Mortgage amortization calculator

Your amortization schedule will show you how much of your monthly mortgage payments you spend toward principal and interest.

Monthly principal & interest

$1,163

30-year fixed loan term

See how your payments change over time for your 30-year fixed loan term

At year 0

30 year fixed loan term

Remaining$240,000Principal Paid$0Interest Paid$0

Year 0
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1

30

Years

See how your payments change over time for your 30-year fixed loan term

At year 0

30 year fixed loan term

Remaining$240,000Principal Paid$0Interest Paid$0

Year 0
drag me

1

30

Years

Payment date
Principal
Interest
Balance
November '21$0$0$240,000
December '21$338$825$239,662
January '22$339$824$239,323
February '22$340$823$238,982
March '22$342$822$238,640
April '22$343$820$238,298
May '22$344$819$237,954
June '22$345$818$237,608
July '22$346$817$237,262
August '22$348$816$236,914
September '22$349$814$236,566
October '22$350$813$236,216
November '22$351$812$235,864
December '22$352$811$235,512
January '23$354$810$235,159
February '23$355$808$234,804
March '23$356$807$234,448
April '23$357$806$234,090
May '23$358$805$233,732
June '23$360$803$233,372
July '23$361$802$233,011
August '23$362$801$232,649
September '23$363$800$232,286
October '23$365$798$231,921
November '23$366$797$231,555
December '23$367$796$231,188
January '24$368$795$230,819
February '24$370$793$230,450
March '24$371$792$230,079
April '24$372$791$229,707
May '24$374$790$229,333
June '24$375$788$228,958
July '24$376$787$228,582
August '24$377$786$228,205
September '24$379$784$227,826
October '24$380$783$227,446
November '24$381$782$227,065
December '24$383$781$226,682
January '25$384$779$226,298
February '25$385$778$225,913
March '25$387$777$225,526
April '25$388$775$225,138
May '25$389$774$224,749
June '25$391$773$224,358
July '25$392$771$223,966
August '25$393$770$223,573
September '25$395$769$223,179
October '25$396$767$222,783
November '25$397$766$222,385
December '25$399$764$221,987
January '26$400$763$221,586
February '26$401$762$221,185
March '26$403$760$220,782
April '26$404$759$220,378
May '26$406$758$219,972
June '26$407$756$219,565
July '26$408$755$219,157
August '26$410$753$218,747
September '26$411$752$218,336
October '26$413$751$217,923
November '26$414$749$217,509
December '26$415$748$217,094
January '27$417$746$216,677
February '27$418$745$216,259
March '27$420$743$215,839
April '27$421$742$215,418
May '27$423$740$214,995
June '27$424$739$214,571
July '27$426$738$214,145
August '27$427$736$213,718
September '27$429$735$213,290
October '27$430$733$212,860
November '27$431$732$212,428
December '27$433$730$211,995
January '28$434$729$211,561
February '28$436$727$211,125
March '28$437$726$210,688
April '28$439$724$210,249
May '28$440$723$209,808
June '28$442$721$209,366
July '28$443$720$208,923
August '28$445$718$208,478
September '28$447$717$208,031
October '28$448$715$207,583
November '28$450$714$207,134
December '28$451$712$206,683
January '29$453$710$206,230
February '29$454$709$205,776
March '29$456$707$205,320
April '29$457$706$204,862
May '29$459$704$204,403
June '29$461$703$203,943
July '29$462$701$203,481
August '29$464$699$203,017
September '29$465$698$202,552
October '29$467$696$202,085
November '29$468$695$201,616
December '29$470$693$201,146
January '30$472$691$200,675
February '30$473$690$200,201
March '30$475$688$199,726
April '30$477$687$199,250
May '30$478$685$198,771
June '30$480$683$198,292
July '30$482$682$197,810
August '30$483$680$197,327
September '30$485$678$196,842
October '30$487$677$196,356
November '30$488$675$195,867
December '30$490$673$195,377
January '31$492$672$194,886
February '31$493$670$194,393
March '31$495$668$193,898
April '31$497$667$193,401
May '31$498$665$192,903
June '31$500$663$192,403
July '31$502$661$191,901
August '31$503$660$191,397
September '31$505$658$190,892
October '31$507$656$190,385
November '31$509$654$189,877
December '31$510$653$189,366
January '32$512$651$188,854
February '32$514$649$188,340
March '32$516$647$187,824
April '32$518$646$187,307
May '32$519$644$186,787
June '32$521$642$186,266
July '32$523$640$185,743
August '32$525$638$185,219
September '32$526$637$184,692
October '32$528$635$184,164
November '32$530$633$183,634
December '32$532$631$183,102
January '33$534$629$182,568
February '33$536$628$182,033
March '33$537$626$181,495
April '33$539$624$180,956
May '33$541$622$180,415
June '33$543$620$179,872
July '33$545$618$179,327
August '33$547$616$178,780
September '33$549$615$178,232
October '33$550$613$177,681
November '33$552$611$177,129
December '33$554$609$176,575
January '34$556$607$176,018
February '34$558$605$175,460
March '34$560$603$174,900
April '34$562$601$174,338
May '34$564$599$173,774
June '34$566$597$173,209
July '34$568$595$172,641
August '34$570$593$172,071
September '34$572$591$171,499
October '34$574$590$170,926
November '34$576$588$170,350
December '34$578$586$169,773
January '35$580$584$169,193
February '35$582$582$168,612
March '35$584$580$168,028
April '35$586$578$167,442
May '35$588$576$166,855
June '35$590$574$166,265
July '35$592$572$165,674
August '35$594$570$165,080
September '35$596$567$164,484
October '35$598$565$163,887
November '35$600$563$163,287
December '35$602$561$162,685
January '36$604$559$162,081
