Warning!Loan start date was in incorrect format and is replaced with today's date!

MORTGAGE AMORTIZATION CALCULATOR

This mortgage amortization calculator with extra payments calculates your monthly payment, generates the amortization table and allows to add lump sum payments and recurring payments to your calculations.

REQUIRED INFORMATION

To calculate mortgage payments, mortgage loan amount, annual interest rate, mortgage length and loan start date fields are required. These fields are also highlighted in red while they are active.

INPUT DATA

Please do not use any currency or digit grouping symbols in your values. Use dot as a decimal symbol. Dates should be entered as MM/DD for recurring and MM/DD/YYYY for non-recurring payments (eg. 08/26 or 08/26/2010)

Mortgage information:

$764.99 / payment

Your monthly payment will be $764.99 (currency irrelevant) for a $100,000.00 mortgage loan.

This amount should be paid 12 times a year for 15 years to your lender, which gives us 180 payments total.

Note that real life mortgage offers are slightly different, but still this is a pretty good estimated result of your mortgage amortization.

Mortgage amortization schedule

How do we calculate mortgage amortization:

First of all, we need to know the mortgage amount, the annual interest rate, the loan length and the pay periodicity of your mortgage. If you fill out the home value and down payment (in percentage) field, the form will automatically populate the mortgage amount field. Interest rate is the annual interest rate of your mortgage loan given in percentage. You can check the current mortgage rates here.

Additional charges:

Private Mortgage Insurance (also known as Lenders Mortgage Insurance) tends to be around $55 per month per $100.000,00 financed. This adds $55.00 to your monthly payments.

Property tax rate (also known as millage tax) varies from state to state. Average property tax in the United States is 1.38% of the assessed home value. This adds $116.67 to your monthly payments.

Note that these amounts are not included in your monthly payment.

