What does an amortization schedule show?
It shows each payment in order, including how much goes to principal, how much goes to interest, and what balance remains after that payment posts.
Mortgage Amortization Schedule Calculator
Inspect every monthly payment, balance step-down, and interest charge instead of relying on summary numbers alone
Loan Details
Adjust your mortgage parameters
$400,000
$50,000$2,000,000
20%
0%50%
Payment Frequency
Standard monthly payments
MonthlyBi-Weekly
%
yrs
Loan Amount
$320,000
Down Payment
$80,000
Mortgage Rate Examples
Illustrative only
Use these examples to compare loan structures before you request live quotes.
30-Year Fixed
6.75%
15-Year Fixed
6.00%
5/1 ARM
5.75%
These examples are not live market rates. Actual offers vary by lender, credit score, loan type, and location.Learn about mortgage types >
Amortization Schedule
360 total payments
| Year | Payment | Principal | Interest | PMI | LTV | Balance |
|---|---|---|---|---|---|---|
Year 1 | $24,271 | $3,577 | $20,695 | - | 79.1% | $316,423 |
Year 2 | $24,271 | $3,816 | $20,455 | - | 78.2% | $312,607 |
Year 3 | $24,271 | $4,072 | $20,200 | - | 77.1% | $308,535 |
Year 4 | $24,271 | $4,345 | $19,927 | - | 76.0% | $304,191 |
Year 5 | $24,271 | $4,636 | $19,636 | - | 74.9% | $299,555 |
Year 6 | $24,271 | $4,946 | $19,325 | - | 73.7% | $294,609 |
Year 7 | $24,271 | $5,277 | $18,994 | - | 72.3% | $289,332 |
Year 8 | $24,271 | $5,631 | $18,641 | - | 70.9% | $283,701 |
Year 9 | $24,271 | $6,008 | $18,264 | - | 69.4% | $277,694 |
Year 10 | $24,271 | $6,410 | $17,861 | - | 67.8% | $271,284 |
Year 11 | $24,271 | $6,839 | $17,432 | - | 66.1% | $264,444 |
Year 12 | $24,271 | $7,297 | $16,974 | - | 64.3% | $257,147 |
Year 13 | $24,271 | $7,786 | $16,485 | - | 62.3% | $249,361 |
Year 14 | $24,271 | $8,308 | $15,964 | - | 60.3% | $241,053 |
Year 15 | $24,271 | $8,864 | $15,407 | - | 58.0% | $232,189 |
Year 16 | $24,271 | $9,458 | $14,814 | - | 55.7% | $222,732 |
Year 17 | $24,271 | $10,091 | $14,180 | - | 53.2% | $212,641 |
Year 18 | $24,271 | $10,767 | $13,505 | - | 50.5% | $201,874 |
Year 19 | $24,271 | $11,488 | $12,784 | - | 47.6% | $190,386 |
Year 20 | $24,271 | $12,257 | $12,014 | - | 44.5% | $178,129 |
Year 21 | $24,271 | $13,078 | $11,193 | - | 41.3% | $165,051 |
Year 22 | $24,271 | $13,954 | $10,317 | - | 37.8% | $151,097 |
Year 23 | $24,271 | $14,888 | $9,383 | - | 34.1% | $136,208 |
Year 24 | $24,271 | $15,886 | $8,386 | - | 30.1% | $120,323 |
Year 25 | $24,271 | $16,949 | $7,322 | - | 25.8% | $103,373 |
Year 26 | $24,271 | $18,085 | $6,187 | - | 21.3% | $85,289 |
Year 27 | $24,271 | $19,296 | $4,976 | - | 16.5% | $65,993 |
Year 28 | $24,271 | $20,588 | $3,683 | - | 11.4% | $45,405 |
Year 29 | $24,271 | $21,967 | $2,305 | - | 5.9% | $23,438 |
Year 30 | $24,271 | $23,438 | $833 | - | 0.0% | $0 |
About This Tool
Schedule analysis
Inspect each payment instead of relying on summary numbers alone
This version puts the amortization table at the center so you can see when principal starts accelerating, when PMI drops, and how extra payments change the balance path.
