Amortization Calculator
Generate a mortgage payment, total interest estimate, and amortization summary.
This page is an editable estimator with realistic defaults so you can model your own situation in minutes.
Each month interest equals balance times monthly rate; payment above interest reduces principal.
Treat the result as a planning estimate and verify important numbers with the relevant official source before acting.
| Loan amount | $350,000 | |
|---|---|---|
| Rate | 6.75% |
| Month | Balance | Interest paid |
|---|---|---|
| 12 | $346,269.88 | $23,511.00 |
| 24 | $342,280.04 | $46,762.28 |
| 36 | $338,012.40 | $69,735.76 |
| 48 | $333,447.61 | $92,412.09 |
| 60 | $328,564.98 | $114,770.58 |
| 72 | $323,342.39 | $136,789.11 |
| 84 | $317,756.16 | $158,444.00 |
| 96 | $311,780.97 | $179,709.93 |
| 108 | $305,389.74 | $200,559.82 |
| 120 | $298,553.50 | $220,964.70 |
| 132 | $291,241.26 | $240,893.59 |
| 144 | $283,419.90 | $260,313.34 |
Assumptions
- Projection table shows annual snapshots, not every monthly row.
How this calculator works
Formula used
Each month interest equals balance times monthly rate; payment above interest reduces principal.
Example calculation
Plug in your own numbers and the result updates instantly. Each month interest equals balance times monthly rate; payment above interest reduces principal.
Amortization Calculator FAQ
Is this amortization calculator exact?
No. It is a U.S.-focused estimate for planning. Actual mortgage quotes, taxes, insurance, fees, HOA dues, lender rules, and local real estate costs can vary.
What numbers should I enter?
Use current lender quotes, county tax estimates, insurance quotes, HOA dues, and realistic purchase or rent assumptions whenever possible.
Is this mortgage or real estate advice?
No. The result is educational only and is not financial, mortgage, tax, legal, or real estate advice.