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
$1,649
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
February '19$0$0$240,000
March '19$317$896$239,683
April '19$318$895$239,364
May '19$320$894$239,045
June '19$321$892$238,724
July '19$322$891$238,402
August '19$323$890$238,079
September '19$324$889$237,755
October '19$326$888$237,429
November '19$327$886$237,102
December '19$328$885$236,774
January '20$329$884$236,445
February '20$330$883$236,115
March '20$332$881$235,783
April '20$333$880$235,450
May '20$334$879$235,116
June '20$335$878$234,780
July '20$337$877$234,444
August '20$338$875$234,106
September '20$339$874$233,766
October '20$340$873$233,426
November '20$342$871$233,084
December '20$343$870$232,741
January '21$344$869$232,397
February '21$346$868$232,051
March '21$347$866$231,705
April '21$348$865$231,356
May '21$349$864$231,007
June '21$351$862$230,656
July '21$352$861$230,304
August '21$353$860$229,951
September '21$355$858$229,596
October '21$356$857$229,240
November '21$357$856$228,883
December '21$359$854$228,524
January '22$360$853$228,164
February '22$361$852$227,802
March '22$363$850$227,440
April '22$364$849$227,076
May '22$365$848$226,710
June '22$367$846$226,343
July '22$368$845$225,975
August '22$370$844$225,606
September '22$371$842$225,235
October '22$372$841$224,862
November '22$374$839$224,489
December '22$375$838$224,114
January '23$377$837$223,737
February '23$378$835$223,359
March '23$379$834$222,980
April '23$381$832$222,599
May '23$382$831$222,217
June '23$384$830$221,833
July '23$385$828$221,448
August '23$386$827$221,062
September '23$388$825$220,674
October '23$389$824$220,285
November '23$391$822$219,894
December '23$392$821$219,502
January '24$394$819$219,108
February '24$395$818$218,713
March '24$397$817$218,316
April '24$398$815$217,918
May '24$400$814$217,518
June '24$401$812$217,117
July '24$403$811$216,714
August '24$404$809$216,310
September '24$406$808$215,905
October '24$407$806$215,498
November '24$409$805$215,089
December '24$410$803$214,679
January '25$412$801$214,267
February '25$413$800$213,854
March '25$415$798$213,439
April '25$416$797$213,023
May '25$418$795$212,605
June '25$419$794$212,185
July '25$421$792$211,764
August '25$423$791$211,341
September '25$424$789$210,917
October '25$426$787$210,492
November '25$427$786$210,064
December '25$429$784$209,635
January '26$431$783$209,205
February '26$432$781$208,772
March '26$434$779$208,339
April '26$435$778$207,903
May '26$437$776$207,466
June '26$439$775$207,028
July '26$440$773$206,587
August '26$442$771$206,145
September '26$444$770$205,702
October '26$445$768$205,257
November '26$447$766$204,810
December '26$449$765$204,361
January '27$450$763$203,911
February '27$452$761$203,459
March '27$454$760$203,005
April '27$455$758$202,550
May '27$457$756$202,093
June '27$459$754$201,634
July '27$460$753$201,174
August '27$462$751$200,712
September '27$464$749$200,248
October '27$466$748$199,782
November '27$467$746$199,315
December '27$469$744$198,846
January '28$471$742$198,375
February '28$473$741$197,902
March '28$474$739$197,428
April '28$476$737$196,952
May '28$478$735$196,474
June '28$480$734$195,994
July '28$481$732$195,513
August '28$483$730$195,030
September '28$485$728$194,544
October '28$487$726$194,058
November '28$489$724$193,569
December '28$491$723$193,078
January '29$492$721$192,586
February '29$494$719$192,092
March '29$496$717$191,596
April '29$498$715$191,098
May '29$500$713$190,598
June '29$502$712$190,096
July '29$504$710$189,593
August '29$505$708$189,088
September '29$507$706$188,580
October '29$509$704$188,071
November '29$511$702$187,560
December '29$513$700$187,047
January '30$515$698$186,532
February '30$517$696$186,015
March '30$519$694$185,497
April '30$521$693$184,976
May '30$523$691$184,453
June '30$525$689$183,929
July '30$527$687$183,402
August '30$528$685$182,874
September '30$530$683$182,343
October '30$532$681$181,811
November '30$534$679$181,276
December '30$536$677$180,740
January '31$538$675$180,202
February '31$540$673$179,661
March '31$542$671$179,119
April '31$544$669$178,574
May '31$547$667$178,028
June '31$549$665$177,479
July '31$551$663$176,928
August '31$553$661$176,376
September '31$555$658$175,821
October '31$557$656$175,264
November '31$559$654$174,705
December '31$561$652$174,144
January '32$563$650$173,581
February '32$565$648$173,016
March '32$567$646$172,449
April '32$569$644$171,880
May '32$572$642$171,308
June '32$574$640$170,734
July '32$576$637$170,159
August '32$578$635$169,581
September '32$580$633$169,001
October '32$582$631$168,418
November '32$584$629$167,834
December '32$587$627$167,247
January '33$589$624$166,659
February '33$591$622$166,067
March '33$593$620$165,474
April '33$595$618$164,879
May '33$598$616$164,281
June '33$600$613$163,681
July '33$602$611$163,079
August '33$604$609$162,475
September '33$607$607$161,868
October '33$609$604$161,259
November '33$611$602$160,648
December '33$613$600$160,035
January '34$616$597$159,419
February '34$618$595$158,801
March '34$620$593$158,181
April '34$623$591$157,558
May '34$625$588$156,933
June '34$627$586$156,306
July '34$630$584$155,676
August '34$632$581$155,044
September '34$634$579$154,410
