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
$1,681
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
June '18$0$0$240,000
July '18$304$944$239,696
August '18$305$943$239,392
September '18$306$942$239,086
October '18$307$940$238,778
November '18$308$939$238,470
December '18$310$938$238,160
January '19$311$937$237,849
February '19$312$936$237,537
March '19$313$934$237,224
April '19$315$933$236,910
May '19$316$932$236,594
June '19$317$931$236,277
July '19$318$929$235,958
August '19$320$928$235,639
September '19$321$927$235,318
October '19$322$926$234,996
November '19$323$924$234,673
December '19$325$923$234,348
January '20$326$922$234,022
February '20$327$920$233,695
March '20$328$919$233,367
April '20$330$918$233,037
May '20$331$917$232,706
June '20$332$915$232,374
July '20$334$914$232,040
August '20$335$913$231,705
September '20$336$911$231,369
October '20$338$910$231,032
November '20$339$909$230,693
December '20$340$907$230,352
January '21$342$906$230,011
February '21$343$905$229,668
March '21$344$903$229,324
April '21$346$902$228,978
May '21$347$901$228,631
June '21$348$899$228,283
July '21$350$898$227,933
August '21$351$897$227,582
September '21$352$895$227,230
October '21$354$894$226,876
November '21$355$892$226,520
December '21$357$891$226,164
January '22$358$890$225,806
February '22$359$888$225,446
March '22$361$887$225,085
April '22$362$885$224,723
May '22$364$884$224,359
June '22$365$882$223,994
July '22$367$881$223,628
August '22$368$880$223,260
September '22$369$878$222,890
October '22$371$877$222,519
November '22$372$875$222,147
December '22$374$874$221,773
January '23$375$872$221,398
February '23$377$871$221,021
March '23$378$869$220,643
April '23$380$868$220,263
May '23$381$866$219,882
June '23$383$865$219,499
July '23$384$863$219,115
August '23$386$862$218,729
September '23$387$860$218,342
October '23$389$859$217,953
November '23$390$857$217,563
December '23$392$856$217,171
January '24$393$854$216,777
February '24$395$853$216,382
March '24$397$851$215,986
April '24$398$850$215,588
May '24$400$848$215,188
June '24$401$846$214,787
July '24$403$845$214,384
August '24$404$843$213,980
September '24$406$842$213,574
October '24$408$840$213,166
November '24$409$838$212,757
December '24$411$837$212,346
January '25$412$835$211,934
February '25$414$834$211,520
March '25$416$832$211,104
April '25$417$830$210,687
May '25$419$829$210,268
June '25$421$827$209,847
July '25$422$825$209,425
August '25$424$824$209,001
September '25$426$822$208,576
October '25$427$820$208,149
November '25$429$819$207,720
December '25$431$817$207,289
January '26$432$815$206,857
February '26$434$814$206,423
March '26$436$812$205,987
April '26$437$810$205,550
May '26$439$808$205,111
June '26$441$807$204,670
July '26$443$805$204,227
August '26$444$803$203,783
September '26$446$802$203,337
October '26$448$800$202,889
November '26$450$798$202,439
December '26$451$796$201,988
January '27$453$794$201,535
February '27$455$793$201,080
March '27$457$791$200,623
April '27$458$789$200,165
May '27$460$787$199,704
June '27$462$786$199,242
July '27$464$784$198,778
August '27$466$782$198,313
September '27$468$780$197,845
October '27$469$778$197,376
November '27$471$776$196,904
December '27$473$774$196,431
January '28$475$773$195,956
February '28$477$771$195,479
March '28$479$769$195,001
April '28$481$767$194,520
May '28$483$765$194,038
June '28$484$763$193,553
July '28$486$761$193,067
August '28$488$759$192,579
September '28$490$757$192,089
October '28$492$756$191,596
November '28$494$754$191,102
December '28$496$752$190,606
January '29$498$750$190,109
February '29$500$748$189,609
March '29$502$746$189,107
April '29$504$744$188,603
May '29$506$742$188,097
June '29$508$740$187,590
July '29$510$738$187,080
August '29$512$736$186,568
September '29$514$734$186,054
October '29$516$732$185,538
November '29$518$730$185,021
December '29$520$728$184,501
January '30$522$726$183,979
February '30$524$724$183,455
March '30$526$722$182,929
April '30$528$720$182,401
May '30$530$717$181,871
June '30$532$715$181,338
July '30$534$713$180,804
August '30$536$711$180,267
September '30$539$709$179,729
October '30$541$707$179,188
November '30$543$705$178,645
December '30$545$703$178,100
January '31$547$701$177,553
February '31$549$698$177,004
March '31$551$696$176,453
April '31$554$694$175,899
May '31$556$692$175,343
June '31$558$690$174,786
July '31$560$687$174,225
August '31$562$685$173,663
September '31$565$683$173,099
October '31$567$681$172,532
November '31$569$679$171,963
December '31$571$676$171,392
January '32$573$674$170,818
February '32$576$672$170,242
March '32$578$670$169,664
April '32$580$667$169,084
May '32$583$665$168,501
June '32$585$663$167,917
July '32$587$660$167,330
August '32$589$658$166,740
September '32$592$656$166,148
October '32$594$654$165,554
November '32$596$651$164,958
December '32$599$649$164,359
January '33$601$646$163,758
February '33$604$644$163,154
March '33$606$642$162,548
April '33$608$639$161,940
May '33$611$637$161,330
June '33$613$635$160,716
July '33$615$632$160,101
August '33$618$630$159,483
September '33$620$627$158,863
October '33$623$625$158,240
November '33$625$622$157,615
December '33$628$620$156,987
January '34$630$617$156,357
