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
$1,686
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$303$948$239,697
February '19$304$947$239,394
March '19$305$946$239,089
April '19$306$944$238,783
May '19$307$943$238,475
June '19$309$942$238,167
July '19$310$941$237,857
August '19$311$940$237,546
September '19$312$938$237,234
October '19$313$937$236,921
November '19$315$936$236,606
December '19$316$935$236,290
January '20$317$933$235,973
February '20$318$932$235,654
March '20$320$931$235,335
April '20$321$930$235,014
May '20$322$928$234,692
June '20$323$927$234,368
July '20$325$926$234,043
August '20$326$924$233,717
September '20$327$923$233,390
October '20$329$922$233,061
November '20$330$921$232,731
December '20$331$919$232,400
January '21$333$918$232,068
February '21$334$917$231,734
March '21$335$915$231,399
April '21$336$914$231,062
May '21$338$913$230,724
June '21$339$911$230,385
July '21$340$910$230,045
August '21$342$909$229,703
September '21$343$907$229,360
October '21$345$906$229,015
November '21$346$905$228,669
December '21$347$903$228,322
January '22$349$902$227,973
February '22$350$900$227,623
March '22$351$899$227,272
April '22$353$898$226,919
May '22$354$896$226,565
June '22$356$895$226,210
July '22$357$894$225,853
August '22$358$892$225,494
September '22$360$891$225,134
October '22$361$889$224,773
November '22$363$888$224,410
December '22$364$886$224,046
January '23$366$885$223,681
February '23$367$884$223,314
March '23$368$882$222,945
April '23$370$881$222,576
May '23$371$879$222,204
June '23$373$878$221,831
July '23$374$876$221,457
August '23$376$875$221,081
September '23$377$873$220,704
October '23$379$872$220,325
November '23$380$870$219,945
December '23$382$869$219,564
January '24$383$867$219,180
February '24$385$866$218,796
March '24$386$864$218,409
April '24$388$863$218,022
May '24$389$861$217,632
June '24$391$860$217,241
July '24$392$858$216,849
August '24$394$857$216,455
September '24$396$855$216,059
October '24$397$853$215,662
November '24$399$852$215,264
December '24$400$850$214,864
January '25$402$849$214,462
February '25$403$847$214,058
March '25$405$846$213,653
April '25$407$844$213,247
May '25$408$842$212,839
June '25$410$841$212,429
July '25$411$839$212,017
August '25$413$837$211,604
September '25$415$836$211,190
October '25$416$834$210,773
November '25$418$833$210,355
December '25$420$831$209,936
January '26$421$829$209,515
February '26$423$828$209,092
March '26$425$826$208,667
April '26$426$824$208,241
May '26$428$823$207,813
June '26$430$821$207,383
July '26$431$819$206,952
August '26$433$817$206,519
September '26$435$816$206,084
October '26$436$814$205,648
November '26$438$812$205,209
December '26$440$811$204,769
January '27$442$809$204,328
February '27$443$807$203,884
March '27$445$805$203,439
April '27$447$804$202,992
May '27$449$802$202,544
June '27$450$800$202,093
July '27$452$798$201,641
August '27$454$796$201,187
September '27$456$795$200,731
October '27$458$793$200,273
November '27$459$791$199,814
December '27$461$789$199,353
January '28$463$787$198,890
February '28$465$786$198,425
March '28$467$784$197,958
April '28$469$782$197,489
May '28$470$780$197,019
June '28$472$778$196,547
July '28$474$776$196,073
August '28$476$774$195,597
September '28$478$773$195,119
October '28$480$771$194,639
November '28$482$769$194,157
December '28$484$767$193,674
January '29$485$765$193,188
February '29$487$763$192,701
March '29$489$761$192,211
April '29$491$759$191,720
May '29$493$757$191,227
June '29$495$755$190,732
July '29$497$753$190,235
August '29$499$751$189,736
September '29$501$749$189,235
October '29$503$747$188,731
November '29$505$745$188,226
December '29$507$743$187,719
January '30$509$741$187,210
February '30$511$739$186,699
March '30$513$737$186,186
April '30$515$735$185,671
May '30$517$733$185,154
June '30$519$731$184,635
July '30$521$729$184,114
August '30$523$727$183,591
September '30$525$725$183,065
October '30$527$723$182,538
November '30$529$721$182,008
December '30$532$719$181,477
January '31$534$717$180,943
February '31$536$715$180,407
March '31$538$713$179,869
April '31$540$710$179,329
May '31$542$708$178,787
June '31$544$706$178,243
July '31$546$704$177,697
August '31$549$702$177,148
September '31$551$700$176,597
October '31$553$698$176,044
November '31$555$695$175,489
December '31$557$693$174,932
January '32$560$691$174,372
February '32$562$689$173,810
March '32$564$687$173,247
April '32$566$684$172,680
May '32$568$682$172,112
June '32$571$680$171,541
July '32$573$678$170,968
August '32$575$675$170,393
September '32$577$673$169,816
October '32$580$671$169,236
November '32$582$668$168,654
December '32$584$666$168,070
January '33$587$664$167,483
February '33$589$662$166,894
March '33$591$659$166,303
April '33$594$657$165,709
May '33$596$655$165,113
June '33$598$652$164,515
July '33$601$650$163,914
August '33$603$647$163,311
September '33$605$645$162,706
October '33$608$643$162,098
November '33$610$640$161,488
December '33$613$638$160,875
January '34$615$635$160,260
February '34$617$633$159,643
March '34$620$631$159,023
April '34$622$628$158,400
May '34$625$626$157,775
June '34$627$623$157,148
July '34$630$621$156,518
August '34$632$618$155,886
