Calculators
Mortgage Amortization Calculator
Results are estimates only. See the disclosure below the results.
Amortization preview
See a breakdown of interest and principal over time.
Monthly payment
$1,896.20
Estimated APR
6.542% Estimated APR
Estimated APR is provided for informational purposes only. Actual APR may vary based on lender terms, fees, credit profile, and other factors.
| Mo | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $1,625.00 | $271.20 | $299,728.80 |
| 2 | $1,623.53 | $272.67 | $299,456.12 |
| 3 | $1,622.05 | $274.15 | $299,181.97 |
| 4 | $1,620.57 | $275.64 | $298,906.34 |
| 5 | $1,619.08 | $277.13 | $298,629.21 |
| 6 | $1,617.57 | $278.63 | $298,350.58 |
| 7 | $1,616.07 | $280.14 | $298,070.44 |
| 8 | $1,614.55 | $281.66 | $297,788.79 |
| 9 | $1,613.02 | $283.18 | $297,505.60 |
| 10 | $1,611.49 | $284.72 | $297,220.89 |
| 11 | $1,609.95 | $286.26 | $296,934.63 |
| 12 | $1,608.40 | $287.81 | $296,646.82 |
Total payments: $682,633 over 360 payments
Total interest: $382,633
Amount financed: $298,705 · Loan term: 30 years
Estimated APR
6.542%
Interest rate: 6.500%
Prepaid finance charges: $1,295.00
Amount financed: $298,705.00
The Annual Percentage Rate (APR) shown is an illustrative estimate for educational purposes only. It is calculated from the figures you enter and assumes the loan is held to full term with no changes. It is not a quote, offer, commitment to lend, or an advertisement of specific credit terms. Actual APR depends on the final loan amount, interest rate, term, and the finance charges that apply to your transaction, and will be disclosed on your Loan Estimate and Closing Disclosure. Third-party costs that are not finance charges (such as appraisal, title services you shop for, recording fees, taxes, and homeowners insurance) are excluded from APR. Rates, fees, and terms are subject to change and to credit approval; not all applicants will qualify.
How This Calculator Works
Where Each Mortgage Payment Goes
Amortization is the schedule that pays a loan down to zero. Early payments are mostly interest; later payments are mostly principal.
What the inputs mean
Loan amount, interest rate, and term determine a fixed principal-and-interest payment. The schedule then shows how that same payment splits between interest and principal each month.
How to read the results
Watch how the remaining balance falls over time and how much total interest is paid over the life of the loan. Comparing a 15-year and a 30-year term here shows the trade-off between payment size and total interest. Estimated APR folds lender fees, discount points, and other prepaid finance charges into a single yearly cost figure, so it is usually a little higher than the note rate. Use it to compare scenarios, not as a quoted rate.