Mortgage Amortization Calculator
Generate a detailed amortization schedule for any mortgage.
Results
Monthly Payment
Total Interest
Payoff Date
Total Cost
Amortization Schedule
| # | Date | Payment | Principal | Interest | Balance |
|---|
What Is a Mortgage Amortization Calculator?
A mortgage amortization calculator generates a month-by-month breakdown of each payment into principal and interest, showing your remaining balance and final payoff date.
How to Use This Calculator
- Enter your loan amount, interest rate, and term.
- Select a start date for the loan.
- Click Calculate to see your monthly payment, total interest, payoff date, and the full schedule.
Frequently Asked Questions
What is amortization?
Amortization is the process of paying off a loan over time through regular payments that cover both principal and interest.
Why does interest decrease over time?
Interest is calculated on the remaining balance. As you pay down principal, the balance drops and less interest accrues each month.
Can I export the schedule?
You can select and copy the table, or use your browser's print function to save it as a PDF.
Does this include taxes and insurance?
No. This schedule shows principal and interest only. Property taxes and homeowners insurance are separate.