February '36$606$557$161,475
March '36$608$555$160,867
April '36$610$553$160,257
May '36$612$551$159,644
June '36$614$549$159,030
July '36$616$547$158,414
August '36$619$545$157,795
September '36$621$542$157,174
October '36$623$540$156,551
November '36$625$538$155,926
December '36$627$536$155,299
January '37$629$534$154,670
February '37$631$532$154,038
March '37$634$530$153,405
April '37$636$527$152,769
May '37$638$525$152,131
June '37$640$523$151,491
July '37$642$521$150,848
August '37$645$519$150,204
September '37$647$516$149,557
October '37$649$514$148,908
November '37$651$512$148,256
December '37$654$510$147,603
January '38$656$507$146,947
February '38$658$505$146,289
March '38$660$503$145,629
April '38$663$501$144,966
May '38$665$498$144,301
June '38$667$496$143,634
July '38$669$494$142,965
August '38$672$491$142,293
September '38$674$489$141,619
October '38$676$487$140,943
November '38$679$484$140,264
December '38$681$482$139,583
January '39$683$480$138,900
February '39$686$477$138,214
March '39$688$475$137,526
April '39$690$473$136,836
May '39$693$470$136,143
June '39$695$468$135,448
July '39$698$466$134,750
August '39$700$463$134,050
September '39$702$461$133,348
October '39$705$458$132,643
November '39$707$456$131,936
December '39$710$454$131,226
January '40$712$451$130,514
February '40$715$449$129,800
March '40$717$446$129,083
April '40$719$444$128,363
May '40$722$441$127,641
June '40$724$439$126,917
July '40$727$436$126,190
August '40$729$434$125,461
September '40$732$431$124,729
October '40$734$429$123,994
November '40$737$426$123,257
December '40$739$424$122,518
January '41$742$421$121,776
February '41$745$419$121,031
March '41$747$416$120,284
April '41$750$413$119,535
May '41$752$411$118,782
June '41$755$408$118,027
July '41$757$406$117,270
August '41$760$403$116,510
September '41$763$401$115,747
October '41$765$398$114,982
November '41$768$395$114,214
December '41$771$393$113,444
January '42$773$390$112,670
February '42$776$387$111,894
March '42$779$385$111,116
April '42$781$382$110,335
May '42$784$379$109,551
June '42$787$377$108,764
July '42$789$374$107,975
August '42$792$371$107,183
September '42$795$368$106,388
October '42$797$366$105,591
November '42$800$363$104,791
December '42$803$360$103,988
January '43$806$357$103,182
February '43$808$355$102,374
March '43$811$352$101,562
April '43$814$349$100,748
May '43$817$346$99,931
June '43$820$344$99,112
July '43$822$341$98,289
August '43$825$338$97,464
September '43$828$335$96,636
October '43$831$332$95,805
November '43$834$329$94,971
December '43$837$326$94,134
January '44$840$324$93,295
February '44$842$321$92,452
March '44$845$318$91,607
April '44$848$315$90,759
May '44$851$312$89,908
June '44$854$309$89,053
July '44$857$306$88,196
August '44$860$303$87,336
September '44$863$300$86,474
October '44$866$297$85,608
November '44$869$294$84,739
December '44$872$291$83,867
January '45$875$288$82,992
February '45$878$285$82,114
March '45$881$282$81,233
April '45$884$279$80,349
May '45$887$276$79,462
June '45$890$273$78,572
July '45$893$270$77,679
August '45$896$267$76,783
September '45$899$264$75,884
October '45$902$261$74,982
November '45$905$258$74,076
December '45$909$255$73,168
January '46$912$252$72,256
February '46$915$248$71,341
March '46$918$245$70,423
April '46$921$242$69,502
May '46$924$239$68,578
June '46$927$236$67,651
July '46$931$233$66,720
August '46$934$229$65,786
September '46$937$226$64,849
October '46$940$223$63,909
November '46$943$220$62,965
December '46$947$216$62,019
January '47$950$213$61,069
February '47$953$210$60,116
March '47$957$207$59,159
April '47$960$203$58,199
May '47$963$200$57,236
June '47$966$197$56,270
July '47$970$193$55,300
August '47$973$190$54,327
September '47$976$187$53,350
October '47$980$183$52,371
November '47$983$180$51,388
December '47$987$177$50,401
January '48$990$173$49,411
February '48$993$170$48,418
March '48$997$166$47,421
April '48$1,000$163$46,421
May '48$1,004$160$45,417
June '48$1,007$156$44,410
July '48$1,010$153$43,400
August '48$1,014$149$42,386
September '48$1,017$146$41,368
October '48$1,021$142$40,347
November '48$1,024$139$39,323
December '48$1,028$135$38,295
January '49$1,032$132$37,263
February '49$1,035$128$36,228
March '49$1,039$125$35,190
April '49$1,042$121$34,148
May '49$1,046$117$33,102
June '49$1,049$114$32,052
July '49$1,053$110$30,999
August '49$1,057$107$29,943
September '49$1,060$103$28,883
October '49$1,064$99$27,819
November '49$1,068$96$26,751
December '49$1,071$92$25,680
January '50$1,075$88$24,605
February '50$1,079$85$23,527
March '50$1,082$81$22,444
April '50$1,086$77$21,358
May '50$1,090$73$20,269
June '50$1,093$70$19,175
July '50$1,097$66$18,078
August '50$1,101$62$16,977
September '50$1,105$58$15,872
October '50$1,109$55$14,763
November '50$1,112$51$13,651
December '50$1,116$47$12,535
January '51$1,120$43$11,415
February '51$1,124$39$10,291
March '51$1,128$35$9,163
April '51$1,132$31$8,031
May '51$1,136$28$6,896
June '51$1,139$24$5,756
July '51$1,143$20$4,613
August '51$1,147$16$3,466
September '51$1,151$12$2,314
October '51$1,155$8$1,159
November '51$1,159$4$0
Loan Term
30-year fixed
Your Input
15-year fixed
30-year fixed
Total Monthly Payment$1,599$2,020$1,455
Mortgage Rate4.125%2.361%*3.055%*
Total interest paid$178,737$45,235$126,834
* Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

