Calculate your mortgage payments and view your complete amortization schedule
Mortgage amortization is the process of paying off a home loan over time through regular payments. Each payment consists of both principal and interest, with the proportion changing over the life of the loan.
In the early years of a mortgage, a larger portion of each payment goes toward interest rather than principal. As time passes, this ratio shifts, and more of each payment is applied to the principal balance.
This calculator helps you understand how your mortgage payments are distributed over time, showing you exactly how much goes toward principal and interest with each payment.