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 12/26/2020 $375.00 $389.99 $99,610.01
Mortgage amortization schedule for year 1 (2020):
You will spend $389.99 on principal $375.00 on interest.
period: date: interest paid: principal paid: remaining balance:
2 01/26/2021 $373.54 $391.45 $99,218.56
3 02/26/2021 $372.07 $392.92 $98,825.64
4 03/26/2021 $370.60 $394.39 $98,431.25
5 04/26/2021 $369.12 $395.87 $98,035.38
6 05/26/2021 $367.63 $397.36 $97,638.02
7 06/26/2021 $366.14 $398.85 $97,239.17
8 07/26/2021 $364.65 $400.34 $96,838.83
9 08/26/2021 $363.15 $401.84 $96,436.99
10 09/26/2021 $361.64 $403.35 $96,033.64
11 10/26/2021 $360.13 $404.86 $95,628.78
12 11/26/2021 $358.61 $406.38 $95,222.40
13 12/26/2021 $357.08 $407.91 $94,814.49
Mortgage amortization schedule for year 2 (2021):
You will spend $4,795.52 on principal $4,384.36 on interest.
period: date: interest paid: principal paid: remaining balance:
14 01/26/2022 $355.55 $409.44 $94,405.05
15 02/26/2022 $354.02 $410.97 $93,994.08
16 03/26/2022 $352.48 $412.51 $93,581.57
17 04/26/2022 $350.93 $414.06 $93,167.51
18 05/26/2022 $349.38 $415.61 $92,751.90
19 06/26/2022 $347.82 $417.17 $92,334.73
20 07/26/2022 $346.26 $418.73 $91,916.00
21 08/26/2022 $344.69 $420.30 $91,495.70
22 09/26/2022 $343.11 $421.88 $91,073.82
23 10/26/2022 $341.53 $423.46 $90,650.36
24 11/26/2022 $339.94 $425.05 $90,225.31
25 12/26/2022 $338.34 $426.65 $89,798.66
Mortgage amortization schedule for year 3 (2022):
You will spend $5,015.83 on principal $4,164.05 on interest.
period: date: interest paid: principal paid: remaining balance:
26 01/26/2023 $336.74 $428.25 $89,370.41
27 02/26/2023 $335.14 $429.85 $88,940.56
28 03/26/2023 $333.53 $431.46 $88,509.10
29 04/26/2023 $331.91 $433.08 $88,076.02
30 05/26/2023 $330.29 $434.70 $87,641.32
31 06/26/2023 $328.65 $436.34 $87,204.98
32 07/26/2023 $327.02 $437.97 $86,767.01
33 08/26/2023 $325.38 $439.61 $86,327.40
34 09/26/2023 $323.73 $441.26 $85,886.14
35 10/26/2023 $322.07 $442.92 $85,443.22
36 11/26/2023 $320.41 $444.58 $84,998.64
37 12/26/2023 $318.74 $446.25 $84,552.39
Mortgage amortization schedule for year 4 (2023):
You will spend $5,246.27 on principal $3,933.61 on interest.
period: date: interest paid: principal paid: remaining balance:
38 01/26/2024 $317.07 $447.92 $84,104.47
39 02/26/2024 $315.39 $449.60 $83,654.87
40 03/26/2024 $313.71 $451.28 $83,203.59
41 04/26/2024 $312.01 $452.98 $82,750.61
42 05/26/2024 $310.31 $454.68 $82,295.93
43 06/26/2024 $308.61 $456.38 $81,839.55
44 07/26/2024 $306.90 $458.09 $81,381.46
45 08/26/2024 $305.18 $459.81 $80,921.65
46 09/26/2024 $303.46 $461.53 $80,460.12
47 10/26/2024 $301.73 $463.26 $79,996.86
48 11/26/2024 $299.99 $465.00 $79,531.86
49 12/26/2024 $298.24 $466.75 $79,065.11
Mortgage amortization schedule for year 5 (2024):
You will spend $5,487.28 on principal $3,692.60 on interest.
period: date: interest paid: principal paid: remaining balance:
50 01/26/2025 $296.49 $468.50 $78,596.61
51 02/26/2025 $294.74 $470.25 $78,126.36
52 03/26/2025 $292.97 $472.02 $77,654.34
53 04/26/2025 $291.20 $473.79 $77,180.55
54 05/26/2025 $289.43 $475.56 $76,704.99
55 06/26/2025 $287.64 $477.35 $76,227.64
56 07/26/2025 $285.85 $479.14 $75,748.50
57 08/26/2025 $284.06 $480.93 $75,267.57
58 09/26/2025 $282.25 $482.74 $74,784.83
59 10/26/2025 $280.44 $484.55 $74,300.28
60 11/26/2025 $278.63 $486.36 $73,813.92
61 12/26/2025 $276.80 $488.19 $73,325.73
Mortgage amortization schedule for year 6 (2025):
You will spend $5,739.38 on principal $3,440.50 on interest.