Typical Use
1-2 minutes
Best For
Borrowers comparing payoff timing, interest front-loading, and month-by-month balance changes
Main Output
A detailed amortization timeline with balance, principal, and interest by payment
Built Around
Standard mortgage math and planning assumptions
What to prepare
- Home price or loan amount, down payment, rate, and term
- Optional PMI, taxes, insurance, and extra principal assumptions
What you get back
- Month-by-month payment split and remaining balance
- A cleaner view of payoff timing, PMI drop-off, and early-payoff leverage
Why trust this view
- Uses the same amortization math as the main mortgage calculator
- Shows the full balance path so you can audit when the savings actually happen
- Useful for planning, but lender servicing rules can still affect real-world timing
Source notes and methodology details are available on our references page.
Amortization TableBalance PathPMI Timeline
Industry-Standard Calculations
Our calculations follow the Truth in Lending Act (TILA) guidelines and use standard financial formulas employed by major lending institutions.
Monthly Payment Calculation
M = P[r(1+r)^n]/[(1+r)^n-1]Where M = monthly payment, P = principal loan amount, r = monthly interest rate, n = number of payments
Amortization Schedule
Standard declining balance methodEach payment is split between interest (calculated on remaining balance) and principal reduction
APR Estimation
Includes interest + fees over loan termAnnual Percentage Rate calculations include all financing charges as required by Truth in Lending Act (TILA)
About MortgageCalcMaster
Content is published under the MortgageCalcMaster editorial team workflow, currently led by the site operator, reviewed against public mortgage and consumer-finance sources, and updated when assumptions, formulas, or product behavior materially change.
Last reviewed: March 2026. All calculators and guides are intended for education and planning. They do not replace lender disclosures or advice from licensed professionals. Learn more about our editorial process
How to Use Amortization Schedule Calculator
1
Enter the home price, down payment, rate, and term to build the baseline schedule.
2
Open the Amortization tab to review each payment row in sequence.
3
Add PMI, taxes, insurance, or extra principal to see how the schedule shifts under more realistic ownership costs.
4
Use the table to check when balance declines meaningfully, when PMI ends, and how much earlier payoff happens after extra payments.
Key Terms Explained
- Amortization Schedule
- The full sequence of mortgage payments showing principal, interest, and remaining balance over time.
- Principal
- The amount of each payment that reduces the loan balance.
- Interest
- The financing cost charged on the remaining balance each period.
- Remaining Balance
- What is still owed on the mortgage after each payment posts.
Pro Tips
- Scan the first few years closely because that is where extra principal usually has the biggest interest impact.
- Use the schedule to validate refinance timing, PMI removal timing, and payoff strategy instead of guessing from headline totals.
- If you compare two loans, keep taxes and insurance assumptions aligned so the schedule difference stays focused on financing.
Important Note
This calculator provides estimates based on standard formulas. Actual loan terms may vary based on your credit score, lender policies, and market conditions. Always consult with a qualified mortgage professional before making financial decisions.
Related Guides
Use these guides to understand what the schedule is telling you and what to do with it next.
Guide
Understanding Amortization
Learn why the payment split changes over time and why early principal matters most.
Guide
How Mortgage Interest Works
Connect the balance path to the financing cost behind each row.
Guide
15 vs 30 Year Mortgage
See how term length changes the whole schedule from the start.
Related Tools
Keep the payoff analysis moving with adjacent calculators built from the same mortgage math.
Tool
Extra Payment Calculator
Measure how added principal shortens the schedule and cuts interest.
Tool
Biweekly Mortgage Calculator
Test whether payment cadence alone speeds up payoff enough to matter.
Tool
15 vs 30 Year Mortgage Calculator
Compare how a shorter term changes payment pressure and interest cost.
FAQ
Mortgage Amortization Schedule Calculator FAQ
These answers explain the assumptions behind the calculator so users can interpret the output with the right context.
Why is the early schedule so interest-heavy?
Because interest is charged on the largest balance at the start of the loan. As the balance falls, the interest portion shrinks and more of the payment reaches principal.
Do extra payments change the amortization schedule immediately?
Yes. Extra principal reduces the balance sooner, which lowers future interest and changes every later row in the schedule.