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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 09/15/2018 $375.00 $389.99 $99,610.01
2 10/15/2018 $373.54 $391.45 $99,218.56
3 11/15/2018 $372.07 $392.92 $98,825.64
4 12/15/2018 $370.60 $394.39 $98,431.25
Mortgage amortization schedule for year 1 (2018):
You will spend $1,568.75 on principal $1,491.21 on interest.
period: date: interest paid: principal paid: remaining balance:
5 01/15/2019 $369.12 $395.87 $98,035.38
6 02/15/2019 $367.63 $397.36 $97,638.02
7 03/15/2019 $366.14 $398.85 $97,239.17
8 04/15/2019 $364.65 $400.34 $96,838.83
9 05/15/2019 $363.15 $401.84 $96,436.99
10 06/15/2019 $361.64 $403.35 $96,033.64
11 07/15/2019 $360.13 $404.86 $95,628.78
12 08/15/2019 $358.61 $406.38 $95,222.40
13 09/15/2019 $357.08 $407.91 $94,814.49
14 10/15/2019 $355.55 $409.44 $94,405.05
15 11/15/2019 $354.02 $410.97 $93,994.08
16 12/15/2019 $352.48 $412.51 $93,581.57
Mortgage amortization schedule for year 2 (2019):
You will spend $4,849.68 on principal $4,330.20 on interest.
period: date: interest paid: principal paid: remaining balance:
17 01/15/2020 $350.93 $414.06 $93,167.51
18 02/15/2020 $349.38 $415.61 $92,751.90
19 03/15/2020 $347.82 $417.17 $92,334.73
20 04/15/2020 $346.26 $418.73 $91,916.00
21 05/15/2020 $344.69 $420.30 $91,495.70
22 06/15/2020 $343.11 $421.88 $91,073.82
23 07/15/2020 $341.53 $423.46 $90,650.36
24 08/15/2020 $339.94 $425.05 $90,225.31
25 09/15/2020 $338.34 $426.65 $89,798.66
26 10/15/2020 $336.74 $428.25 $89,370.41
27 11/15/2020 $335.14 $429.85 $88,940.56
28 12/15/2020 $333.53 $431.46 $88,509.10
Mortgage amortization schedule for year 3 (2020):
You will spend $5,072.47 on principal $4,107.41 on interest.
period: date: interest paid: principal paid: remaining balance:
29 01/15/2021 $331.91 $433.08 $88,076.02
30 02/15/2021 $330.29 $434.70 $87,641.32
31 03/15/2021 $328.65 $436.34 $87,204.98
32 04/15/2021 $327.02 $437.97 $86,767.01
33 05/15/2021 $325.38 $439.61 $86,327.40
34 06/15/2021 $323.73 $441.26 $85,886.14
35 07/15/2021 $322.07 $442.92 $85,443.22
36 08/15/2021 $320.41 $444.58 $84,998.64
37 09/15/2021 $318.74 $446.25 $84,552.39
38 10/15/2021 $317.07 $447.92 $84,104.47
39 11/15/2021 $315.39 $449.60 $83,654.87
40 12/15/2021 $313.71 $451.28 $83,203.59
Mortgage amortization schedule for year 4 (2021):
You will spend $5,305.51 on principal $3,874.37 on interest.
period: date: interest paid: principal paid: remaining balance:
41 01/15/2022 $312.01 $452.98 $82,750.61
42 02/15/2022 $310.31 $454.68 $82,295.93
43 03/15/2022 $308.61 $456.38 $81,839.55
44 04/15/2022 $306.90 $458.09 $81,381.46
45 05/15/2022 $305.18 $459.81 $80,921.65
46 06/15/2022 $303.46 $461.53 $80,460.12
47 07/15/2022 $301.73 $463.26 $79,996.86
48 08/15/2022 $299.99 $465.00 $79,531.86
49 09/15/2022 $298.24 $466.75 $79,065.11
50 10/15/2022 $296.49 $468.50 $78,596.61
51 11/15/2022 $294.74 $470.25 $78,126.36
52 12/15/2022 $292.97 $472.02 $77,654.34
Mortgage amortization schedule for year 5 (2022):
You will spend $5,549.25 on principal $3,630.63 on interest.
period: date: interest paid: principal paid: remaining balance:
53 01/15/2023 $291.20 $473.79 $77,180.55
54 02/15/2023 $289.43 $475.56 $76,704.99
55 03/15/2023 $287.64 $477.35 $76,227.64
56 04/15/2023 $285.85 $479.14 $75,748.50
57 05/15/2023 $284.06 $480.93 $75,267.57
58 06/15/2023 $282.25 $482.74 $74,784.83
59 07/15/2023 $280.44 $484.55 $74,300.28
60 08/15/2023 $278.63 $486.36 $73,813.92
61 09/15/2023 $276.80 $488.19 $73,325.73
62 10/15/2023 $274.97 $490.02 $72,835.71
63 11/15/2023 $273.13 $491.86 $72,343.85
64 12/15/2023 $271.29 $493.70 $71,850.15
Mortgage amortization schedule for year 6 (2023):
You will spend $5,804.19 on principal $3,375.69 on interest.
