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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 06/08/2021 $375.00 $389.99 $99,610.01
2 07/08/2021 $373.54 $391.45 $99,218.56
3 08/08/2021 $372.07 $392.92 $98,825.64
4 09/08/2021 $370.60 $394.39 $98,431.25
5 10/08/2021 $369.12 $395.87 $98,035.38
6 11/08/2021 $367.63 $397.36 $97,638.02
7 12/08/2021 $366.14 $398.85 $97,239.17
Mortgage amortization schedule for year 1 (2021):
You will spend $2,760.83 on principal $2,594.10 on interest.
period: date: interest paid: principal paid: remaining balance:
8 01/08/2022 $364.65 $400.34 $96,838.83
9 02/08/2022 $363.15 $401.84 $96,436.99
10 03/08/2022 $361.64 $403.35 $96,033.64
11 04/08/2022 $360.13 $404.86 $95,628.78
12 05/08/2022 $358.61 $406.38 $95,222.40
13 06/08/2022 $357.08 $407.91 $94,814.49
14 07/08/2022 $355.55 $409.44 $94,405.05
15 08/08/2022 $354.02 $410.97 $93,994.08
16 09/08/2022 $352.48 $412.51 $93,581.57
17 10/08/2022 $350.93 $414.06 $93,167.51
18 11/08/2022 $349.38 $415.61 $92,751.90
19 12/08/2022 $347.82 $417.17 $92,334.73
Mortgage amortization schedule for year 2 (2022):
You will spend $4,904.44 on principal $4,275.44 on interest.
period: date: interest paid: principal paid: remaining balance:
20 01/08/2023 $346.26 $418.73 $91,916.00
21 02/08/2023 $344.69 $420.30 $91,495.70
22 03/08/2023 $343.11 $421.88 $91,073.82
23 04/08/2023 $341.53 $423.46 $90,650.36
24 05/08/2023 $339.94 $425.05 $90,225.31
25 06/08/2023 $338.34 $426.65 $89,798.66
26 07/08/2023 $336.74 $428.25 $89,370.41
27 08/08/2023 $335.14 $429.85 $88,940.56
28 09/08/2023 $333.53 $431.46 $88,509.10
29 10/08/2023 $331.91 $433.08 $88,076.02
30 11/08/2023 $330.29 $434.70 $87,641.32
31 12/08/2023 $328.65 $436.34 $87,204.98
Mortgage amortization schedule for year 3 (2023):
You will spend $5,129.75 on principal $4,050.13 on interest.
period: date: interest paid: principal paid: remaining balance:
32 01/08/2024 $327.02 $437.97 $86,767.01
33 02/08/2024 $325.38 $439.61 $86,327.40
34 03/08/2024 $323.73 $441.26 $85,886.14
35 04/08/2024 $322.07 $442.92 $85,443.22
36 05/08/2024 $320.41 $444.58 $84,998.64
37 06/08/2024 $318.74 $446.25 $84,552.39
38 07/08/2024 $317.07 $447.92 $84,104.47
39 08/08/2024 $315.39 $449.60 $83,654.87
40 09/08/2024 $313.71 $451.28 $83,203.59
41 10/08/2024 $312.01 $452.98 $82,750.61
42 11/08/2024 $310.31 $454.68 $82,295.93
43 12/08/2024 $308.61 $456.38 $81,839.55
Mortgage amortization schedule for year 4 (2024):
You will spend $5,365.43 on principal $3,814.45 on interest.
period: date: interest paid: principal paid: remaining balance:
44 01/08/2025 $306.90 $458.09 $81,381.46
45 02/08/2025 $305.18 $459.81 $80,921.65
46 03/08/2025 $303.46 $461.53 $80,460.12
47 04/08/2025 $301.73 $463.26 $79,996.86
48 05/08/2025 $299.99 $465.00 $79,531.86
49 06/08/2025 $298.24 $466.75 $79,065.11
50 07/08/2025 $296.49 $468.50 $78,596.61
51 08/08/2025 $294.74 $470.25 $78,126.36
52 09/08/2025 $292.97 $472.02 $77,654.34
53 10/08/2025 $291.20 $473.79 $77,180.55
54 11/08/2025 $289.43 $475.56 $76,704.99
55 12/08/2025 $287.64 $477.35 $76,227.64
Mortgage amortization schedule for year 5 (2025):
You will spend $5,611.91 on principal $3,567.97 on interest.
