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
$1,717
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
October '18$0$0$240,000
November '18$291$990$239,709
December '18$292$989$239,417
January '19$293$988$239,123
February '19$295$986$238,829
March '19$296$985$238,533
April '19$297$984$238,236
May '19$298$983$237,937
June '19$300$981$237,638
July '19$301$980$237,337
August '19$302$979$237,035
September '19$303$978$236,732
October '19$305$977$236,427
November '19$306$975$236,121
December '19$307$974$235,814
January '20$308$973$235,506
February '20$310$971$235,196
March '20$311$970$234,885
April '20$312$969$234,573
May '20$313$968$234,260
June '20$315$966$233,945
July '20$316$965$233,629
August '20$317$964$233,312
September '20$319$962$232,993
October '20$320$961$232,673
November '20$321$960$232,352
December '20$323$958$232,029
January '21$324$957$231,705
February '21$325$956$231,380
March '21$327$954$231,054
April '21$328$953$230,726
May '21$329$952$230,396
June '21$331$950$230,066
July '21$332$949$229,734
August '21$333$948$229,400
September '21$335$946$229,065
October '21$336$945$228,729
November '21$338$944$228,392
December '21$339$942$228,053
January '22$340$941$227,713
February '22$342$939$227,371
March '22$343$938$227,028
April '22$345$936$226,683
May '22$346$935$226,337
June '22$347$934$225,990
July '22$349$932$225,641
August '22$350$931$225,291
September '22$352$929$224,939
October '22$353$928$224,586
November '22$355$926$224,231
December '22$356$925$223,875
January '23$358$923$223,517
February '23$359$922$223,158
March '23$361$921$222,798
April '23$362$919$222,436
May '23$364$918$222,072
June '23$365$916$221,707
July '23$367$915$221,341
August '23$368$913$220,973
September '23$370$912$220,603
October '23$371$910$220,232
November '23$373$908$219,860
December '23$374$907$219,485
January '24$376$905$219,110
February '24$377$904$218,733
March '24$379$902$218,354
April '24$380$901$217,973
May '24$382$899$217,592
June '24$383$898$217,208
July '24$385$896$216,823
August '24$387$894$216,436
September '24$388$893$216,048
October '24$390$891$215,658
November '24$391$890$215,267
December '24$393$888$214,874
January '25$395$886$214,479
February '25$396$885$214,083
March '25$398$883$213,685
April '25$400$881$213,285
May '25$401$880$212,884
June '25$403$878$212,481
July '25$405$876$212,076
August '25$406$875$211,670
September '25$408$873$211,262
October '25$410$871$210,853
November '25$411$870$210,441
December '25$413$868$210,028
January '26$415$866$209,614
February '26$416$865$209,197
March '26$418$863$208,779
April '26$420$861$208,359
May '26$422$859$207,938
June '26$423$858$207,515
July '26$425$856$207,090
August '26$427$854$206,663
September '26$429$852$206,234
October '26$430$851$205,804
November '26$432$849$205,372
December '26$434$847$204,938
January '27$436$845$204,502
February '27$437$844$204,065
March '27$439$842$203,625
April '27$441$840$203,184
May '27$443$838$202,741
June '27$445$836$202,297
July '27$447$834$201,850
August '27$448$833$201,402
September '27$450$831$200,951
October '27$452$829$200,499
November '27$454$827$200,045
December '27$456$825$199,589
January '28$458$823$199,132
February '28$460$821$198,672
March '28$462$820$198,211
April '28$463$818$197,747
May '28$465$816$197,282
June '28$467$814$196,814
July '28$469$812$196,345
August '28$471$810$195,874
September '28$473$808$195,401
October '28$475$806$194,926
November '28$477$804$194,449
December '28$479$802$193,970
January '29$481$800$193,489
February '29$483$798$193,006
March '29$485$796$192,521
April '29$487$794$192,035
