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
$1,688
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
December '18$0$0$240,000
January '19$302$950$239,698
February '19$303$949$239,395
March '19$304$948$239,091
April '19$306$946$238,785
May '19$307$945$238,478
June '19$308$944$238,170
July '19$309$943$237,861
August '19$310$942$237,551
September '19$312$940$237,239
October '19$313$939$236,926
November '19$314$938$236,612
December '19$315$937$236,297
January '20$317$935$235,980
February '20$318$934$235,662
March '20$319$933$235,343
April '20$320$932$235,023
May '20$322$930$234,701
June '20$323$929$234,378
July '20$324$928$234,054
August '20$325$926$233,728
September '20$327$925$233,402
October '20$328$924$233,073
November '20$329$923$232,744
December '20$331$921$232,413
January '21$332$920$232,081
February '21$333$919$231,748
March '21$335$917$231,414
April '21$336$916$231,078
May '21$337$915$230,740
June '21$339$913$230,402
July '21$340$912$230,062
August '21$341$911$229,720
September '21$343$909$229,378
October '21$344$908$229,034
November '21$345$907$228,688
December '21$347$905$228,342
January '22$348$904$227,994
February '22$349$902$227,644
March '22$351$901$227,293
April '22$352$900$226,941
May '22$354$898$226,587
June '22$355$897$226,232
July '22$356$896$225,876
August '22$358$894$225,518
September '22$359$893$225,159
October '22$361$891$224,798
November '22$362$890$224,436
December '22$364$888$224,072
January '23$365$887$223,707
February '23$366$886$223,341
March '23$368$884$222,973
April '23$369$883$222,604
May '23$371$881$222,233
June '23$372$880$221,861
July '23$374$878$221,487
August '23$375$877$221,112
September '23$377$875$220,735
October '23$378$874$220,357
November '23$380$872$219,977
December '23$381$871$219,596
January '24$383$869$219,213
February '24$384$868$218,829
March '24$386$866$218,443
April '24$387$865$218,056
May '24$389$863$217,667
June '24$390$862$217,277
July '24$392$860$216,885
August '24$393$859$216,491
September '24$395$857$216,096
October '24$397$855$215,700
November '24$398$854$215,302
December '24$400$852$214,902
January '25$401$851$214,501
February '25$403$849$214,098
March '25$404$847$213,693
April '25$406$846$213,287
May '25$408$844$212,879
June '25$409$843$212,470
July '25$411$841$212,059
August '25$413$839$211,647
September '25$414$838$211,232
October '25$416$836$210,817
November '25$417$834$210,399
December '25$419$833$209,980
January '26$421$831$209,559
February '26$422$830$209,137
March '26$424$828$208,713
April '26$426$826$208,287
May '26$427$824$207,859
June '26$429$823$207,430
July '26$431$821$206,999
August '26$433$819$206,567
September '26$434$818$206,132
October '26$436$816$205,696
November '26$438$814$205,259
December '26$439$812$204,819
January '27$441$811$204,378
February '27$443$809$203,935
March '27$445$807$203,490
April '27$446$805$203,044
May '27$448$804$202,596
June '27$450$802$202,146
July '27$452$800$201,694
August '27$454$798$201,240
September '27$455$797$200,785
October '27$457$795$200,328
November '27$459$793$199,869
December '27$461$791$199,408
January '28$463$789$198,945
February '28$464$787$198,481
March '28$466$786$198,014
April '28$468$784$197,546
May '28$470$782$197,076
June '28$472$780$196,604
July '28$474$778$196,131
August '28$476$776$195,655
September '28$477$774$195,178
October '28$479$773$194,698
November '28$481$771$194,217
December '28$483$769$193,734
January '29$485$767$193,249
February '29$487$765$192,762
March '29$489$763$192,273
April '29$491$761$191,782
May '29$493$759$191,289
June '29$495$757$190,794
July '29$497$755$190,298
August '29$499$753$189,799
September '29$501$751$189,298
October '29$503$749$188,796
November '29$505$747$188,291
December '29$507$745$187,784
January '30$509$743$187,276
February '30$511$741$186,765
March '30$513$739$186,252
April '30$515$737$185,738
May '30$517$735$185,221
June '30$519$733$184,702
July '30$521$731$184,181
August '30$523$729$183,658
September '30$525$727$183,133
October '30$527$725$182,606
November '30$529$723$182,077
December '30$531$721$181,546
January '31$533$719$181,013
February '31$535$717$180,477
March '31$538$714$179,940
April '31$540$712$179,400
May '31$542$710$178,858
June '31$544$708$178,314
July '31$546$706$177,768
August '31$548$704$177,220
September '31$550$701$176,669
October '31$553$699$176,117
November '31$555$697$175,562
December '31$557$695$175,005
January '32$559$693$174,446
February '32$561$691$173,884
March '32$564$688$173,320
April '32$566$686$172,755
May '32$568$684$172,186
June '32$570$682$171,616
July '32$573$679$171,043
August '32$575$677$170,468
September '32$577$675$169,891
October '32$579$672$169,312
November '32$582$670$168,730
December '32$584$668$168,146
January '33$586$666$167,560
February '33$589$663$166,971
March '33$591$661$166,380
April '33$593$659$165,787
May '33$596$656$165,191
June '33$598$654$164,593
July '33$600$652$163,992
August '33$603$649$163,389
September '33$605$647$162,784
October '33$608$644$162,177
November '33$610$642$161,567
December '33$612$640$160,954
January '34$615$637$160,339
February '34$617$635$159,722
March '34$620$632$159,102
April '34$622$630$158,480
May '34$625$627$157,856
June '34$627$625$157,229
July '34$630$622$156,599
