Understand Your Mortgage Payments and Loan Timeline
Whether you’re planning to buy a home or refinance, our Amortization Schedule Calculator helps you visualize how your loan is paid off over time. Enter your loan details and get a complete breakdown of monthly payments, interest, and principal — all in one easy-to-read schedule.
An amortization schedule is a table that shows you how a loan is repaid in fixed monthly payments over time. Each payment includes a portion that goes toward the loan principal and a portion that covers interest. Over the life of the loan, the interest portion decreases while the principal portion increases.
This tool is especially useful when planning your mortgage payments, comparing loan options, or estimating how early repayments can save on interest. You can learn more about amortization from Investopedia.
Just follow these simple steps:
Your monthly mortgage payment will be displayed, along with a complete amortization table that shows principal and interest for each month.
If you’re based in Florida, try our Florida Mortgage Calculator for a local estimate that includes state-specific taxes and fees.
Considering refinancing? Use our Mortgage Refinance Calculator to estimate savings from a new loan.
| Month | Payment | Principal | Interest | Remaining Balance |
|---|---|---|---|---|
| Jan 2025 | $1,800 | $400 | $1,400 | $299,600 |
| Feb 2025 | $1,800 | $405 | $1,395 | $299,195 |
| … | … | … | … | … |
Instantly calculate your loan amortization schedule — see how much you’ll pay in principal and interest over the life of your mortgage.