September '34$635$616$155,251
October '34$637$613$154,614
November '34$640$611$153,974
December '34$642$608$153,332
January '35$645$606$152,687
February '35$647$603$152,040
March '35$650$601$151,390
April '35$653$598$150,737
May '35$655$595$150,082
June '35$658$593$149,424
July '35$660$590$148,764
August '35$663$588$148,101
September '35$666$585$147,436
October '35$668$582$146,768
November '35$671$580$146,097
December '35$673$577$145,423
January '36$676$574$144,747
February '36$679$572$144,069
March '36$681$569$143,387
April '36$684$566$142,703
May '36$687$564$142,016
June '36$690$561$141,327
July '36$692$558$140,634
August '36$695$556$139,939
September '36$698$553$139,242
October '36$701$550$138,541
November '36$703$547$137,838
December '36$706$544$137,132
January '37$709$542$136,423
February '37$712$539$135,711
March '37$714$536$134,997
April '37$717$533$134,280
May '37$720$530$133,560
June '37$723$528$132,837
July '37$726$525$132,111
August '37$729$522$131,382
September '37$732$519$130,651
October '37$734$516$129,916
November '37$737$513$129,179
December '37$740$510$128,439
January '38$743$507$127,695
February '38$746$504$126,949
March '38$749$501$126,200
April '38$752$498$125,448
May '38$755$496$124,693
June '38$758$493$123,935
July '38$761$490$123,174
August '38$764$487$122,410
September '38$767$484$121,643
October '38$770$480$120,873
November '38$773$477$120,100
December '38$776$474$119,324
January '39$779$471$118,545
February '39$782$468$117,763
March '39$785$465$116,977
April '39$788$462$116,189
May '39$792$459$115,397
June '39$795$456$114,603
July '39$798$453$113,805
August '39$801$450$113,004
September '39$804$446$112,200
October '39$807$443$111,392
November '39$811$440$110,582
December '39$814$437$109,768
January '40$817$434$108,951
February '40$820$430$108,131
March '40$823$427$107,308
April '40$827$424$106,481
May '40$830$421$105,651
June '40$833$417$104,818
July '40$836$414$103,981
August '40$840$411$103,142
September '40$843$407$102,299
October '40$846$404$101,452
November '40$850$401$100,602
December '40$853$397$99,749
January '41$856$394$98,893
February '41$860$391$98,033
March '41$863$387$97,170
April '41$867$384$96,303
May '41$870$380$95,433
June '41$874$377$94,559
July '41$877$374$93,682
August '41$880$370$92,802
September '41$884$367$91,918
October '41$887$363$91,030
November '41$891$360$90,140
December '41$894$356$89,245
January '42$898$353$88,347
February '42$902$349$87,446
March '42$905$345$86,540
April '42$909$342$85,632
May '42$912$338$84,720
June '42$916$335$83,804
July '42$919$331$82,884
August '42$923$327$81,961
September '42$927$324$81,034
October '42$930$320$80,104
November '42$934$316$79,170
December '42$938$313$78,232
January '43$941$309$77,290
February '43$945$305$76,345
March '43$949$302$75,396
April '43$953$298$74,444
May '43$956$294$73,487
June '43$960$290$72,527
July '43$964$286$71,563
August '43$968$283$70,595
September '43$972$279$69,623
October '43$975$275$68,648
November '43$979$271$67,669
December '43$983$267$66,685
January '44$987$263$65,698
February '44$991$260$64,707
March '44$995$256$63,712
April '44$999$252$62,714
May '44$1,003$248$61,711
June '44$1,007$244$60,704
July '44$1,011$240$59,693
August '44$1,015$236$58,679
September '44$1,019$232$57,660
October '44$1,023$228$56,637
November '44$1,027$224$55,610
December '44$1,031$220$54,579
January '45$1,035$216$53,545
February '45$1,039$212$52,505
March '45$1,043$207$51,462
April '45$1,047$203$50,415
May '45$1,051$199$49,364
June '45$1,056$195$48,308
July '45$1,060$191$47,249
August '45$1,064$187$46,185
September '45$1,068$182$45,117
October '45$1,072$178$44,044
November '45$1,077$174$42,968
December '45$1,081$170$41,887
January '46$1,085$165$40,802
February '46$1,089$161$39,713
March '46$1,094$157$38,619
April '46$1,098$153$37,521
May '46$1,102$148$36,419
June '46$1,107$144$35,312
July '46$1,111$139$34,201
August '46$1,115$135$33,086
September '46$1,120$131$31,966
October '46$1,124$126$30,842
November '46$1,129$122$29,713
December '46$1,133$117$28,580
January '47$1,138$113$27,442
February '47$1,142$108$26,300
March '47$1,147$104$25,153
April '47$1,151$99$24,002
May '47$1,156$95$22,847
June '47$1,160$90$21,686
July '47$1,165$86$20,521
August '47$1,169$81$19,352
September '47$1,174$76$18,178
October '47$1,179$72$16,999
November '47$1,183$67$15,816
December '47$1,188$62$14,628
January '48$1,193$58$13,435
February '48$1,197$53$12,238
March '48$1,202$48$11,035
April '48$1,207$44$9,829
May '48$1,212$39$8,617
June '48$1,216$34$7,400
July '48$1,221$29$6,179
August '48$1,226$24$4,953
September '48$1,231$20$3,722
October '48$1,236$15$2,486
November '48$1,241$10$1,246
December '48$1,246$5$0
Monthly payment
Principal & interest

$1,251

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$1,686$2,241$1,686
Mortgage Rate4.74%4.25%*4.74%*
Total interest paid
$210,183
$84,984
$210,183
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,686$2,241$1,686
Mortgage Rate4.74%4.25%*4.74%*
Total interest paid
$210,183
$84,984
$210,183
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Principal & interest

$1,251

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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.