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
$1,734
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
November '18$0$0$240,000
December '18$285$1,014$239,715
January '19$286$1,013$239,429
February '19$287$1,012$239,142
March '19$288$1,010$238,854
April '19$290$1,009$238,565
May '19$291$1,008$238,274
June '19$292$1,007$237,982
July '19$293$1,005$237,689
August '19$294$1,004$237,394
September '19$296$1,003$237,099
October '19$297$1,002$236,802
November '19$298$1,000$236,504
December '19$299$999$236,204
January '20$301$998$235,903
February '20$302$997$235,601
March '20$303$995$235,298
April '20$305$994$234,994
May '20$306$993$234,688
June '20$307$992$234,381
July '20$308$990$234,072
August '20$310$989$233,763
September '20$311$988$233,452
October '20$312$986$233,139
November '20$314$985$232,826
December '20$315$984$232,511
January '21$316$982$232,194
February '21$318$981$231,877
March '21$319$980$231,558
April '21$320$978$231,238
May '21$322$977$230,916
June '21$323$976$230,593
July '21$324$974$230,268
August '21$326$973$229,943
September '21$327$972$229,615
October '21$329$970$229,287
November '21$330$969$228,957
December '21$331$967$228,626
January '22$333$966$228,293
February '22$334$965$227,959
March '22$336$963$227,623
April '22$337$962$227,286
May '22$338$960$226,948
June '22$340$959$226,608
July '22$341$957$226,267
August '22$343$956$225,924
September '22$344$955$225,580
October '22$346$953$225,235
November '22$347$952$224,888
December '22$349$950$224,539
January '23$350$949$224,189
February '23$351$947$223,838
March '23$353$946$223,485
April '23$354$944$223,130
May '23$356$943$222,774
June '23$357$941$222,417
July '23$359$940$222,058
August '23$360$938$221,697
September '23$362$937$221,335
October '23$364$935$220,972
November '23$365$934$220,607
December '23$367$932$220,240
January '24$368$931$219,872
February '24$370$929$219,502
March '24$371$927$219,131
April '24$373$926$218,758
May '24$374$924$218,384
June '24$376$923$218,008
July '24$378$921$217,630
August '24$379$919$217,251
September '24$381$918$216,870
October '24$382$916$216,488
November '24$384$915$216,104
December '24$386$913$215,718
January '25$387$911$215,331
February '25$389$910$214,942
March '25$391$908$214,552
April '25$392$906$214,160
May '25$394$905$213,766
June '25$395$903$213,370
July '25$397$901$212,973
August '25$399$900$212,574
September '25$401$898$212,174
October '25$402$896$211,771
November '25$404$895$211,368
December '25$406$893$210,962
January '26$407$891$210,555
February '26$409$890$210,146
March '26$411$888$209,735
April '26$413$886$209,322
May '26$414$884$208,908
June '26$416$883$208,492
July '26$418$881$208,074
August '26$420$879$207,655
September '26$421$877$207,233
October '26$423$876$206,810
November '26$425$874$206,385
December '26$427$872$205,959
January '27$428$870$205,530
February '27$430$868$205,100
March '27$432$867$204,668
April '27$434$865$204,234
May '27$436$863$203,798
June '27$438$861$203,360
July '27$439$859$202,921
August '27$441$857$202,480
September '27$443$855$202,036
October '27$445$854$201,591
November '27$447$852$201,144
December '27$449$850$200,696
January '28$451$848$200,245
February '28$453$846$199,792
March '28$455$844$199,338
April '28$456$842$198,881
May '28$458$840$198,423
June '28$460$838$197,963
July '28$462$836$197,500
August '28$464$834$197,036
September '28$466$832$196,570
October '28$468$831$196,102
November '28$470$829$195,632
December '28$472$827$195,159
January '29$474$825$194,685