October '34$637$576$153,773
November '34$639$574$153,134
December '34$641$572$152,492
January '35$644$569$151,848
February '35$646$567$151,202
March '35$649$564$150,553
April '35$651$562$149,902
May '35$654$560$149,249
June '35$656$557$148,593
July '35$658$555$147,934
August '35$661$552$147,273
September '35$663$550$146,610
October '35$666$547$145,944
November '35$668$545$145,276
December '35$671$542$144,605
January '36$673$540$143,932
February '36$676$537$143,256
March '36$678$535$142,577
April '36$681$532$141,897
May '36$683$530$141,213
June '36$686$527$140,527
July '36$689$525$139,839
August '36$691$522$139,147
September '36$694$519$138,454
October '36$696$517$137,757
November '36$699$514$137,059
December '36$702$512$136,357
January '37$704$509$135,653
February '37$707$506$134,946
March '37$709$504$134,237
April '37$712$501$133,525
May '37$715$498$132,810
June '37$717$496$132,093
July '37$720$493$131,373
August '37$723$490$130,650
September '37$725$488$129,924
October '37$728$485$129,196
November '37$731$482$128,465
December '37$734$480$127,732
January '38$736$477$126,995
February '38$739$474$126,256
March '38$742$471$125,515
April '38$745$469$124,770
May '38$747$466$124,023
June '38$750$463$123,272
July '38$753$460$122,519
August '38$756$457$121,764
September '38$759$455$121,005
October '38$761$452$120,244
November '38$764$449$119,479
December '38$767$446$118,712
January '39$770$443$117,942
February '39$773$440$117,169
March '39$776$437$116,394
April '39$779$435$115,615
May '39$782$432$114,833
June '39$784$429$114,049
July '39$787$426$113,261
August '39$790$423$112,471
September '39$793$420$111,678
October '39$796$417$110,881
November '39$799$414$110,082
December '39$802$411$109,280
January '40$805$408$108,475
February '40$808$405$107,667
March '40$811$402$106,855
April '40$814$399$106,041
May '40$817$396$105,224
June '40$820$393$104,403
July '40$823$390$103,580
August '40$826$387$102,753
September '40$830$384$101,924
October '40$833$381$101,091
November '40$836$377$100,255
December '40$839$374$99,417
January '41$842$371$98,574
February '41$845$368$97,729
March '41$848$365$96,881
April '41$852$362$96,029
May '41$855$359$95,175
June '41$858$355$94,317
July '41$861$352$93,456
August '41$864$349$92,592
September '41$868$346$91,724
October '41$871$342$90,853
November '41$874$339$89,979
December '41$877$336$89,102
January '42$881$333$88,221
February '42$884$329$87,338
March '42$887$326$86,450
April '42$890$323$85,560
May '42$894$319$84,666
June '42$897$316$83,769
July '42$900$313$82,869
August '42$904$309$81,965
September '42$907$306$81,058
October '42$911$303$80,147
November '42$914$299$79,233
December '42$917$296$78,316
January '43$921$292$77,395
February '43$924$289$76,471
March '43$928$285$75,543
April '43$931$282$74,612
May '43$935$279$73,677
June '43$938$275$72,739
July '43$942$272$71,797
August '43$945$268$70,852
September '43$949$265$69,904
October '43$952$261$68,951
November '43$956$257$67,996
December '43$959$254$67,036
January '44$963$250$66,073
February '44$967$247$65,107
March '44$970$243$64,137
April '44$974$239$63,163
May '44$977$236$62,185
June '44$981$232$61,204
July '44$985$228$60,220
August '44$988$225$59,231
September '44$992$221$58,239
October '44$996$217$57,244
November '44$999$214$56,244
December '44$1,003$210$55,241
January '45$1,007$206$54,234
February '45$1,011$202$53,223
March '45$1,014$199$52,209
April '45$1,018$195$51,190
May '45$1,022$191$50,168
June '45$1,026$187$49,142
July '45$1,030$183$48,113
August '45$1,034$180$47,079
September '45$1,037$176$46,042
October '45$1,041$172$45,000
November '45$1,045$168$43,955
December '45$1,049$164$42,906
January '46$1,053$160$41,853
February '46$1,057$156$40,796
March '46$1,061$152$39,735
April '46$1,065$148$38,670
May '46$1,069$144$37,602
June '46$1,073$140$36,529
July '46$1,077$136$35,452
August '46$1,081$132$34,371
September '46$1,085$128$33,286
October '46$1,089$124$32,197
November '46$1,093$120$31,104
December '46$1,097$116$30,007
January '47$1,101$112$28,906
February '47$1,105$108$27,801
March '47$1,109$104$26,691
April '47$1,114$100$25,578
May '47$1,118$95$24,460
June '47$1,122$91$23,338
July '47$1,126$87$22,212
August '47$1,130$83$21,082
September '47$1,134$79$19,947
October '47$1,139$74$18,809
November '47$1,143$70$17,666
December '47$1,147$66$16,518
January '48$1,152$62$15,367
February '48$1,156$57$14,211
March '48$1,160$53$13,051
April '48$1,164$49$11,887
May '48$1,169$44$10,718
June '48$1,173$40$9,545
July '48$1,178$36$8,367
August '48$1,182$31$7,185
September '48$1,186$27$5,999
October '48$1,191$22$4,808
November '48$1,195$18$3,613
December '48$1,200$13$2,413
January '49$1,204$9$1,209
February '49$1,209$5$0
Monthly payment
Principal & interest

$1,213

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$1,649$2,212$1,649
Mortgage Rate4.48%4.01%*4.48%*
Total interest paid
$196,750
$79,762
$196,750
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,649$2,212$1,649
Mortgage Rate4.48%4.01%*4.48%*
Total interest paid
$196,750
$79,762
$196,750
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Principal & interest

$1,213

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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.