period: date: interest paid: principal paid: remaining balance:
62 01/26/2026 $274.97 $490.02 $72,835.71
63 02/26/2026 $273.13 $491.86 $72,343.85
64 03/26/2026 $271.29 $493.70 $71,850.15
65 04/26/2026 $269.44 $495.55 $71,354.60
66 05/26/2026 $267.58 $497.41 $70,857.19
67 06/26/2026 $265.71 $499.28 $70,357.91
68 07/26/2026 $263.84 $501.15 $69,856.76
69 08/26/2026 $261.96 $503.03 $69,353.73
70 09/26/2026 $260.08 $504.91 $68,848.82
71 10/26/2026 $258.18 $506.81 $68,342.01
72 11/26/2026 $256.28 $508.71 $67,833.30
73 12/26/2026 $254.37 $510.62 $67,322.68
Mortgage amortization schedule for year 7 (2026):
You will spend $6,003.05 on principal $3,176.83 on interest.
period: date: interest paid: principal paid: remaining balance:
74 01/26/2027 $252.46 $512.53 $66,810.15
75 02/26/2027 $250.54 $514.45 $66,295.70
76 03/26/2027 $248.61 $516.38 $65,779.32
77 04/26/2027 $246.67 $518.32 $65,261.00
78 05/26/2027 $244.73 $520.26 $64,740.74
79 06/26/2027 $242.78 $522.21 $64,218.53
80 07/26/2027 $240.82 $524.17 $63,694.36
81 08/26/2027 $238.85 $526.14 $63,168.22
82 09/26/2027 $236.88 $528.11 $62,640.11
83 10/26/2027 $234.90 $530.09 $62,110.02
84 11/26/2027 $232.91 $532.08 $61,577.94
85 12/26/2027 $230.92 $534.07 $61,043.87
Mortgage amortization schedule for year 8 (2027):
You will spend $6,278.81 on principal $2,901.07 on interest.
period: date: interest paid: principal paid: remaining balance:
86 01/26/2028 $228.91 $536.08 $60,507.79
87 02/26/2028 $226.90 $538.09 $59,969.70
88 03/26/2028 $224.89 $540.10 $59,429.60
89 04/26/2028 $222.86 $542.13 $58,887.47
90 05/26/2028 $220.83 $544.16 $58,343.31
91 06/26/2028 $218.79 $546.20 $57,797.11
92 07/26/2028 $216.74 $548.25 $57,248.86
93 08/26/2028 $214.68 $550.31 $56,698.55
94 09/26/2028 $212.62 $552.37 $56,146.18
95 10/26/2028 $210.55 $554.44 $55,591.74
96 11/26/2028 $208.47 $556.52 $55,035.22
97 12/26/2028 $206.38 $558.61 $54,476.61
Mortgage amortization schedule for year 9 (2028):
You will spend $6,567.26 on principal $2,612.62 on interest.
period: date: interest paid: principal paid: remaining balance:
98 01/26/2029 $204.29 $560.70 $53,915.91
99 02/26/2029 $202.18 $562.81 $53,353.10
100 03/26/2029 $200.07 $564.92 $52,788.18
101 04/26/2029 $197.96 $567.03 $52,221.15
102 05/26/2029 $195.83 $569.16 $51,651.99
103 06/26/2029 $193.69 $571.30 $51,080.69
104 07/26/2029 $191.55 $573.44 $50,507.25
105 08/26/2029 $189.40 $575.59 $49,931.66
106 09/26/2029 $187.24 $577.75 $49,353.91
107 10/26/2029 $185.08 $579.91 $48,774.00
108 11/26/2029 $182.90 $582.09 $48,191.91
109 12/26/2029 $180.72 $584.27 $47,607.64
Mortgage amortization schedule for year 10 (2029):
You will spend $6,868.97 on principal $2,310.91 on interest.
period: date: interest paid: principal paid: remaining balance:
110 01/26/2030 $178.53 $586.46 $47,021.18
111 02/26/2030 $176.33 $588.66 $46,432.52
112 03/26/2030 $174.12 $590.87 $45,841.65
113 04/26/2030 $171.91 $593.08 $45,248.57
114 05/26/2030 $169.68 $595.31 $44,653.26
115 06/26/2030 $167.45 $597.54 $44,055.72
116 07/26/2030 $165.21 $599.78 $43,455.94
117 08/26/2030 $162.96 $602.03 $42,853.91
118 09/26/2030 $160.70 $604.29 $42,249.62
119 10/26/2030 $158.44 $606.55 $41,643.07
120 11/26/2030 $156.16 $608.83 $41,034.24
121 12/26/2030 $153.88 $611.11 $40,423.13
Mortgage amortization schedule for year 11 (2030):
You will spend $7,184.51 on principal $1,995.37 on interest.
