Mortgage Amortization Schedule Calculator
Use our free mortgage amortization calculator to see a month-by-month schedule of principal and interest. Visualize how each payment reduces your balance, estimate total interest, and explore how extra payments or a bi-weekly cadence can speed up your payoff.
Use the Amortization Calculator
Balance and costs over time (yearly)
Amortization schedule
| Year | Principal | Interest | Taxes & Fees | Total Payment | Ending Balance |
|---|---|---|---|---|---|
| 2025 | $690.72 | $4,498.06 | $1,200.00 | $6,388.78 | $399,309.28 |
| 2026 | $4,311.09 | $26,821.62 | $7,200.00 | $38,332.71 | $394,998.19 |
| 2027 | $4,611.26 | $26,521.45 | $7,200.00 | $38,332.71 | $390,386.93 |
| 2028 | $4,932.33 | $26,200.38 | $7,200.00 | $38,332.71 | $385,454.60 |
| 2029 | $5,275.76 | $25,856.95 | $7,200.00 | $38,332.71 | $380,178.85 |
| 2030 | $5,643.10 | $25,489.61 | $7,200.00 | $38,332.71 | $374,535.75 |
| 2031 | $6,036.02 | $25,096.69 | $7,200.00 | $38,332.71 | $368,499.73 |
| 2032 | $6,456.29 | $24,676.42 | $7,200.00 | $38,332.71 | $362,043.44 |
| 2033 | $6,905.83 | $24,226.88 | $7,200.00 | $38,332.71 | $355,137.61 |
| 2034 | $7,386.67 | $23,746.04 | $7,200.00 | $38,332.71 | $347,750.94 |
| 2035 | $7,900.99 | $23,231.72 | $7,200.00 | $38,332.71 | $339,849.96 |
| 2036 | $8,451.12 | $22,681.59 | $7,200.00 | $38,332.71 | $331,398.84 |
| 2037 | $9,039.55 | $22,093.16 | $7,200.00 | $38,332.71 | $322,359.29 |
| 2038 | $9,668.95 | $21,463.75 | $7,200.00 | $38,332.71 | $312,690.34 |
| 2039 | $10,342.18 | $20,790.52 | $7,200.00 | $38,332.71 | $302,348.16 |
| 2040 | $11,062.29 | $20,070.42 | $7,200.00 | $38,332.71 | $291,285.87 |
| 2041 | $11,832.53 | $19,300.18 | $7,200.00 | $38,332.71 | $279,453.33 |
| 2042 | $12,656.41 | $18,476.30 | $7,200.00 | $38,332.71 | $266,796.93 |
| 2043 | $13,537.65 | $17,595.06 | $7,200.00 | $38,332.71 | $253,259.28 |
| 2044 | $14,480.25 | $16,652.46 | $7,200.00 | $38,332.71 | $238,779.03 |
| 2045 | $15,488.48 | $15,644.23 | $7,200.00 | $38,332.71 | $223,290.56 |
| 2046 | $16,566.91 | $14,565.80 | $7,200.00 | $38,332.71 | $206,723.65 |
| 2047 | $17,720.43 | $13,412.28 | $7,200.00 | $38,332.71 | $189,003.23 |
| 2048 | $18,954.26 | $12,178.45 | $7,200.00 | $38,332.71 | $170,048.96 |
| 2049 | $20,274.01 | $10,858.70 | $7,200.00 | $38,332.71 | $149,774.96 |
| 2050 | $21,685.65 | $9,447.06 | $7,200.00 | $38,332.71 | $128,089.31 |
| 2051 | $23,195.57 | $7,937.14 | $7,200.00 | $38,332.71 | $104,893.74 |
| 2052 | $24,810.63 | $6,322.08 | $7,200.00 | $38,332.71 | $80,083.11 |
| 2053 | $26,538.15 | $4,594.56 | $7,200.00 | $38,332.71 | $53,544.96 |
| 2054 | $28,385.94 | $2,746.77 | $7,200.00 | $38,332.71 | $25,159.02 |
| 2055 | $25,159.02 | $784.91 | $6,000.00 | $31,943.92 | $0.00 |
Summary
Enter Loan Details
Estimates only; taxes/insurance/HOA shown as level monthly averages for illustration. Bi-weekly is simulated as ~one extra monthly payment per year.
Table of contents
How a mortgage amortization schedule works
An amortization schedule lists every payment from the start of your loan to the payoff date. Each row shows how much goes to interest and how much reduces your principal. Early payments are mostly interest; as the balance falls, interest shrinks and more of each payment goes to principal.
Key terms in your schedule
- Principal: The amount you borrowed and still owe.
- Interest: The cost of borrowing, calculated each month on the remaining balance.
- P&I payment: Principal plus interest for the period.
- Escrows: Optional estimates for property taxes, homeowners insurance, and HOA dues.
- Payoff date: When the balance reaches $0 based on your settings.
How extra payments save time and interest
Extra principal goes directly toward your balance, reducing future interest charges and shortening your term. Try monthly, yearly, or a one-time extra payment in the calculator to see time and interest saved. A bi-weekly cadence (26 half payments ≈ 13 full payments per year) can also accelerate payoff.
Understanding principal vs. interest
In the early years, interest dominates because it’s calculated on a larger balance. Over time the balance shrinks, flipping the mix so more of each payment hits principal. The yearly chart above illustrates this progression and includes optional taxes, insurance, and HOA for a more realistic “all-in†view.
Frequently asked questions
Can I switch to bi-weekly payments?
Many lenders allow bi-weekly. Our tool simulates this by adding ~one extra monthly payment per year. Confirm fees and rules with your servicer.
Do taxes and insurance change?
They often change annually. For planning, we use level monthly averages so you can compare scenarios.
Will my real payment equal the first “P&I†shown?
With fixed-rate loans, the principal/interest portion stays constant unless you refinance or recast. Escrows and extra payments can change your total cash outlay.