Build scenarios to compare your mortgage amortization based on loan amount, interest rate, loan term, and whether extra monthly payments are made.
$
Total mortgage loan amount.
Interest rate per year as a percentage (Example: Average 30-year fixed mortgage rate in 2024: 6.8%)
Number of years over which the mortgage will be paid.
$
Additional payment applied each month to reduce principal.
01/15/2026
Date when mortgage payments begin.
Mortgage has a fixed interest rate that never changes during the life of the loan.
Monthly principal and interest payments remain constant throughout the term.
Amortization chart and table does not include property taxes, homeowners insurance, Homeowner Association (HOA) fees, or Private Mortgage Insurance (PMI) in the payment calculation.
Any extra payments are applied directly to the loan principal without penalties or restrictions.
Loan begins immediately and the first payment occurs one month after the start date.
Disclaimer: The financial calculators and content on this website are for informational and educational purposes only. They are not intended as financial, tax, or investment advice. All results are estimates based on the data you provide and assumptions made by the model. Actual outcomes may vary significantly. Please consult a licensed financial advisor before making any financial decisions.Privacy Policy|Terms of Use