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 08/02/2022 $375.00 $389.99 $99,610.01
2 09/02/2022 $373.54 $391.45 $99,218.56
3 10/02/2022 $372.07 $392.92 $98,825.64
4 11/02/2022 $370.60 $394.39 $98,431.25
5 12/02/2022 $369.12 $395.87 $98,035.38
Mortgage amortization schedule for year 1 (2022):
You will spend $1,964.62 on principal $1,860.33 on interest.
period: date: interest paid: principal paid: remaining balance:
6 01/02/2023 $367.63 $397.36 $97,638.02
7 02/02/2023 $366.14 $398.85 $97,239.17
8 03/02/2023 $364.65 $400.34 $96,838.83
9 04/02/2023 $363.15 $401.84 $96,436.99
10 05/02/2023 $361.64 $403.35 $96,033.64
11 06/02/2023 $360.13 $404.86 $95,628.78
12 07/02/2023 $358.61 $406.38 $95,222.40
13 08/02/2023 $357.08 $407.91 $94,814.49
14 09/02/2023 $355.55 $409.44 $94,405.05
15 10/02/2023 $354.02 $410.97 $93,994.08
16 11/02/2023 $352.48 $412.51 $93,581.57
17 12/02/2023 $350.93 $414.06 $93,167.51
Mortgage amortization schedule for year 2 (2023):
You will spend $4,867.87 on principal $4,312.01 on interest.
period: date: interest paid: principal paid: remaining balance:
18 01/02/2024 $349.38 $415.61 $92,751.90
19 02/02/2024 $347.82 $417.17 $92,334.73
20 03/02/2024 $346.26 $418.73 $91,916.00
21 04/02/2024 $344.69 $420.30 $91,495.70
22 05/02/2024 $343.11 $421.88 $91,073.82
23 06/02/2024 $341.53 $423.46 $90,650.36
24 07/02/2024 $339.94 $425.05 $90,225.31
25 08/02/2024 $338.34 $426.65 $89,798.66
26 09/02/2024 $336.74 $428.25 $89,370.41
27 10/02/2024 $335.14 $429.85 $88,940.56
28 11/02/2024 $333.53 $431.46 $88,509.10
29 12/02/2024 $331.91 $433.08 $88,076.02
Mortgage amortization schedule for year 3 (2024):
You will spend $5,091.49 on principal $4,088.39 on interest.
period: date: interest paid: principal paid: remaining balance:
30 01/02/2025 $330.29 $434.70 $87,641.32
31 02/02/2025 $328.65 $436.34 $87,204.98
32 03/02/2025 $327.02 $437.97 $86,767.01
33 04/02/2025 $325.38 $439.61 $86,327.40
34 05/02/2025 $323.73 $441.26 $85,886.14
35 06/02/2025 $322.07 $442.92 $85,443.22
36 07/02/2025 $320.41 $444.58 $84,998.64
37 08/02/2025 $318.74 $446.25 $84,552.39
38 09/02/2025 $317.07 $447.92 $84,104.47
39 10/02/2025 $315.39 $449.60 $83,654.87
40 11/02/2025 $313.71 $451.28 $83,203.59
41 12/02/2025 $312.01 $452.98 $82,750.61
Mortgage amortization schedule for year 4 (2025):
You will spend $5,325.41 on principal $3,854.47 on interest.
period: date: interest paid: principal paid: remaining balance:
42 01/02/2026 $310.31 $454.68 $82,295.93
43 02/02/2026 $308.61 $456.38 $81,839.55
44 03/02/2026 $306.90 $458.09 $81,381.46
45 04/02/2026 $305.18 $459.81 $80,921.65
46 05/02/2026 $303.46 $461.53 $80,460.12
47 06/02/2026 $301.73 $463.26 $79,996.86
48 07/02/2026 $299.99 $465.00 $79,531.86
49 08/02/2026 $298.24 $466.75 $79,065.11
50 09/02/2026 $296.49 $468.50 $78,596.61
51 10/02/2026 $294.74 $470.25 $78,126.36
52 11/02/2026 $292.97 $472.02 $77,654.34
53 12/02/2026 $291.20 $473.79 $77,180.55
Mortgage amortization schedule for year 5 (2026):
You will spend $5,570.06 on principal $3,609.82 on interest.
period: date: interest paid: principal paid: remaining balance:
54 01/02/2027 $289.43 $475.56 $76,704.99
55 02/02/2027 $287.64 $477.35 $76,227.64
56 03/02/2027 $285.85 $479.14 $75,748.50
57 04/02/2027 $284.06 $480.93 $75,267.57
58 05/02/2027 $282.25 $482.74 $74,784.83
59 06/02/2027 $280.44 $484.55 $74,300.28
60 07/02/2027 $278.63 $486.36 $73,813.92
61 08/02/2027 $276.80 $488.19 $73,325.73
62 09/02/2027 $274.97 $490.02 $72,835.71
63 10/02/2027 $273.13 $491.86 $72,343.85
64 11/02/2027 $271.29 $493.70 $71,850.15
65 12/02/2027 $269.44 $495.55 $71,354.60
Mortgage amortization schedule for year 6 (2027):
You will spend $5,825.95 on principal $3,353.93 on interest.