period: date: interest paid: principal paid: remaining balance:
56 01/08/2026 $285.85 $479.14 $75,748.50
57 02/08/2026 $284.06 $480.93 $75,267.57
58 03/08/2026 $282.25 $482.74 $74,784.83
59 04/08/2026 $280.44 $484.55 $74,300.28
60 05/08/2026 $278.63 $486.36 $73,813.92
61 06/08/2026 $276.80 $488.19 $73,325.73
62 07/08/2026 $274.97 $490.02 $72,835.71
63 08/08/2026 $273.13 $491.86 $72,343.85
64 09/08/2026 $271.29 $493.70 $71,850.15
65 10/08/2026 $269.44 $495.55 $71,354.60
66 11/08/2026 $267.58 $497.41 $70,857.19
67 12/08/2026 $265.71 $499.28 $70,357.91
Mortgage amortization schedule for year 6 (2026):
You will spend $5,869.73 on principal $3,310.15 on interest.
period: date: interest paid: principal paid: remaining balance:
68 01/08/2027 $263.84 $501.15 $69,856.76
69 02/08/2027 $261.96 $503.03 $69,353.73
70 03/08/2027 $260.08 $504.91 $68,848.82
71 04/08/2027 $258.18 $506.81 $68,342.01
72 05/08/2027 $256.28 $508.71 $67,833.30
73 06/08/2027 $254.37 $510.62 $67,322.68
74 07/08/2027 $252.46 $512.53 $66,810.15
75 08/08/2027 $250.54 $514.45 $66,295.70
76 09/08/2027 $248.61 $516.38 $65,779.32
77 10/08/2027 $246.67 $518.32 $65,261.00
78 11/08/2027 $244.73 $520.26 $64,740.74
79 12/08/2027 $242.78 $522.21 $64,218.53
Mortgage amortization schedule for year 7 (2027):
You will spend $6,139.38 on principal $3,040.50 on interest.
period: date: interest paid: principal paid: remaining balance:
80 01/08/2028 $240.82 $524.17 $63,694.36
81 02/08/2028 $238.85 $526.14 $63,168.22
82 03/08/2028 $236.88 $528.11 $62,640.11
83 04/08/2028 $234.90 $530.09 $62,110.02
84 05/08/2028 $232.91 $532.08 $61,577.94
85 06/08/2028 $230.92 $534.07 $61,043.87
86 07/08/2028 $228.91 $536.08 $60,507.79
87 08/08/2028 $226.90 $538.09 $59,969.70
88 09/08/2028 $224.89 $540.10 $59,429.60
89 10/08/2028 $222.86 $542.13 $58,887.47
90 11/08/2028 $220.83 $544.16 $58,343.31
91 12/08/2028 $218.79 $546.20 $57,797.11
Mortgage amortization schedule for year 8 (2028):
You will spend $6,421.42 on principal $2,758.46 on interest.
period: date: interest paid: principal paid: remaining balance:
92 01/08/2029 $216.74 $548.25 $57,248.86
93 02/08/2029 $214.68 $550.31 $56,698.55
94 03/08/2029 $212.62 $552.37 $56,146.18
95 04/08/2029 $210.55 $554.44 $55,591.74
96 05/08/2029 $208.47 $556.52 $55,035.22
97 06/08/2029 $206.38 $558.61 $54,476.61
98 07/08/2029 $204.29 $560.70 $53,915.91
99 08/08/2029 $202.18 $562.81 $53,353.10
100 09/08/2029 $200.07 $564.92 $52,788.18
101 10/08/2029 $197.96 $567.03 $52,221.15
102 11/08/2029 $195.83 $569.16 $51,651.99
103 12/08/2029 $193.69 $571.30 $51,080.69
Mortgage amortization schedule for year 9 (2029):
You will spend $6,716.42 on principal $2,463.46 on interest.
period: date: interest paid: principal paid: remaining balance:
104 01/08/2030 $191.55 $573.44 $50,507.25
105 02/08/2030 $189.40 $575.59 $49,931.66
106 03/08/2030 $187.24 $577.75 $49,353.91
107 04/08/2030 $185.08 $579.91 $48,774.00
108 05/08/2030 $182.90 $582.09 $48,191.91
109 06/08/2030 $180.72 $584.27 $47,607.64
110 07/08/2030 $178.53 $586.46 $47,021.18
111 08/08/2030 $176.33 $588.66 $46,432.52
112 09/08/2030 $174.12 $590.87 $45,841.65
113 10/08/2030 $171.91 $593.08 $45,248.57
114 11/08/2030 $169.68 $595.31 $44,653.26
115 12/08/2030 $167.45 $597.54 $44,055.72
Mortgage amortization schedule for year 10 (2030):
You will spend $7,024.97 on principal $2,154.91 on interest.
period: date: interest paid: principal paid: remaining balance:
116 01/08/2031 $165.21 $599.78 $43,455.94
117 02/08/2031 $162.96 $602.03 $42,853.91
118 03/08/2031 $160.70 $604.29 $42,249.62
119 04/08/2031 $158.44 $606.55 $41,643.07
120 05/08/2031 $156.16 $608.83 $41,034.24
121 06/08/2031 $153.88 $611.11 $40,423.13
122 07/08/2031 $151.59 $613.40 $39,809.73
123 08/08/2031 $149.29 $615.70 $39,194.03
124 09/08/2031 $146.98 $618.01 $38,576.02
125 10/08/2031 $144.66 $620.33 $37,955.69
126 11/08/2031 $142.33 $622.66 $37,333.03
127 12/08/2031 $140.00 $624.99 $36,708.04
Mortgage amortization schedule for year 11 (2031):
You will spend $7,347.68 on principal $1,832.20 on interest.
