Free financial calculator guide
Mortgage Payment and Amortization Calculator
Explore mortgage payments and an amortization schedule showing principal and interest over time.
Use the free Mortgage Amortization Calculator
Open the working calculator on the MoneyWise Tools homepage. It does not require a Premium subscription.
Open Mortgage Amortization Calculator →Why this calculation matters
Mortgage amortization shows how each scheduled payment is divided between interest and principal. Early payments on a typical fixed-rate loan are more interest-heavy.
How to use the calculator
Enter the loan amount, interest rate and term, then review the estimated payment and amortization breakdown.
What to keep in mind
Property taxes, homeowners insurance, HOA dues and mortgage insurance may add to the actual monthly housing payment.
The interactive calculator is on our main calculator page. Use the button above to jump directly to it; the guide here explains the inputs and how to interpret your estimate.
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Educational estimates only; not personalized financial, tax or investment advice. Read our disclaimer.