period: date: interest paid: principal paid: remaining balance:
65 01/15/2024 $269.44 $495.55 $71,354.60
66 02/15/2024 $267.58 $497.41 $70,857.19
67 03/15/2024 $265.71 $499.28 $70,357.91
68 04/15/2024 $263.84 $501.15 $69,856.76
69 05/15/2024 $261.96 $503.03 $69,353.73
70 06/15/2024 $260.08 $504.91 $68,848.82
71 07/15/2024 $258.18 $506.81 $68,342.01
72 08/15/2024 $256.28 $508.71 $67,833.30
73 09/15/2024 $254.37 $510.62 $67,322.68
74 10/15/2024 $252.46 $512.53 $66,810.15
75 11/15/2024 $250.54 $514.45 $66,295.70
76 12/15/2024 $248.61 $516.38 $65,779.32
Mortgage amortization schedule for year 7 (2024):
You will spend $6,070.83 on principal $3,109.05 on interest.
period: date: interest paid: principal paid: remaining balance:
77 01/15/2025 $246.67 $518.32 $65,261.00
78 02/15/2025 $244.73 $520.26 $64,740.74
79 03/15/2025 $242.78 $522.21 $64,218.53
80 04/15/2025 $240.82 $524.17 $63,694.36
81 05/15/2025 $238.85 $526.14 $63,168.22
82 06/15/2025 $236.88 $528.11 $62,640.11
83 07/15/2025 $234.90 $530.09 $62,110.02
84 08/15/2025 $232.91 $532.08 $61,577.94
85 09/15/2025 $230.92 $534.07 $61,043.87
86 10/15/2025 $228.91 $536.08 $60,507.79
87 11/15/2025 $226.90 $538.09 $59,969.70
88 12/15/2025 $224.89 $540.10 $59,429.60
Mortgage amortization schedule for year 8 (2025):
You will spend $6,349.72 on principal $2,830.16 on interest.
period: date: interest paid: principal paid: remaining balance:
89 01/15/2026 $222.86 $542.13 $58,887.47
90 02/15/2026 $220.83 $544.16 $58,343.31
91 03/15/2026 $218.79 $546.20 $57,797.11
92 04/15/2026 $216.74 $548.25 $57,248.86
93 05/15/2026 $214.68 $550.31 $56,698.55
94 06/15/2026 $212.62 $552.37 $56,146.18
95 07/15/2026 $210.55 $554.44 $55,591.74
96 08/15/2026 $208.47 $556.52 $55,035.22
97 09/15/2026 $206.38 $558.61 $54,476.61
98 10/15/2026 $204.29 $560.70 $53,915.91
99 11/15/2026 $202.18 $562.81 $53,353.10
100 12/15/2026 $200.07 $564.92 $52,788.18
Mortgage amortization schedule for year 9 (2026):
You will spend $6,641.42 on principal $2,538.46 on interest.
period: date: interest paid: principal paid: remaining balance:
101 01/15/2027 $197.96 $567.03 $52,221.15
102 02/15/2027 $195.83 $569.16 $51,651.99
103 03/15/2027 $193.69 $571.30 $51,080.69
104 04/15/2027 $191.55 $573.44 $50,507.25
105 05/15/2027 $189.40 $575.59 $49,931.66
106 06/15/2027 $187.24 $577.75 $49,353.91
107 07/15/2027 $185.08 $579.91 $48,774.00
108 08/15/2027 $182.90 $582.09 $48,191.91
109 09/15/2027 $180.72 $584.27 $47,607.64
110 10/15/2027 $178.53 $586.46 $47,021.18
111 11/15/2027 $176.33 $588.66 $46,432.52
112 12/15/2027 $174.12 $590.87 $45,841.65
Mortgage amortization schedule for year 10 (2027):
You will spend $6,946.53 on principal $2,233.35 on interest.
period: date: interest paid: principal paid: remaining balance:
113 01/15/2028 $171.91 $593.08 $45,248.57
114 02/15/2028 $169.68 $595.31 $44,653.26
115 03/15/2028 $167.45 $597.54 $44,055.72
116 04/15/2028 $165.21 $599.78 $43,455.94
117 05/15/2028 $162.96 $602.03 $42,853.91
118 06/15/2028 $160.70 $604.29 $42,249.62
119 07/15/2028 $158.44 $606.55 $41,643.07
120 08/15/2028 $156.16 $608.83 $41,034.24
121 09/15/2028 $153.88 $611.11 $40,423.13
122 10/15/2028 $151.59 $613.40 $39,809.73
123 11/15/2028 $149.29 $615.70 $39,194.03
124 12/15/2028 $146.98 $618.01 $38,576.02
Mortgage amortization schedule for year 11 (2028):
You will spend $7,265.63 on principal $1,914.25 on interest.