February '29$476$823$194,209
March '29$478$821$193,731
April '29$480$819$193,251
May '29$482$816$192,769
June '29$484$814$192,285
July '29$486$812$191,798
August '29$488$810$191,310
September '29$490$808$190,820
October '29$492$806$190,327
November '29$495$804$189,833
December '29$497$802$189,336
January '30$499$800$188,837
February '30$501$798$188,337
March '30$503$796$187,834
April '30$505$794$187,329
May '30$507$791$186,821
June '30$509$789$186,312
July '30$511$787$185,801
August '30$514$785$185,287
September '30$516$783$184,771
October '30$518$781$184,253
November '30$520$778$183,733
December '30$522$776$183,210
January '31$525$774$182,686
February '31$527$772$182,159
March '31$529$770$181,630
April '31$531$767$181,099
May '31$534$765$180,565
June '31$536$763$180,029
July '31$538$761$179,491
August '31$540$758$178,951
September '31$543$756$178,409
October '31$545$754$177,864
November '31$547$751$177,316
December '31$549$749$176,767
January '32$552$747$176,215
February '32$554$745$175,661
March '32$556$742$175,104
April '32$559$740$174,546
May '32$561$737$173,984
June '32$564$735$173,421
July '32$566$733$172,855
August '32$568$730$172,287
September '32$571$728$171,716
October '32$573$725$171,143
November '32$576$723$170,567
December '32$578$721$169,989
January '33$580$718$169,409
February '33$583$716$168,826
March '33$585$713$168,240
April '33$588$711$167,652
May '33$590$708$167,062
June '33$593$706$166,469
July '33$595$703$165,874
August '33$598$701$165,276
September '33$600$698$164,676
October '33$603$696$164,073
November '33$605$693$163,467
December '33$608$691$162,859
January '34$611$688$162,249
February '34$613$686$161,636
March '34$616$683$161,020
April '34$618$680$160,402
May '34$621$678$159,781
June '34$624$675$159,157
July '34$626$672$158,531
August '34$629$670$157,902
September '34$632$667$157,270
October '34$634$664$156,636
November '34$637$662$155,999
December '34$640$659$155,360
January '35$642$656$154,718
February '35$645$654$154,073
March '35$648$651$153,425
April '35$650$648$152,774
May '35$653$645$152,121
June '35$656$643$151,465
July '35$659$640$150,807
August '35$662$637$150,145
September '35$664$634$149,481
October '35$667$632$148,814
November '35$670$629$148,144
December '35$673$626$147,471
January '36$676$623$146,795
February '36$678$620$146,117
March '36$681$617$145,436
April '36$684$614$144,751
May '36$687$612$144,064
June '36$690$609$143,374
July '36$693$606$142,682
August '36$696$603$141,986
September '36$699$600$141,287
October '36$702$597$140,585
November '36$705$594$139,881
December '36$708$591$139,173
January '37$711$588$138,462
February '37$714$585$137,749
March '37$717$582$137,032
April '37$720$579$136,312
May '37$723$576$135,589
June '37$726$573$134,864
July '37$729$570$134,135
August '37$732$567$133,403
September '37$735$564$132,668
October '37$738$561$131,930
November '37$741$557$131,188
December '37$744$554$130,444
January '38$748$551$129,696
February '38$751$548$128,946
March '38$754$545$128,192
April '38$757$542$127,435
May '38$760$538$126,675
June '38$763$535$125,911
July '38$767$532$125,144
August '38$770$529$124,375
September '38$773$525$123,601
October '38$776$522$122,825
November '38$780$519$122,045
December '38$783$516$121,262
January '39$786$512$120,476
February '39$790$509$119,686
March '39$793$506$118,893
April '39$796$502$118,097
May '39$800$499$117,297
June '39$803$496$116,494
July '39$806$492$115,688
August '39$810$489$114,878
September '39$813$485$114,064
October '39$817$482$113,248
