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Generate a full mortgage amortization schedule showing principal, interest, and balance for every year of your loan.
See your full payment schedule — principal, interest, and balance over the life of your loan.
Monthly Payment
$2,127
Base: $2,127
Total Interest
$445,655
Total Cost
$765,655
Payoff Date
Jul 2056
Loan Amount
$320,000
| Year | Balance | Principal Paid | Interest Paid | Total Interest |
|---|---|---|---|---|
| 1 | $316,743 | $280 | $1,847 | $22,265 |
| 2 | $313,251 | $300 | $1,826 | $44,295 |
| 3 | $309,507 | $322 | $1,805 | $66,073 |
| 4 | $305,493 | $345 | $1,782 | $87,580 |
| 5 | $301,189 | $370 | $1,757 | $108,798 |
| 6 | $296,574 | $397 | $1,730 | $129,705 |
| 7 | $291,626 | $426 | $1,701 | $150,279 |
| 8 | $286,321 | $456 | $1,670 | $170,496 |
| 9 | $280,633 | $489 | $1,638 | $190,330 |
| 10 | $274,535 | $525 | $1,602 | $209,753 |
| 11 | $267,996 | $562 | $1,564 | $228,736 |
| 12 | $260,986 | $603 | $1,524 | $247,248 |
| 13 | $253,469 | $647 | $1,480 | $265,253 |
| 14 | $245,410 | $693 | $1,434 | $282,715 |
| 15 | $236,769 | $743 | $1,384 | $299,596 |
| 16 | $227,504 | $797 | $1,330 | $315,853 |
| 17 | $217,570 | $854 | $1,272 | $331,441 |
| 18 | $206,920 | $916 | $1,211 | $346,313 |
| 19 | $195,500 | $982 | $1,145 | $360,415 |
| 20 | $183,257 | $1,053 | $1,074 | $373,693 |
| 21 | $170,129 | $1,129 | $998 | $386,088 |
| 22 | $156,054 | $1,211 | $916 | $397,534 |
| 23 | $140,963 | $1,298 | $829 | $407,965 |
| 24 | $124,783 | $1,392 | $735 | $417,307 |
| 25 | $107,434 | $1,492 | $634 | $425,480 |
| 26 | $88,834 | $1,600 | $527 | $432,401 |
| 27 | $68,890 | $1,716 | $411 | $437,980 |
| 28 | $47,508 | $1,839 | $287 | $442,119 |
| 29 | $24,581 | $1,972 | $155 | $444,714 |
| 30 | $0 | $2,115 | $12 | $445,655 |
Mortgage Amortization Schedule generates a year-by-year amortization table using the standard PMT formula, showing principal paid, interest paid, and remaining balance — including the effect of extra monthly payments.
See exactly how each mortgage payment splits between principal and interest — and how extra payments can save tens of thousands in interest and cut years off your loan.
Enter your home price, down payment, and interest rate
Select your loan term (30, 20, 15, or 10 years)
Add an extra monthly payment to see how much faster you pay off the loan
Review the annual amortization table to understand the principal/interest split
Monthly payment uses PMT formula. For each period: interest = balance × monthly_rate; principal = min(balance, payment − interest). Extra payment is added to principal each month, reducing balance faster. Annual snapshots aggregate monthly figures. Payoff occurs when balance reaches zero.
With a standard amortization schedule, most of the early payment covers interest on the large outstanding balance. As the balance decreases, more of each payment goes to principal — this is called negative amortization risk in reverse.
On a $350,000 30-year mortgage at 7%, paying an extra $200/month saves ~$75,000 in interest and pays off 6+ years earlier. Use the Extra Payment field to see your specific savings.
If your mortgage rate is below your expected investment return (~7–10%), investing often wins mathematically. But guaranteed mortgage savings vs. uncertain investment returns is a personal risk tolerance decision.
A 15-year mortgage has ~40% higher payments but you pay roughly half the total interest. A 30-year mortgage has lower payments, offering more flexibility, but costs significantly more in total interest.
How much house can you afford? Uses the 28/36 lender rule with live mortgage rates.
Calculate when refinancing pays back its closing costs based on monthly savings.
Calculate your front-end and back-end DTI ratio for mortgage qualification.