period: date: interest paid: principal paid: remaining balance:
125 01/15/2029 $144.66 $620.33 $37,955.69
126 02/15/2029 $142.33 $622.66 $37,333.03
127 03/15/2029 $140.00 $624.99 $36,708.04
128 04/15/2029 $137.66 $627.33 $36,080.71
129 05/15/2029 $135.30 $629.69 $35,451.02
130 06/15/2029 $132.94 $632.05 $34,818.97
131 07/15/2029 $130.57 $634.42 $34,184.55
132 08/15/2029 $128.19 $636.80 $33,547.75
133 09/15/2029 $125.80 $639.19 $32,908.56
134 10/15/2029 $123.41 $641.58 $32,266.98
135 11/15/2029 $121.00 $643.99 $31,622.99
136 12/15/2029 $118.59 $646.40 $30,976.59
Mortgage amortization schedule for year 12 (2029):
You will spend $7,599.43 on principal $1,580.45 on interest.
period: date: interest paid: principal paid: remaining balance:
137 01/15/2030 $116.16 $648.83 $30,327.76
138 02/15/2030 $113.73 $651.26 $29,676.50
139 03/15/2030 $111.29 $653.70 $29,022.80
140 04/15/2030 $108.84 $656.15 $28,366.65
141 05/15/2030 $106.37 $658.62 $27,708.03
142 06/15/2030 $103.91 $661.08 $27,046.95
143 07/15/2030 $101.43 $663.56 $26,383.39
144 08/15/2030 $98.94 $666.05 $25,717.34
145 09/15/2030 $96.44 $668.55 $25,048.79
146 10/15/2030 $93.93 $671.06 $24,377.73
147 11/15/2030 $91.42 $673.57 $23,704.16
148 12/15/2030 $88.89 $676.10 $23,028.06
Mortgage amortization schedule for year 13 (2030):
You will spend $7,948.53 on principal $1,231.35 on interest.
period: date: interest paid: principal paid: remaining balance:
149 01/15/2031 $86.36 $678.63 $22,349.43
150 02/15/2031 $83.81 $681.18 $21,668.25
151 03/15/2031 $81.26 $683.73 $20,984.52
152 04/15/2031 $78.69 $686.30 $20,298.22
153 05/15/2031 $76.12 $688.87 $19,609.35
154 06/15/2031 $73.54 $691.45 $18,917.90
155 07/15/2031 $70.94 $694.05 $18,223.85
156 08/15/2031 $68.34 $696.65 $17,527.20
157 09/15/2031 $65.73 $699.26 $16,827.94
158 10/15/2031 $63.10 $701.89 $16,126.05
159 11/15/2031 $60.47 $704.52 $15,421.53
160 12/15/2031 $57.83 $707.16 $14,714.37
Mortgage amortization schedule for year 14 (2031):
You will spend $8,313.69 on principal $866.19 on interest.
period: date: interest paid: principal paid: remaining balance:
161 01/15/2032 $55.18 $709.81 $14,004.56
162 02/15/2032 $52.52 $712.47 $13,292.09
163 03/15/2032 $49.85 $715.14 $12,576.95
164 04/15/2032 $47.16 $717.83 $11,859.12
165 05/15/2032 $44.47 $720.52 $11,138.60
166 06/15/2032 $41.77 $723.22 $10,415.38
167 07/15/2032 $39.06 $725.93 $9,689.45
168 08/15/2032 $36.34 $728.65 $8,960.80
169 09/15/2032 $33.60 $731.39 $8,229.41
170 10/15/2032 $30.86 $734.13 $7,495.28
171 11/15/2032 $28.11 $736.88 $6,758.40
172 12/15/2032 $25.34 $739.65 $6,018.75
Mortgage amortization schedule for year 15 (2032):
You will spend $8,695.62 on principal $484.26 on interest.
period: date: interest paid: principal paid: remaining balance:
173 01/15/2033 $22.57 $742.42 $5,276.33
174 02/15/2033 $19.79 $745.20 $4,531.13
175 03/15/2033 $16.99 $748.00 $3,783.13
176 04/15/2033 $14.19 $750.80 $3,032.33
177 05/15/2033 $11.37 $753.62 $2,278.71
178 06/15/2033 $8.55 $756.44 $1,522.27
179 07/15/2033 $5.71 $759.28 $762.99
180 08/15/2033 $2.86 $762.99 $0.00
Mortgage amortization schedule for year 16 (2033):
You will spend $6,018.75 on principal $102.03 on interest.
Overall for a $100,000.00 mortgage you will spend $100,000.00 on principal and $37,699.06 on interest.