Amortization Calculator

Please note:
This payment calculator only covers principal and interest. Your monthly payment to your lender may be higher to reflect taxes and insurance.
- In this calculation, the original amount of the loan is paid off over the life of the loan. In other words, the principal is amortized.
- Under a fixed-rate mortgage loan, this monthly payment will not change over the life of the loan.
- Under an adjustable-rate mortgage, this monthly payment is subject to change, as mortgage rates change over time.
- The amortization tables show the balance outstanding on the mortgage loan at the end of the month or year, as selected.
- Results are rounded to the nearest dollar, and should not be considered an official payment schedule.
- Estimates on the Yearly Amortization Table reflect the anniversary of the mortgage loan rather than the calendar years.

Enter rounded numbers only other than in the Interest Rate field. Do not use commas.