period: date: interest paid: principal paid: remaining balance:
66 01/02/2028 $267.58 $497.41 $70,857.19
67 02/02/2028 $265.71 $499.28 $70,357.91
68 03/02/2028 $263.84 $501.15 $69,856.76
69 04/02/2028 $261.96 $503.03 $69,353.73
70 05/02/2028 $260.08 $504.91 $68,848.82
71 06/02/2028 $258.18 $506.81 $68,342.01
72 07/02/2028 $256.28 $508.71 $67,833.30
73 08/02/2028 $254.37 $510.62 $67,322.68
74 09/02/2028 $252.46 $512.53 $66,810.15
75 10/02/2028 $250.54 $514.45 $66,295.70
76 11/02/2028 $248.61 $516.38 $65,779.32
77 12/02/2028 $246.67 $518.32 $65,261.00
Mortgage amortization schedule for year 7 (2028):
You will spend $6,093.60 on principal $3,086.28 on interest.
period: date: interest paid: principal paid: remaining balance:
78 01/02/2029 $244.73 $520.26 $64,740.74
79 02/02/2029 $242.78 $522.21 $64,218.53
80 03/02/2029 $240.82 $524.17 $63,694.36
81 04/02/2029 $238.85 $526.14 $63,168.22
82 05/02/2029 $236.88 $528.11 $62,640.11
83 06/02/2029 $234.90 $530.09 $62,110.02
84 07/02/2029 $232.91 $532.08 $61,577.94
85 08/02/2029 $230.92 $534.07 $61,043.87
86 09/02/2029 $228.91 $536.08 $60,507.79
87 10/02/2029 $226.90 $538.09 $59,969.70
88 11/02/2029 $224.89 $540.10 $59,429.60
89 12/02/2029 $222.86 $542.13 $58,887.47
Mortgage amortization schedule for year 8 (2029):
You will spend $6,373.53 on principal $2,806.35 on interest.
period: date: interest paid: principal paid: remaining balance:
90 01/02/2030 $220.83 $544.16 $58,343.31
91 02/02/2030 $218.79 $546.20 $57,797.11
92 03/02/2030 $216.74 $548.25 $57,248.86
93 04/02/2030 $214.68 $550.31 $56,698.55
94 05/02/2030 $212.62 $552.37 $56,146.18
95 06/02/2030 $210.55 $554.44 $55,591.74
96 07/02/2030 $208.47 $556.52 $55,035.22
97 08/02/2030 $206.38 $558.61 $54,476.61
98 09/02/2030 $204.29 $560.70 $53,915.91
99 10/02/2030 $202.18 $562.81 $53,353.10
100 11/02/2030 $200.07 $564.92 $52,788.18
101 12/02/2030 $197.96 $567.03 $52,221.15
Mortgage amortization schedule for year 9 (2030):
You will spend $6,666.32 on principal $2,513.56 on interest.
period: date: interest paid: principal paid: remaining balance:
102 01/02/2031 $195.83 $569.16 $51,651.99
103 02/02/2031 $193.69 $571.30 $51,080.69
104 03/02/2031 $191.55 $573.44 $50,507.25
105 04/02/2031 $189.40 $575.59 $49,931.66
106 05/02/2031 $187.24 $577.75 $49,353.91
107 06/02/2031 $185.08 $579.91 $48,774.00
108 07/02/2031 $182.90 $582.09 $48,191.91
109 08/02/2031 $180.72 $584.27 $47,607.64
110 09/02/2031 $178.53 $586.46 $47,021.18
111 10/02/2031 $176.33 $588.66 $46,432.52
112 11/02/2031 $174.12 $590.87 $45,841.65
113 12/02/2031 $171.91 $593.08 $45,248.57
Mortgage amortization schedule for year 10 (2031):
You will spend $6,972.58 on principal $2,207.30 on interest.
period: date: interest paid: principal paid: remaining balance:
114 01/02/2032 $169.68 $595.31 $44,653.26
115 02/02/2032 $167.45 $597.54 $44,055.72
116 03/02/2032 $165.21 $599.78 $43,455.94
117 04/02/2032 $162.96 $602.03 $42,853.91
118 05/02/2032 $160.70 $604.29 $42,249.62
119 06/02/2032 $158.44 $606.55 $41,643.07
120 07/02/2032 $156.16 $608.83 $41,034.24
121 08/02/2032 $153.88 $611.11 $40,423.13
122 09/02/2032 $151.59 $613.40 $39,809.73
123 10/02/2032 $149.29 $615.70 $39,194.03
124 11/02/2032 $146.98 $618.01 $38,576.02
125 12/02/2032 $144.66 $620.33 $37,955.69
Mortgage amortization schedule for year 11 (2032):
You will spend $7,292.88 on principal $1,887.00 on interest.