February '34$633$615$155,724
March '34$635$613$155,089
April '34$638$610$154,452
May '34$640$608$153,812
June '34$643$605$153,169
July '34$645$602$152,524
August '34$648$600$151,876
September '34$650$597$151,226
October '34$653$595$150,573
November '34$655$592$149,918
December '34$658$590$149,260
January '35$661$587$148,599
February '35$663$584$147,936
March '35$666$582$147,270
April '35$668$579$146,602
May '35$671$577$145,931
June '35$674$574$145,257
July '35$676$571$144,581
August '35$679$569$143,902
September '35$682$566$143,221
October '35$684$563$142,536
November '35$687$561$141,849
December '35$690$558$141,160
January '36$692$555$140,467
February '36$695$553$139,772
March '36$698$550$139,074
April '36$701$547$138,374
May '36$703$544$137,670
June '36$706$542$136,964
July '36$709$539$136,255
August '36$712$536$135,544
September '36$714$533$134,829
October '36$717$530$134,112
November '36$720$528$133,392
December '36$723$525$132,669
January '37$726$522$131,943
February '37$729$519$131,214
March '37$732$516$130,483
April '37$734$513$129,749
May '37$737$510$129,011
June '37$740$507$128,271
July '37$743$505$127,528
August '37$746$502$126,782
September '37$749$499$126,033
October '37$752$496$125,281
November '37$755$493$124,526
December '37$758$490$123,769
January '38$761$487$123,008
February '38$764$484$122,244
March '38$767$481$121,477
April '38$770$478$120,707
May '38$773$475$119,935
June '38$776$472$119,159
July '38$779$469$118,380
August '38$782$466$117,598
September '38$785$463$116,813
October '38$788$459$116,025
November '38$791$456$115,233
December '38$794$453$114,439
January '39$797$450$113,641
February '39$801$447$112,841
March '39$804$444$112,037
April '39$807$441$111,230
May '39$810$438$110,420
June '39$813$434$109,607
July '39$816$431$108,790
August '39$820$428$107,970
September '39$823$425$107,148
October '39$826$421$106,321
November '39$829$418$105,492
December '39$833$415$104,659
January '40$836$412$103,823
February '40$839$408$102,984
March '40$843$405$102,142
April '40$846$402$101,296
May '40$849$398$100,446
June '40$853$395$99,594
July '40$856$392$98,738
August '40$859$388$97,879
September '40$863$385$97,016
October '40$866$382$96,150
November '40$869$378$95,281
December '40$873$375$94,408
January '41$876$371$93,532
February '41$880$368$92,652
March '41$883$364$91,769
April '41$887$361$90,882
May '41$890$357$89,992
June '41$894$354$89,098
July '41$897$350$88,201
August '41$901$347$87,300
September '41$904$343$86,396
October '41$908$340$85,488
November '41$911$336$84,577
December '41$915$333$83,662
January '42$919$329$82,744
February '42$922$325$81,821
March '42$926$322$80,896
April '42$929$318$79,966
May '42$933$315$79,033
June '42$937$311$78,096
July '42$940$307$77,156
August '42$944$303$76,212
September '42$948$300$75,264
October '42$952$296$74,312
November '42$955$292$73,357
December '42$959$289$72,398
January '43$963$285$71,435
February '43$967$281$70,468
March '43$970$277$69,498
April '43$974$273$68,524
May '43$978$270$67,546
June '43$982$266$66,564
July '43$986$262$65,578
August '43$990$258$64,588
September '43$994$254$63,595
October '43$997$250$62,597
November '43$1,001$246$61,596
December '43$1,005$242$60,590
January '44$1,009$238$59,581
February '44$1,013$234$58,568
March '44$1,017$230$57,551
April '44$1,021$226$56,529
May '44$1,025$222$55,504
June '44$1,029$218$54,475
July '44$1,033$214$53,441
August '44$1,037$210$52,404
September '44$1,041$206$51,362
October '44$1,046$202$50,317
November '44$1,050$198$49,267
December '44$1,054$194$48,213
January '45$1,058$190$47,155
February '45$1,062$185$46,093
March '45$1,066$181$45,027
April '45$1,071$177$43,956
May '45$1,075$173$42,882
June '45$1,079$169$41,803
July '45$1,083$164$40,720
August '45$1,087$160$39,632
September '45$1,092$156$38,540
October '45$1,096$152$37,444
November '45$1,100$147$36,344
December '45$1,105$143$35,239
January '46$1,109$139$34,130
February '46$1,113$134$33,017
March '46$1,118$130$31,899
April '46$1,122$125$30,777
May '46$1,127$121$29,651
June '46$1,131$117$28,520
July '46$1,135$112$27,384
August '46$1,140$108$26,244
September '46$1,144$103$25,100
October '46$1,149$99$23,951
November '46$1,153$94$22,797
December '46$1,158$90$21,640
January '47$1,163$85$20,477
February '47$1,167$81$19,310
March '47$1,172$76$18,138
April '47$1,176$71$16,962
May '47$1,181$67$15,781
June '47$1,186$62$14,596
July '47$1,190$57$13,405
August '47$1,195$53$12,210
September '47$1,200$48$11,011
October '47$1,204$43$9,807
November '47$1,209$39$8,598
December '47$1,214$34$7,384
January '48$1,219$29$6,165
February '48$1,223$24$4,942
March '48$1,228$19$3,714
April '48$1,233$15$2,481
May '48$1,238$10$1,243
June '48$1,243$5$0
Monthly payment
Principal & interest

$1,248

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$1,681$2,236$1,681
Mortgage Rate4.72%4.23%*4.72%*
Total interest paid
$209,142
$84,547
$209,142
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,681$2,236$1,681
Mortgage Rate4.72%4.23%*4.72%*
Total interest paid
$209,142
$84,547
$209,142
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Principal & interest

$1,248

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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.