004
January '25$411$831$212,593
February '25$413$829$212,181
March '25$414$828$211,766
April '25$416$826$211,350
May '25$418$824$210,933
June '25$419$823$210,513
July '25$421$821$210,093
August '25$422$819$209,670
September '25$424$818$209,246
October '25$426$816$208,820
November '25$427$814$208,393
December '25$429$813$207,964
January '26$431$811$207,533
February '26$432$809$207,100
March '26$434$808$206,666
April '26$436$806$206,230
May '26$438$804$205,793
June '26$439$803$205,354
July '26$441$801$204,913
August '26$443$799$204,470
September '26$444$797$204,026
October '26$446$796$203,579
November '26$448$794$203,131
December '26$450$792$202,682
January '27$451$790$202,230
February '27$453$789$201,777
March '27$455$787$201,322
April '27$457$785$200,866
May '27$458$783$200,407
June '27$460$782$199,947
July '27$462$780$199,485
August '27$464$778$199,021
September '27$466$776$198,555
October '27$467$774$198,088
November '27$469$773$197,619
December '27$471$771$197,147
January '28$473$769$196,675
February '28$475$767$196,200
March '28$477$765$195,723
April '28$479$763$195,244
May '28$480$761$194,764
June '28$482$760$194,282
July '28$484$758$193,798
August '28$486$756$193,312
September '28$488$754$192,824
October '28$490$752$192,334
November '28$492$750$191,842
December '28$494$748$191,348
January '29$496$746$190,853
February '29$498$744$190,355
March '29$499$742$189,856
April '29$501$740$189,354
May '29$503$738$188,851
June '29$505$737$188,346
July '29$507$735$187,839
August '29$509$733$187,329
September '29$511$731$186,818
October '29$513$729$186,305
November '29$515$727$185,789
December '29$517$725$185,272
January '30$519$723$184,753
February '30$521$721$184,232
March '30$523$719$183,708
April '30$525$716$183,183
May '30$527$714$182,655
June '30$529$712$182,126
July '30$532$710$181,594
August '30$534$708$181,061
September '30$536$706$180,525
October '30$538$704$179,987
November '30$540$702$179,447
December '30$542$700$178,905
January '31$544$698$178,361
February '31$546$696$177,815
March '31$548$693$177,267
April '31$551$691$176,716
May '31$553$689$176,163
June '31$555$687$175,609
July '31$557$685$175,052
August '31$559$683$174,493
September '31$561$681$173,931
October '31$564$678$173,368
November '31$566$676$172,802
December '31$568$674$172,234
January '32$570$672$171,664
February '32$572$669$171,092
March '32$575$667$170,517
April '32$577$665$169,940
May '32$579$663$169,361
June '32$581$661$168,780
July '32$584$658$168,196
August '32$586$656$167,610
September '32$588$654$167,022
October '32$590$651$166,432
November '32$593$649$165,839
December '32$595$647$165,244
January '33$597$644$164,646
February '33$600$642$164,047
March '33$602$640$163,445
April '33$604$637$162,840
May '33$607$635$162,233
June '33$609$633$161,624
July '33$612$630$161,013
August '33$614$628$160,399
September '33$616$626$159,783
October '33$619$623$159,164
November '33$621$621$158,543
December '33$624$618$157,919
January '34$626$616$157,293
February '34$628$613$156,665
March '34$631$611$156,034
April '34$633$609$155,401
May '34$636$606$154,765
June '34$638$604$154,127
July '34$641$601$153,486
August '34$643$599$152,843
September '34$646$596$152,197
October '34$648$594$151,549
November '34$651$591$150,898
December '34$653$589$150,244
January '35$656$586$149,589
February '35$658$583$148,930
March '35$661$581$148,269
April '35$664$578$147,605
May '35$666$576$146,939
June '35$669$573$146,270
July '35$671$570$145,599
August '35$674$568$144,925
September '35$677$565$144,248
October '35$679$563$143,569
November '35$682$560$142,887
December '35$685$557$142,203
January '36$687$555$141,515
February '36$690$552$140,825
March '36$693$549$140,133
April '36$695$547$139,437
May '36$698$544$138,739
June '36$701$541$138,039
July '36$703$538$137,335
August '36$706$536$136,629
September '36$709$533$135,920
October '36$712$530$135,208
November '36$715$527$134,494
December '36$717$525$133,776
January '37$720$522$133,056
February '37$723$519$132,333
March '37$726$516$131,608