November '39$820$478$112,428
December '39$824$475$111,604
January '40$827$472$110,777
February '40$831$468$109,946
March '40$834$465$109,112
April '40$838$461$108,274
May '40$841$457$107,433
June '40$845$454$106,588
July '40$848$450$105,740
August '40$852$447$104,888
September '40$856$443$104,033
October '40$859$440$103,174
November '40$863$436$102,311
December '40$866$432$101,444
January '41$870$429$100,574
February '41$874$425$99,701
March '41$877$421$98,823
April '41$881$418$97,942
May '41$885$414$97,057
June '41$889$410$96,169
July '41$892$406$95,276
August '41$896$403$94,380
September '41$900$399$93,480
October '41$904$395$92,577
November '41$908$391$91,669
December '41$911$387$90,758
January '42$915$383$89,842
February '42$919$380$88,923
March '42$923$376$88,000
April '42$927$372$87,074
May '42$931$368$86,143
June '42$935$364$85,208
July '42$939$360$84,269
August '42$943$356$83,327
September '42$947$352$82,380
October '42$951$348$81,430
November '42$955$344$80,475
December '42$959$340$79,516
January '43$963$336$78,554
February '43$967$332$77,587
March '43$971$328$76,616
April '43$975$324$75,641
May '43$979$320$74,662
June '43$983$315$73,679
July '43$987$311$72,691
August '43$992$307$71,700
September '43$996$303$70,704
October '43$1,000$299$69,704
November '43$1,004$295$68,700
December '43$1,008$290$67,692
January '44$1,013$286$66,679
February '44$1,017$282$65,662
March '44$1,021$277$64,641
April '44$1,026$273$63,615
May '44$1,030$269$62,585
June '44$1,034$264$61,551
July '44$1,039$260$60,513
August '44$1,043$256$59,470
September '44$1,047$251$58,422
October '44$1,052$247$57,370
November '44$1,056$242$56,314
December '44$1,061$238$55,253
January '45$1,065$233$54,188
February '45$1,070$229$53,118
March '45$1,074$224$52,044
April '45$1,079$220$50,965
May '45$1,083$215$49,882
June '45$1,088$211$48,794
July '45$1,093$206$47,702
August '45$1,097$202$46,605
September '45$1,102$197$45,503
October '45$1,106$192$44,396
November '45$1,111$188$43,285
December '45$1,116$183$42,169
January '46$1,120$178$41,049
February '46$1,125$173$39,924
March '46$1,130$169$38,794
April '46$1,135$164$37,659
May '46$1,140$159$36,519
June '46$1,144$154$35,375
July '46$1,149$149$34,226
August '46$1,154$145$33,072
September '46$1,159$140$31,913
October '46$1,164$135$30,749
November '46$1,169$130$29,580
December '46$1,174$125$28,407
January '47$1,179$120$27,228
February '47$1,184$115$26,044
March '47$1,189$110$24,856
April '47$1,194$105$23,662
May '47$1,199$100$22,463
June '47$1,204$95$21,260
July '47$1,209$90$20,051
August '47$1,214$85$18,837
September '47$1,219$80$17,618
October '47$1,224$74$16,394
November '47$1,229$69$15,164
December '47$1,235$64$13,930
January '48$1,240$59$12,690
February '48$1,245$54$11,445
March '48$1,250$48$10,194
April '48$1,256$43$8,939
May '48$1,261$38$7,678
June '48$1,266$32$6,412
July '48$1,272$27$5,140
August '48$1,277$22$3,863
September '48$1,282$16$2,581
October '48$1,288$11$1,293
November '48$1,293$5$0
Monthly payment
Principal & interest

$1,299

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$1,734$2,279$1,734
Mortgage Rate5.07%4.56%*5.07%*
Total interest paid
$227,517
$91,803
$227,517
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,734$2,279$1,734
Mortgage Rate5.07%4.56%*5.07%*
Total interest paid
$227,517
$91,803
$227,517
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Principal & interest

$1,299

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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.