period: date: interest paid: principal paid: remaining balance:
1 04/02/2021 $375.00 $389.99 $99,610.01
2 05/02/2021 $373.54 $391.45 $99,218.56
3 06/02/2021 $372.07 $392.92 $98,825.64
4 07/02/2021 $370.60 $394.39 $98,431.25
5 08/02/2021 $369.12 $395.87 $98,035.38
6 09/02/2021 $367.63 $397.36 $97,638.02
7 10/02/2021 $366.14 $398.85 $97,239.17
8 11/02/2021 $364.65 $400.34 $96,838.83
9 12/02/2021 $363.15 $401.84 $96,436.99
Mortgage amortization schedule for year 1 (2021):
You will spend $3,563.01 on principal $3,321.90 on interest.
period: date: interest paid: principal paid: remaining balance:
10 01/02/2022 $361.64 $403.35 $96,033.64
11 02/02/2022 $360.13 $404.86 $95,628.78
12 03/02/2022 $358.61 $406.38 $95,222.40
13 04/02/2022 $357.08 $407.91 $94,814.49
14 05/02/2022 $355.55 $409.44 $94,405.05
15 06/02/2022 $354.02 $410.97 $93,994.08
16 07/02/2022 $352.48 $412.51 $93,581.57
17 08/02/2022 $350.93 $414.06 $93,167.51
18 09/02/2022 $349.38 $415.61 $92,751.90
19 10/02/2022 $347.82 $417.17 $92,334.73
20 11/02/2022 $346.26 $418.73 $91,916.00
21 12/02/2022 $344.69 $420.30 $91,495.70
Mortgage amortization schedule for year 2 (2022):
You will spend $4,941.29 on principal $4,238.59 on interest.
period: date: interest paid: principal paid: remaining balance:
22 01/02/2023 $343.11 $421.88 $91,073.82
23 02/02/2023 $341.53 $423.46 $90,650.36
24 03/02/2023 $339.94 $425.05 $90,225.31
25 04/02/2023 $338.34 $426.65 $89,798.66
26 05/02/2023 $336.74 $428.25 $89,370.41
27 06/02/2023 $335.14 $429.85 $88,940.56
28 07/02/2023 $333.53 $431.46 $88,509.10
29 08/02/2023 $331.91 $433.08 $88,076.02
30 09/02/2023 $330.29 $434.70 $87,641.32
31 10/02/2023 $328.65 $436.34 $87,204.98
32 11/02/2023 $327.02 $437.97 $86,767.01
33 12/02/2023 $325.38 $439.61 $86,327.40
Mortgage amortization schedule for year 3 (2023):
You will spend $5,168.30 on principal $4,011.58 on interest.
period: date: interest paid: principal paid: remaining balance:
34 01/02/2024 $323.73 $441.26 $85,886.14
35 02/02/2024 $322.07 $442.92 $85,443.22
36 03/02/2024 $320.41 $444.58 $84,998.64
37 04/02/2024 $318.74 $446.25 $84,552.39
38 05/02/2024 $317.07 $447.92 $84,104.47
39 06/02/2024 $315.39 $449.60 $83,654.87
40 07/02/2024 $313.71 $451.28 $83,203.59
41 08/02/2024 $312.01 $452.98 $82,750.61
42 09/02/2024 $310.31 $454.68 $82,295.93
43 10/02/2024 $308.61 $456.38 $81,839.55
44 11/02/2024 $306.90 $458.09 $81,381.46
45 12/02/2024 $305.18 $459.81 $80,921.65
Mortgage amortization schedule for year 4 (2024):
You will spend $5,405.75 on principal $3,774.13 on interest.
period: date: interest paid: principal paid: remaining balance:
46 01/02/2025 $303.46 $461.53 $80,460.12
47 02/02/2025 $301.73 $463.26 $79,996.86
48 03/02/2025 $299.99 $465.00 $79,531.86
49 04/02/2025 $298.24 $466.75 $79,065.11
50 05/02/2025 $296.49 $468.50 $78,596.61
51 06/02/2025 $294.74 $470.25 $78,126.36
52 07/02/2025 $292.97 $472.02 $77,654.34
53 08/02/2025 $291.20 $473.79 $77,180.55
54 09/02/2025 $289.43 $475.56 $76,704.99
55 10/02/2025 $287.64 $477.35 $76,227.64
56 11/02/2025 $285.85 $479.14 $75,748.50
57 12/02/2025 $284.06 $480.93 $75,267.57
Mortgage amortization schedule for year 5 (2025):
You will spend $5,654.08 on principal $3,525.80 on interest.
period: date: interest paid: principal paid: remaining balance:
58 01/02/2026 $282.25 $482.74 $74,784.83
59 02/02/2026 $280.44 $484.55 $74,300.28
60 03/02/2026 $278.63 $486.36 $73,813.92
61 04/02/2026 $276.80 $488.19 $73,325.73
