Amortization Calculator
Mortgage Amortization Calculator
Calculate your mortgage payments and view your complete amortization schedule
About Mortgage Amortization Calculator
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.
How to Use This Calculator
- Enter your loan amount (the principal you're borrowing)
- Input the annual interest rate (in percentage)
- Specify the loan term in years (typically 15 or 30 years for mortgages)
- Click "Calculate" to see your amortization schedule
Understanding Your Results
- Monthly Payment: The amount you'll pay each month for the duration of the loan
- Total Principal: The original amount borrowed
- Total Interest: The total amount you'll pay in interest over the life of the loan
- Amortization Schedule: A detailed breakdown of each payment, showing how much goes to principal and interest