May '29$489$792$191,546
June '29$491$790$191,055
July '29$493$788$190,562
August '29$495$786$190,067
September '29$497$784$189,570
October '29$499$782$189,071
November '29$501$780$188,570
December '29$503$778$188,066
January '30$505$776$187,561
February '30$507$774$187,054
March '30$509$772$186,544
April '30$512$769$186,033
May '30$514$767$185,519
June '30$516$765$185,003
July '30$518$763$184,485
August '30$520$761$183,965
September '30$522$759$183,443
October '30$524$757$182,919
November '30$527$755$182,392
December '30$529$752$181,864
January '31$531$750$181,333
February '31$533$748$180,800
March '31$535$746$180,264
April '31$537$744$179,727
May '31$540$741$179,187
June '31$542$739$178,645
July '31$544$737$178,101
August '31$546$735$177,555
September '31$549$732$177,006
October '31$551$730$176,455
November '31$553$728$175,902
December '31$555$726$175,347
January '32$558$723$174,789
February '32$560$721$174,229
March '32$562$719$173,667
April '32$565$716$173,102
May '32$567$714$172,535
June '32$569$712$171,966
July '32$572$709$171,394
August '32$574$707$170,820
September '32$576$705$170,243
October '32$579$702$169,665
November '32$581$700$169,083
December '32$584$697$168,500
January '33$586$695$167,914
February '33$588$693$167,325
March '33$591$690$166,735
April '33$593$688$166,141
May '33$596$685$165,546
June '33$598$683$164,948
July '33$601$680$164,347
August '33$603$678$163,744
September '33$606$675$163,138
October '33$608$673$162,530
November '33$611$670$161,919
December '33$613$668$161,306
January '34$616$665$160,691
February '34$618$663$160,072
March '34$621$660$159,452
April '34$623$658$158,828
May '34$626$655$158,203
June '34$628$653$157,574
July '34$631$650$156,943
August '34$634$647$156,309
September '34$636$645$155,673
October '34$639$642$155,034
November '34$642$640$154,393
December '34$644$637$153,748
January '35$647$634$153,102
February '35$650$632$152,452
March '35$652$629$151,800
April '35$655$626$151,145
May '35$658$623$150,487
June '35$660$621$149,827
July '35$663$618$149,164
August '35$666$615$148,498
September '35$668$613$147,830
October '35$671$610$147,159
November '35$674$607$146,485
December '35$677$604$145,808
January '36$680$601$145,128
February '36$682$599$144,446
March '36$685$596$143,761
April '36$688$593$143,073
May '36$691$590$142,382
June '36$694$587$141,688
July '36$697$584$140,991
August '36$699$582$140,292
September '36$702$579$139,590
October '36$705$576$138,884
November '36$708$573$138,176
December '36$711$570$137,465
January '37$714$567$136,751
February '37$717$564$136,034
March '37$720$561$135,314
April '37$723$558$134,591
May '37$726$555$133,866
June '37$729$552$133,137
July '37$732$549$132,405
August '37$735$546$131,670
September '37$738$543$130,932
October '37$741$540$130,191
November '37$744$537$129,447
December '37$747$534$128,700
January '38$750$531$127,950
February '38$753$528$127,197
March '38$756$525$126,440
April '38$759$522$125,681
May '38$763$518$124,918
June '38$766$515$124,152
July '38$769$512$123,384
August '38$772$509$122,611
September '38$775$506$121,836
October '38$778$503$121,058
November '38$782$499$120,276
December '38$785$496$119,491
January '39$788$493$118,703
February '39$791$490$117,912
March '39$795$486$117,117
April '39$798$483$116,319
May '39$801$480$115,518
June '39$805$477$114,713
July '39$808$473$113,905
August '39$811$470$113,094
September '39$815$467$112,280
October '39$818$463$111,462
November '39$821$460$110,640
December '39$825$456$109,816
January '40$828$453$108,988
February '40$831$450$108,156
March '40$835$446$107,321
April '40$838$443$106,483