period: date: interest paid: principal paid: remaining balance:
126 01/02/2033 $142.33 $622.66 $37,333.03
127 02/02/2033 $140.00 $624.99 $36,708.04
128 03/02/2033 $137.66 $627.33 $36,080.71
129 04/02/2033 $135.30 $629.69 $35,451.02
130 05/02/2033 $132.94 $632.05 $34,818.97
131 06/02/2033 $130.57 $634.42 $34,184.55
132 07/02/2033 $128.19 $636.80 $33,547.75
133 08/02/2033 $125.80 $639.19 $32,908.56
134 09/02/2033 $123.41 $641.58 $32,266.98
135 10/02/2033 $121.00 $643.99 $31,622.99
136 11/02/2033 $118.59 $646.40 $30,976.59
137 12/02/2033 $116.16 $648.83 $30,327.76
Mortgage amortization schedule for year 12 (2033):
You will spend $7,627.93 on principal $1,551.95 on interest.
period: date: interest paid: principal paid: remaining balance:
138 01/02/2034 $113.73 $651.26 $29,676.50
139 02/02/2034 $111.29 $653.70 $29,022.80
140 03/02/2034 $108.84 $656.15 $28,366.65
141 04/02/2034 $106.37 $658.62 $27,708.03
142 05/02/2034 $103.91 $661.08 $27,046.95
143 06/02/2034 $101.43 $663.56 $26,383.39
144 07/02/2034 $98.94 $666.05 $25,717.34
145 08/02/2034 $96.44 $668.55 $25,048.79
146 09/02/2034 $93.93 $671.06 $24,377.73
147 10/02/2034 $91.42 $673.57 $23,704.16
148 11/02/2034 $88.89 $676.10 $23,028.06
149 12/02/2034 $86.36 $678.63 $22,349.43
Mortgage amortization schedule for year 13 (2034):
You will spend $7,978.33 on principal $1,201.55 on interest.
period: date: interest paid: principal paid: remaining balance:
150 01/02/2035 $83.81 $681.18 $21,668.25
151 02/02/2035 $81.26 $683.73 $20,984.52
152 03/02/2035 $78.69 $686.30 $20,298.22
153 04/02/2035 $76.12 $688.87 $19,609.35
154 05/02/2035 $73.54 $691.45 $18,917.90
155 06/02/2035 $70.94 $694.05 $18,223.85
156 07/02/2035 $68.34 $696.65 $17,527.20
157 08/02/2035 $65.73 $699.26 $16,827.94
158 09/02/2035 $63.10 $701.89 $16,126.05
159 10/02/2035 $60.47 $704.52 $15,421.53
160 11/02/2035 $57.83 $707.16 $14,714.37
161 12/02/2035 $55.18 $709.81 $14,004.56
Mortgage amortization schedule for year 14 (2035):
You will spend $8,344.87 on principal $835.01 on interest.
period: date: interest paid: principal paid: remaining balance:
162 01/02/2036 $52.52 $712.47 $13,292.09
163 02/02/2036 $49.85 $715.14 $12,576.95
164 03/02/2036 $47.16 $717.83 $11,859.12
165 04/02/2036 $44.47 $720.52 $11,138.60
166 05/02/2036 $41.77 $723.22 $10,415.38
167 06/02/2036 $39.06 $725.93 $9,689.45
168 07/02/2036 $36.34 $728.65 $8,960.80
169 08/02/2036 $33.60 $731.39 $8,229.41
170 09/02/2036 $30.86 $734.13 $7,495.28
171 10/02/2036 $28.11 $736.88 $6,758.40
172 11/02/2036 $25.34 $739.65 $6,018.75
173 12/02/2036 $22.57 $742.42 $5,276.33
Mortgage amortization schedule for year 15 (2036):
You will spend $8,728.23 on principal $451.65 on interest.
period: date: interest paid: principal paid: remaining balance:
174 01/02/2037 $19.79 $745.20 $4,531.13
175 02/02/2037 $16.99 $748.00 $3,783.13
176 03/02/2037 $14.19 $750.80 $3,032.33
177 04/02/2037 $11.37 $753.62 $2,278.71
178 05/02/2037 $8.55 $756.44 $1,522.27
179 06/02/2037 $5.71 $759.28 $762.99
180 07/02/2037 $2.86 $762.99 $0.00
Mortgage amortization schedule for year 16 (2037):
You will spend $5,276.33 on principal $79.46 on interest.
Overall for a $100,000.00 mortgage you will spend $100,000.00 on principal and $37,699.06 on interest.