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$1,163

Loan term

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An amortization calculator enables you to take a snapshot of the interest and principal (the debt) paid in any month of the loan.

"Amortization" is a word for the way debt is repaid in a mortgage, where each monthly payment is the same (excluding taxes and insurance). In the beginning years, most of each payment goes toward interest and only a little goes to debt reduction. That ratio gradually changes, and it flips in the later years of the mortgage. This is amortization at work.

For example, if you get a $200,000 mortgage for 30 years with an interest rate of 4.25%, your monthly principal and interest payments will be $984:

Before you get a mortgage, you might want to know how much interest you will pay in total. If you already have a mortgage, you might want to know how much debt you've paid off and how much remains. Or you might want to compare different loan terms before refinancing. NerdWallet's mortgage amortization schedule calculator can help you do all of those things. It allows you to figure out:

» CALCULATE: 

To get the most out of the mortgage amortization calculator, you can personalize it with your own numbers. Fill in the data fields to the right of the graph.

The data fields contain the following inputs:

The calculator has four tabs:

House with price tag

How to interpret your results

By playing around with the mortgage amortization calculator, you can:

  • See how much money you would save in the long run by getting a shorter- term loan, whether you're buying or refinancing.
  • See how much principal you have paid at the end of each year.
  • Take the first step toward calculating how much equity you have, and whether you can cancel private mortgage insurance. Use the slider to see approximately how much principal you have paid.Add that to your down payment.If that sum is more than 20% of the home's value when you got the loan, you might be able to cancel mortgage insurance.

» MORE: Calculate how much you would save by refinancing

Can I use the mortgage amortization calculator for an adjustable rate mortgage?

Probably not. The initial interest rate term would be represented well on an amortization schedule, but after the teaser interest rate term ends, it would be difficult to account for future interest rate adjustments.

Any amortization schedule on an ARM is really just an estimate and subject to substantial change.

Why does it take so long to pay down my principal?

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.