April '37$729$513$130,879
May '37$731$510$130,148
June '37$734$508$129,413
July '37$737$505$128,676
August '37$740$502$127,936
September '37$743$499$127,193
October '37$746$496$126,447
November '37$749$493$125,699
December '37$752$490$124,947
January '38$755$487$124,193
February '38$757$484$123,435
March '38$760$481$122,675
April '38$763$478$121,911
May '38$766$475$121,145
June '38$769$472$120,375
July '38$772$469$119,603
August '38$775$466$118,828
September '38$778$463$118,049
October '38$781$460$117,268
November '38$785$457$116,483
December '38$788$454$115,696
January '39$791$451$114,905
February '39$794$448$114,111
March '39$797$445$113,315
April '39$800$442$112,515
May '39$803$439$111,712
June '39$806$436$110,905
July '39$809$433$110,096
August '39$812$429$109,284
September '39$816$426$108,468
October '39$819$423$107,649
November '39$822$420$106,827
December '39$825$417$106,002
January '40$828$413$105,173
February '40$832$410$104,342
March '40$835$407$103,507
April '40$838$404$102,669
May '40$841$400$101,827
June '40$845$397$100,983
July '40$848$394$100,135
August '40$851$391$99,283
September '40$855$387$98,429
October '40$858$384$97,571
November '40$861$381$96,709
December '40$865$377$95,845
January '41$868$374$94,977
February '41$871$370$94,105
March '41$875$367$93,230
April '41$878$364$92,352
May '41$882$360$91,470
June '41$885$357$90,585
July '41$889$353$89,697
August '41$892$350$88,805
September '41$896$346$87,909
October '41$899$343$87,010
November '41$903$339$86,108
December '41$906$336$85,202
January '42$910$332$84,292
February '42$913$329$83,379
March '42$917$325$82,462
April '42$920$322$81,542
May '42$924$318$80,618
June '42$927$314$79,691
July '42$931$311$78,760
August '42$935$307$77,825
September '42$938$304$76,887
October '42$942$300$75,945
November '42$946$296$74,999
December '42$949$292$74,050
January '43$953$289$73,097
February '43$957$285$72,140
March '43$961$281$71,179
April '43$964$278$70,215
May '43$968$274$69,247
June '43$972$270$68,275
July '43$976$266$67,300
August '43$979$262$66,320
September '43$983$259$65,337
October '43$987$255$64,350
November '43$991$251$63,359
December '43$995$247$62,365
January '44$999$243$61,366
February '44$1,003$239$60,363
March '44$1,006$235$59,357
April '44$1,010$231$58,347
May '44$1,014$228$57,332
June '44$1,018$224$56,314
July '44$1,022$220$55,292
August '44$1,026$216$54,266
September '44$1,030$212$53,235
October '44$1,034$208$52,201
November '44$1,038$204$51,163
December '44$1,042$200$50,121
January '45$1,046$195$49,074
February '45$1,050$191$48,024
March '45$1,055$187$46,969
April '45$1,059$183$45,911
May '45$1,063$179$44,848
June '45$1,067$175$43,781
July '45$1,071$171$42,710
August '45$1,075$167$41,634
September '45$1,079$162$40,555
October '45$1,084$158$39,471
November '45$1,088$154$38,383
December '45$1,092$150$37,291
January '46$1,096$145$36,195
February '46$1,101$141$35,094
March '46$1,105$137$33,989
April '46$1,109$133$32,880
May '46$1,114$128$31,766
June '46$1,118$124$30,648
July '46$1,122$120$29,526
August '46$1,127$115$28,399
September '46$1,131$111$27,268
October '46$1,136$106$26,133
November '46$1,140$102$24,993
December '46$1,144$97$23,848
January '47$1,149$93$22,699
February '47$1,153$89$21,546
March '47$1,158$84$20,388
April '47$1,162$80$19,226
May '47$1,167$75$18,059
June '47$1,171$70$16,888
July '47$1,176$66$15,712
August '47$1,181$61$14,531
September '47$1,185$57$13,346
October '47$1,190$52$12,156
November '47$1,194$47$10,962
December '47$1,199$43$9,763
January '48$1,204$38$8,559
February '48$1,208$33$7,350
March '48$1,213$29$6,137
April '48$1,218$24$4,919
May '48$1,223$19$3,697
June '48$1,227$14$2,469
July '48$1,232$10$1,237
August '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$2,238$1,675
Mortgage Rate4.68%4.24%*4.68%*
Total interest paid
$207,065
$84,766
$207,065
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,675$2,238$1,675
Mortgage Rate4.68%4.24%*4.68%*
Total interest paid
$207,065
$84,766
$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.