period: date: interest paid: principal paid: remaining balance:
128 01/08/2032 $137.66 $627.33 $36,080.71
129 02/08/2032 $135.30 $629.69 $35,451.02
130 03/08/2032 $132.94 $632.05 $34,818.97
131 04/08/2032 $130.57 $634.42 $34,184.55
132 05/08/2032 $128.19 $636.80 $33,547.75
133 06/08/2032 $125.80 $639.19 $32,908.56
134 07/08/2032 $123.41 $641.58 $32,266.98
135 08/08/2032 $121.00 $643.99 $31,622.99
136 09/08/2032 $118.59 $646.40 $30,976.59
137 10/08/2032 $116.16 $648.83 $30,327.76
138 11/08/2032 $113.73 $651.26 $29,676.50
139 12/08/2032 $111.29 $653.70 $29,022.80
Mortgage amortization schedule for year 12 (2032):
You will spend $7,685.24 on principal $1,494.64 on interest.
period: date: interest paid: principal paid: remaining balance:
140 01/08/2033 $108.84 $656.15 $28,366.65
141 02/08/2033 $106.37 $658.62 $27,708.03
142 03/08/2033 $103.91 $661.08 $27,046.95
143 04/08/2033 $101.43 $663.56 $26,383.39
144 05/08/2033 $98.94 $666.05 $25,717.34
145 06/08/2033 $96.44 $668.55 $25,048.79
146 07/08/2033 $93.93 $671.06 $24,377.73
147 08/08/2033 $91.42 $673.57 $23,704.16
148 09/08/2033 $88.89 $676.10 $23,028.06
149 10/08/2033 $86.36 $678.63 $22,349.43
150 11/08/2033 $83.81 $681.18 $21,668.25
151 12/08/2033 $81.26 $683.73 $20,984.52
Mortgage amortization schedule for year 13 (2033):
You will spend $8,038.28 on principal $1,141.60 on interest.
period: date: interest paid: principal paid: remaining balance:
152 01/08/2034 $78.69 $686.30 $20,298.22
153 02/08/2034 $76.12 $688.87 $19,609.35
154 03/08/2034 $73.54 $691.45 $18,917.90
155 04/08/2034 $70.94 $694.05 $18,223.85
156 05/08/2034 $68.34 $696.65 $17,527.20
157 06/08/2034 $65.73 $699.26 $16,827.94
158 07/08/2034 $63.10 $701.89 $16,126.05
159 08/08/2034 $60.47 $704.52 $15,421.53
160 09/08/2034 $57.83 $707.16 $14,714.37
161 10/08/2034 $55.18 $709.81 $14,004.56
162 11/08/2034 $52.52 $712.47 $13,292.09
163 12/08/2034 $49.85 $715.14 $12,576.95
Mortgage amortization schedule for year 14 (2034):
You will spend $8,407.57 on principal $772.31 on interest.
period: date: interest paid: principal paid: remaining balance:
164 01/08/2035 $47.16 $717.83 $11,859.12
165 02/08/2035 $44.47 $720.52 $11,138.60
166 03/08/2035 $41.77 $723.22 $10,415.38
167 04/08/2035 $39.06 $725.93 $9,689.45
168 05/08/2035 $36.34 $728.65 $8,960.80
169 06/08/2035 $33.60 $731.39 $8,229.41
170 07/08/2035 $30.86 $734.13 $7,495.28
171 08/08/2035 $28.11 $736.88 $6,758.40
172 09/08/2035 $25.34 $739.65 $6,018.75
173 10/08/2035 $22.57 $742.42 $5,276.33
174 11/08/2035 $19.79 $745.20 $4,531.13
175 12/08/2035 $16.99 $748.00 $3,783.13
Mortgage amortization schedule for year 15 (2035):
You will spend $8,793.82 on principal $386.06 on interest.
period: date: interest paid: principal paid: remaining balance:
176 01/08/2036 $14.19 $750.80 $3,032.33
177 02/08/2036 $11.37 $753.62 $2,278.71
178 03/08/2036 $8.55 $756.44 $1,522.27
179 04/08/2036 $5.71 $759.28 $762.99
180 05/08/2036 $2.86 $762.99 $0.00
Mortgage amortization schedule for year 16 (2036):
You will spend $3,783.13 on principal $42.68 on interest.
Overall for a $100,000.00 mortgage you will spend $100,000.00 on principal and $37,699.06 on interest.