August '34$632$620$155,967
September '34$635$617$155,332
October '34$637$615$154,695
November '34$640$612$154,056
December '34$642$610$153,413
January '35$645$607$152,769
February '35$647$605$152,121
March '35$650$602$151,472
April '35$652$600$150,819
May '35$655$597$150,164
June '35$658$594$149,507
July '35$660$592$148,847
August '35$663$589$148,184
September '35$665$587$147,518
October '35$668$584$146,850
November '35$671$581$146,180
December '35$673$579$145,506
January '36$676$576$144,830
February '36$679$573$144,152
March '36$681$571$143,470
April '36$684$568$142,786
May '36$687$565$142,100
June '36$689$562$141,410
July '36$692$560$140,718
August '36$695$557$140,023
September '36$698$554$139,325
October '36$700$551$138,625
November '36$703$549$137,922
December '36$706$546$137,216
January '37$709$543$136,507
February '37$712$540$135,795
March '37$714$538$135,081
April '37$717$535$134,363
May '37$720$532$133,643
June '37$723$529$132,920
July '37$726$526$132,195
August '37$729$523$131,466
September '37$732$520$130,734
October '37$734$517$130,000
November '37$737$515$129,263
December '37$740$512$128,522
January '38$743$509$127,779
February '38$746$506$127,033
March '38$749$503$126,284
April '38$752$500$125,532
May '38$755$497$124,777
June '38$758$494$124,019
July '38$761$491$123,257
August '38$764$488$122,493
September '38$767$485$121,726
October '38$770$482$120,956
November '38$773$479$120,183
December '38$776$476$119,407
January '39$779$473$118,628
February '39$782$470$117,845
March '39$785$466$117,060
April '39$789$463$116,271
May '39$792$460$115,479
June '39$795$457$114,684
July '39$798$454$113,887
August '39$801$451$113,085
September '39$804$448$112,281
October '39$808$444$111,474
November '39$811$441$110,663
December '39$814$438$109,849
January '40$817$435$109,032
February '40$820$432$108,211
March '40$824$428$107,388
April '40$827$425$106,561
May '40$830$422$105,731
June '40$833$419$104,897
July '40$837$415$104,061
August '40$840$412$103,221
September '40$843$409$102,377
October '40$847$405$101,530
November '40$850$402$100,680
December '40$853$399$99,827
January '41$857$395$98,970
February '41$860$392$98,110
March '41$864$388$97,246
April '41$867$385$96,379
May '41$870$382$95,509
June '41$874$378$94,635
July '41$877$375$93,758
August '41$881$371$92,877
September '41$884$368$91,992
October '41$888$364$91,105
November '41$891$361$90,213
December '41$895$357$89,318
January '42$898$354$88,420
February '42$902$350$87,518
March '42$906$346$86,613
April '42$909$343$85,703
May '42$913$339$84,791
June '42$916$336$83,874
July '42$920$332$82,954
August '42$924$328$82,031
September '42$927$325$81,104
October '42$931$321$80,173
November '42$935$317$79,238
December '42$938$314$78,300
January '43$942$310$77,358
February '43$946$306$76,412
March '43$949$302$75,463
April '43$953$299$74,509
May '43$957$295$73,552
June '43$961$291$72,592
July '43$965$287$71,627
August '43$968$284$70,658
September '43$972$280$69,686
October '43$976$276$68,710
November '43$980$272$67,730
December '43$984$268$66,746
January '44$988$264$65,759
February '44$992$260$64,767
March '44$996$256$63,771
April '44$1,000$252$62,772
May '44$1,003$248$61,768
June '44$1,007$244$60,761
July '44$1,011$241$59,749
August '44$1,015$237$58,734
September '44$1,019$232$57,714
October '44$1,024$228$56,691
November '44$1,028$224$55,663
December '44$1,032$220$54,632
January '45$1,036$216$53,596
February '45$1,040$212$52,556
March '45$1,044$208$51,512
April '45$1,048$204$50,464
May '45$1,052$200$49,412
June '45$1,056$196$48,356
July '45$1,061$191$47,295
August '45$1,065$187$46,230
September '45$1,069$183$45,161
October '45$1,073$179$44,088
November '45$1,077$175$43,011
December '45$1,082$170$41,929
January '46$1,086$166$40,843
February '46$1,090$162$39,753
March '46$1,095$157$38,658
April '46$1,099$153$37,559
May '46$1,103$149$36,456
June '46$1,108$144$35,348
July '46$1,112$140$34,236
August '46$1,116$136$33,120
September '46$1,121$131$31,999
October '46$1,125$127$30,874
November '46$1,130$122$29,744
December '46$1,134$118$28,610
January '47$1,139$113$27,471
February '47$1,143$109$26,328
March '47$1,148$104$25,180
April '47$1,152$100$24,028
May '47$1,157$95$22,871
June '47$1,161$91$21,710
July '47$1,166$86$20,544
August '47$1,171$81$19,373
September '47$1,175$77$18,198
October '47$1,180$72$17,018
November '47$1,185$67$15,833
December '47$1,189$63$14,644
January '48$1,194$58$13,450
February '48$1,199$53$12,251
March '48$1,203$48$11,048
April '48$1,208$44$9,840
May '48$1,213$39$8,627
June '48$1,218$34$7,409
July '48$1,223$29$6,186
August '48$1,227$24$4,959
September '48$1,232$20$3,726
October '48$1,237$15$2,489
November '48$1,242$10$1,247
December '48$1,247$5$0
Monthly payment
Principal & interest

$1,252

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$1,688$2,241$1,688
Mortgage Rate4.75%4.25%*4.75%*
Total interest paid
$210,703
$84,984
$210,703
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,688$2,241$1,688
Mortgage Rate4.75%4.25%*4.75%*
Total interest paid
$210,703
$84,984
$210,703
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Principal & interest

$1,252

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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.