62 05/02/2026 $274.97 $490.02 $72,835.71
63 06/02/2026 $273.13 $491.86 $72,343.85
64 07/02/2026 $271.29 $493.70 $71,850.15
65 08/02/2026 $269.44 $495.55 $71,354.60
66 09/02/2026 $267.58 $497.41 $70,857.19
67 10/02/2026 $265.71 $499.28 $70,357.91
68 11/02/2026 $263.84 $501.15 $69,856.76
69 12/02/2026 $261.96 $503.03 $69,353.73
Mortgage amortization schedule for year 6 (2026):
You will spend $5,913.84 on principal $3,266.04 on interest.
period: date: interest paid: principal paid: remaining balance:
70 01/02/2027 $260.08 $504.91 $68,848.82
71 02/02/2027 $258.18 $506.81 $68,342.01
72 03/02/2027 $256.28 $508.71 $67,833.30
73 04/02/2027 $254.37 $510.62 $67,322.68
74 05/02/2027 $252.46 $512.53 $66,810.15
75 06/02/2027 $250.54 $514.45 $66,295.70
76 07/02/2027 $248.61 $516.38 $65,779.32
77 08/02/2027 $246.67 $518.32 $65,261.00
78 09/02/2027 $244.73 $520.26 $64,740.74
79 10/02/2027 $242.78 $522.21 $64,218.53
80 11/02/2027 $240.82 $524.17 $63,694.36
81 12/02/2027 $238.85 $526.14 $63,168.22
Mortgage amortization schedule for year 7 (2027):
You will spend $6,185.51 on principal $2,994.37 on interest.
period: date: interest paid: principal paid: remaining balance:
82 01/02/2028 $236.88 $528.11 $62,640.11
83 02/02/2028 $234.90 $530.09 $62,110.02
84 03/02/2028 $232.91 $532.08 $61,577.94
85 04/02/2028 $230.92 $534.07 $61,043.87
86 05/02/2028 $228.91 $536.08 $60,507.79
87 06/02/2028 $226.90 $538.09 $59,969.70
88 07/02/2028 $224.89 $540.10 $59,429.60
89 08/02/2028 $222.86 $542.13 $58,887.47
90 09/02/2028 $220.83 $544.16 $58,343.31
91 10/02/2028 $218.79 $546.20 $57,797.11
92 11/02/2028 $216.74 $548.25 $57,248.86
93 12/02/2028 $214.68 $550.31 $56,698.55
Mortgage amortization schedule for year 8 (2028):
You will spend $6,469.67 on principal $2,710.21 on interest.
period: date: interest paid: principal paid: remaining balance:
94 01/02/2029 $212.62 $552.37 $56,146.18
95 02/02/2029 $210.55 $554.44 $55,591.74
96 03/02/2029 $208.47 $556.52 $55,035.22
97 04/02/2029 $206.38 $558.61 $54,476.61
98 05/02/2029 $204.29 $560.70 $53,915.91
99 06/02/2029 $202.18 $562.81 $53,353.10
100 07/02/2029 $200.07 $564.92 $52,788.18
101 08/02/2029 $197.96 $567.03 $52,221.15
102 09/02/2029 $195.83 $569.16 $51,651.99
103 10/02/2029 $193.69 $571.30 $51,080.69
104 11/02/2029 $191.55 $573.44 $50,507.25
105 12/02/2029 $189.40 $575.59 $49,931.66
Mortgage amortization schedule for year 9 (2029):
You will spend $6,766.89 on principal $2,412.99 on interest.
period: date: interest paid: principal paid: remaining balance:
106 01/02/2030 $187.24 $577.75 $49,353.91
107 02/02/2030 $185.08 $579.91 $48,774.00
108 03/02/2030 $182.90 $582.09 $48,191.91
109 04/02/2030 $180.72 $584.27 $47,607.64
110 05/02/2030 $178.53 $586.46 $47,021.18
111 06/02/2030 $176.33 $588.66 $46,432.52
112 07/02/2030 $174.12 $590.87 $45,841.65
113 08/02/2030 $171.91 $593.08 $45,248.57
114 09/02/2030 $169.68 $595.31 $44,653.26
115 10/02/2030 $167.45 $597.54 $44,055.72
116 11/02/2030 $165.21 $599.78 $43,455.94
117 12/02/2030 $162.96 $602.03 $42,853.91
Mortgage amortization schedule for year 10 (2030):
You will spend $7,077.75 on principal $2,102.13 on interest.
period: date: interest paid: principal paid: remaining balance:
118 01/02/2031 $160.70 $604.29 $42,249.62
119 02/02/2031 $158.44 $606.55 $41,643.07
120 03/02/2031 $156.16 $608.83 $41,034.24
121 04/02/2031 $153.88 $611.11 $40,423.13
122 05/02/2031 $151.59 $613.40 $39,809.73
123 06/02/2031 $149.29 $615.70 $39,194.03