period: date: interest paid: principal paid: remaining balance:
122 01/26/2031 $151.59 $613.40 $39,809.73
123 02/26/2031 $149.29 $615.70 $39,194.03
124 03/26/2031 $146.98 $618.01 $38,576.02
125 04/26/2031 $144.66 $620.33 $37,955.69
126 05/26/2031 $142.33 $622.66 $37,333.03
127 06/26/2031 $140.00 $624.99 $36,708.04
128 07/26/2031 $137.66 $627.33 $36,080.71
129 08/26/2031 $135.30 $629.69 $35,451.02
130 09/26/2031 $132.94 $632.05 $34,818.97
131 10/26/2031 $130.57 $634.42 $34,184.55
132 11/26/2031 $128.19 $636.80 $33,547.75
133 12/26/2031 $125.80 $639.19 $32,908.56
Mortgage amortization schedule for year 12 (2031):
You will spend $7,514.57 on principal $1,665.31 on interest.
period: date: interest paid: principal paid: remaining balance:
134 01/26/2032 $123.41 $641.58 $32,266.98
135 02/26/2032 $121.00 $643.99 $31,622.99
136 03/26/2032 $118.59 $646.40 $30,976.59
137 04/26/2032 $116.16 $648.83 $30,327.76
138 05/26/2032 $113.73 $651.26 $29,676.50
139 06/26/2032 $111.29 $653.70 $29,022.80
140 07/26/2032 $108.84 $656.15 $28,366.65
141 08/26/2032 $106.37 $658.62 $27,708.03
142 09/26/2032 $103.91 $661.08 $27,046.95
143 10/26/2032 $101.43 $663.56 $26,383.39
144 11/26/2032 $98.94 $666.05 $25,717.34
145 12/26/2032 $96.44 $668.55 $25,048.79
Mortgage amortization schedule for year 13 (2032):
You will spend $7,859.77 on principal $1,320.11 on interest.
period: date: interest paid: principal paid: remaining balance:
146 01/26/2033 $93.93 $671.06 $24,377.73
147 02/26/2033 $91.42 $673.57 $23,704.16
148 03/26/2033 $88.89 $676.10 $23,028.06
149 04/26/2033 $86.36 $678.63 $22,349.43
150 05/26/2033 $83.81 $681.18 $21,668.25
151 06/26/2033 $81.26 $683.73 $20,984.52
152 07/26/2033 $78.69 $686.30 $20,298.22
153 08/26/2033 $76.12 $688.87 $19,609.35
154 09/26/2033 $73.54 $691.45 $18,917.90
155 10/26/2033 $70.94 $694.05 $18,223.85
156 11/26/2033 $68.34 $696.65 $17,527.20
157 12/26/2033 $65.73 $699.26 $16,827.94
Mortgage amortization schedule for year 14 (2033):
You will spend $8,220.85 on principal $959.03 on interest.
period: date: interest paid: principal paid: remaining balance:
158 01/26/2034 $63.10 $701.89 $16,126.05
159 02/26/2034 $60.47 $704.52 $15,421.53
160 03/26/2034 $57.83 $707.16 $14,714.37
161 04/26/2034 $55.18 $709.81 $14,004.56
162 05/26/2034 $52.52 $712.47 $13,292.09
163 06/26/2034 $49.85 $715.14 $12,576.95
164 07/26/2034 $47.16 $717.83 $11,859.12
165 08/26/2034 $44.47 $720.52 $11,138.60
166 09/26/2034 $41.77 $723.22 $10,415.38
167 10/26/2034 $39.06 $725.93 $9,689.45
168 11/26/2034 $36.34 $728.65 $8,960.80
169 12/26/2034 $33.60 $731.39 $8,229.41
Mortgage amortization schedule for year 15 (2034):
You will spend $8,598.53 on principal $581.35 on interest.
period: date: interest paid: principal paid: remaining balance:
170 01/26/2035 $30.86 $734.13 $7,495.28
171 02/26/2035 $28.11 $736.88 $6,758.40
172 03/26/2035 $25.34 $739.65 $6,018.75
173 04/26/2035 $22.57 $742.42 $5,276.33
174 05/26/2035 $19.79 $745.20 $4,531.13
175 06/26/2035 $16.99 $748.00 $3,783.13
176 07/26/2035 $14.19 $750.80 $3,032.33
177 08/26/2035 $11.37 $753.62 $2,278.71
178 09/26/2035 $8.55 $756.44 $1,522.27
179 10/26/2035 $5.71 $759.28 $762.99
180 11/26/2035 $2.86 $762.99 $0.00
Mortgage amortization schedule for year 16 (2035):
You will spend $8,229.41 on principal $186.34 on interest.
Overall for a $100,000.00 mortgage you will spend $100,000.00 on principal and $37,699.06 on interest.