This amortization calculator will help you determine how much of your monthly payment will go towards the principle and how much will go towards the interest. You can also use this calculator to create a printable amortization table for your loan and to estimate the monthly payments on your mortgage. Simply fill in the fields below and click on calculate.
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Use this calculator to quickly determine your monthly mortgage payment.
A mortgage amortization calculator shows how much of your monthly mortgage payments goes toward principal (the money you borrowed), and how much goes toward interest.
With a mortgage, the amount going toward principal starts out small, and gradually grows larger month by month. Meanwhile, the amount going toward interest declines month by month.
The amortization schedule calculator shows:
This means you can use the mortgage amortization calculator to:
- All mortgage debt
The Smiths bought a house four years ago. Today, it's worth $200,000 and they owe $120,000 on the mortgage. Their equity is:
$200,000 market value
- $120,000 mortgage balance
= $80,000 equity
To use the mortgage amortization calculator, enter your mortgage amount, the term in years, the interest rate and the start date. Click on "Show Amortization Schedule."