124 07/02/2031 $146.98 $618.01 $38,576.02
125 08/02/2031 $144.66 $620.33 $37,955.69
126 09/02/2031 $142.33 $622.66 $37,333.03
127 10/02/2031 $140.00 $624.99 $36,708.04
128 11/02/2031 $137.66 $627.33 $36,080.71
129 12/02/2031 $135.30 $629.69 $35,451.02
Mortgage amortization schedule for year 11 (2031):
You will spend $7,402.89 on principal $1,776.99 on interest.
period: date: interest paid: principal paid: remaining balance:
130 01/02/2032 $132.94 $632.05 $34,818.97
131 02/02/2032 $130.57 $634.42 $34,184.55
132 03/02/2032 $128.19 $636.80 $33,547.75
133 04/02/2032 $125.80 $639.19 $32,908.56
134 05/02/2032 $123.41 $641.58 $32,266.98
135 06/02/2032 $121.00 $643.99 $31,622.99
136 07/02/2032 $118.59 $646.40 $30,976.59
137 08/02/2032 $116.16 $648.83 $30,327.76
138 09/02/2032 $113.73 $651.26 $29,676.50
139 10/02/2032 $111.29 $653.70 $29,022.80
140 11/02/2032 $108.84 $656.15 $28,366.65
141 12/02/2032 $106.37 $658.62 $27,708.03
Mortgage amortization schedule for year 12 (2032):
You will spend $7,742.99 on principal $1,436.89 on interest.
period: date: interest paid: principal paid: remaining balance:
142 01/02/2033 $103.91 $661.08 $27,046.95
143 02/02/2033 $101.43 $663.56 $26,383.39
144 03/02/2033 $98.94 $666.05 $25,717.34
145 04/02/2033 $96.44 $668.55 $25,048.79
146 05/02/2033 $93.93 $671.06 $24,377.73
147 06/02/2033 $91.42 $673.57 $23,704.16
148 07/02/2033 $88.89 $676.10 $23,028.06
149 08/02/2033 $86.36 $678.63 $22,349.43
150 09/02/2033 $83.81 $681.18 $21,668.25
151 10/02/2033 $81.26 $683.73 $20,984.52
152 11/02/2033 $78.69 $686.30 $20,298.22
153 12/02/2033 $76.12 $688.87 $19,609.35
Mortgage amortization schedule for year 13 (2033):
You will spend $8,098.68 on principal $1,081.20 on interest.
period: date: interest paid: principal paid: remaining balance:
154 01/02/2034 $73.54 $691.45 $18,917.90
155 02/02/2034 $70.94 $694.05 $18,223.85
156 03/02/2034 $68.34 $696.65 $17,527.20
157 04/02/2034 $65.73 $699.26 $16,827.94
158 05/02/2034 $63.10 $701.89 $16,126.05
159 06/02/2034 $60.47 $704.52 $15,421.53
160 07/02/2034 $57.83 $707.16 $14,714.37
161 08/02/2034 $55.18 $709.81 $14,004.56
162 09/02/2034 $52.52 $712.47 $13,292.09
163 10/02/2034 $49.85 $715.14 $12,576.95
164 11/02/2034 $47.16 $717.83 $11,859.12
165 12/02/2034 $44.47 $720.52 $11,138.60
Mortgage amortization schedule for year 14 (2034):
You will spend $8,470.75 on principal $709.13 on interest.
period: date: interest paid: principal paid: remaining balance:
166 01/02/2035 $41.77 $723.22 $10,415.38
167 02/02/2035 $39.06 $725.93 $9,689.45
168 03/02/2035 $36.34 $728.65 $8,960.80
169 04/02/2035 $33.60 $731.39 $8,229.41
170 05/02/2035 $30.86 $734.13 $7,495.28
171 06/02/2035 $28.11 $736.88 $6,758.40
172 07/02/2035 $25.34 $739.65 $6,018.75
173 08/02/2035 $22.57 $742.42 $5,276.33
174 09/02/2035 $19.79 $745.20 $4,531.13
175 10/02/2035 $16.99 $748.00 $3,783.13
176 11/02/2035 $14.19 $750.80 $3,032.33
177 12/02/2035 $11.37 $753.62 $2,278.71
Mortgage amortization schedule for year 15 (2035):
You will spend $8,859.89 on principal $319.99 on interest.
period: date: interest paid: principal paid: remaining balance:
178 01/02/2036 $8.55 $756.44 $1,522.27
179 02/02/2036 $5.71 $759.28 $762.99
180 03/02/2036 $2.86 $762.99 $0.00
Mortgage amortization schedule for year 16 (2036):
You will spend $2,278.71 on principal $17.12 on interest.
Overall for a $100,000.00 mortgage you will spend $100,000.00 on principal and $37,699.06 on interest.