May '40$842$439$105,641
June '40$845$436$104,796
July '40$849$432$103,947
August '40$852$429$103,095
September '40$856$425$102,239
October '40$859$422$101,380
November '40$863$418$100,517
December '40$866$415$99,651
January '41$870$411$98,781
February '41$874$407$97,907
March '41$877$404$97,030
April '41$881$400$96,149
May '41$884$397$95,265
June '41$888$393$94,376
July '41$892$389$93,485
August '41$895$386$92,589
September '41$899$382$91,690
October '41$903$378$90,787
November '41$907$374$89,881
December '41$910$371$88,970
January '42$914$367$88,056
February '42$918$363$87,139
March '42$922$359$86,217
April '42$925$356$85,292
May '42$929$352$84,362
June '42$933$348$83,429
July '42$937$344$82,492
August '42$941$340$81,552
September '42$945$336$80,607
October '42$949$333$79,658
November '42$952$329$78,706
December '42$956$325$77,750
January '43$960$321$76,789
February '43$964$317$75,825
March '43$968$313$74,857
April '43$972$309$73,884
May '43$976$305$72,908
June '43$980$301$71,928
July '43$984$297$70,944
August '43$988$293$69,955
September '43$992$289$68,963
October '43$997$284$67,966
November '43$1,001$280$66,965
December '43$1,005$276$65,961
January '44$1,009$272$64,952
February '44$1,013$268$63,939
March '44$1,017$264$62,921
April '44$1,021$260$61,900
May '44$1,026$255$60,874
June '44$1,030$251$59,844
July '44$1,034$247$58,810
August '44$1,038$243$57,771
September '44$1,043$238$56,729
October '44$1,047$234$55,682
November '44$1,051$230$54,630
December '44$1,056$225$53,575
January '45$1,060$221$52,515
February '45$1,064$217$51,450
March '45$1,069$212$50,381
April '45$1,073$208$49,308
May '45$1,078$203$48,230
June '45$1,082$199$47,148
July '45$1,087$194$46,062
August '45$1,091$190$44,971
September '45$1,096$186$43,875
October '45$1,100$181$42,775
November '45$1,105$176$41,670
December '45$1,109$172$40,561
January '46$1,114$167$39,448
February '46$1,118$163$38,329
March '46$1,123$158$37,206
April '46$1,128$153$36,079
May '46$1,132$149$34,947
June '46$1,137$144$33,810
July '46$1,142$139$32,668
August '46$1,146$135$31,522
September '46$1,151$130$30,371
October '46$1,156$125$29,215
November '46$1,161$121$28,054
December '46$1,165$116$26,889
January '47$1,170$111$25,719
February '47$1,175$106$24,544
March '47$1,180$101$23,364
April '47$1,185$96$22,180
May '47$1,190$91$20,990
June '47$1,194$87$19,796
July '47$1,199$82$18,596
August '47$1,204$77$17,392
September '47$1,209$72$16,183
October '47$1,214$67$14,968
November '47$1,219$62$13,749
December '47$1,224$57$12,525
January '48$1,229$52$11,295
February '48$1,234$47$10,061
March '48$1,240$42$8,821
April '48$1,245$36$7,577
May '48$1,250$31$6,327
June '48$1,255$26$5,072
July '48$1,260$21$3,812
August '48$1,265$16$2,546
September '48$1,271$11$1,276
October '48$1,276$5$0
Monthly payment
Principal & interest

$1,281

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$1,717$2,268$1,717
Mortgage Rate4.95%4.47%*4.95%*
Total interest paid
$221,177
$89,815
$221,177
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,717$2,268$1,717
Mortgage Rate4.95%4.47%*4.95%*
Total interest paid
$221,177
$89,815
$221,177
Refine Results
Refine your results
Principal & interest

$1,281

Become a home buying pro
Get answers to all of your home buying questions with cheatgame.info’s home buying guide. Join today for free and get your copy.
How we got here
Determining your remaining loan balance
Determining your remaining loan balance

The cheatgame.info 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 cheatgame.info 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.