Amortization Calculator
See how your mortgage balance decreases over time and understand how each payment is split between principal and interest.
Overview
Use this amortization calculator to see how your mortgage balance changes over time. It breaks down each monthly payment into principal and interest, helping you understand how your loan is paid off.
Benefits
- Shows how your loan balance decreases
- Helps visualize long-term payoff
- Breaks down principal vs. interest
- Helps compare loan terms
- Supports smarter financial planning
Who It’s For
- Homebuyers comparing loan terms
- Borrowers planning long-term payoff
- Anyone wanting a full payment schedule
- Homeowners reviewing refinance options
Requirements
- Loan amount
- Interest rate
- Loan term (15 or 30 years)
- Start date (optional)
How It Works
- Enter your loan amount
- Add your interest rate
- Select your loan term
- Generate your amortization schedule
- Review principal and interest breakdown
Costs
- Principal and interest
- Property taxes (optional)
- Homeowners insurance (optional)
- Mortgage insurance (if applicable)
Property Rules
- Works for all property types
- Taxes vary by location
- Insurance depends on property value
- Mortgage insurance may apply with low down payments
Next Steps
- Review your amortization schedule
- Compare loan terms
- Explore refinance options
- Plan your long-term payoff strategy
Ready to see your loan options? Start below — fast, secure, and no credit impact.