Mortgage Amortization Schedule
Enter your loan details below to generate a complete amortization schedule showing every payment, how much goes to principal, how much to interest, and your remaining balance.
= $80,000
Monthly Payment
$2,129
Loan Amount
$320,000
Total Interest
$446,428
Total Cost
$846,428
Payment Breakdown
Down Payment$80,000 (9.5%)
Principal$320,000 (37.8%)
Total Interest$446,428 (52.7%)
What Is an Amortization Schedule?
An amortization schedule is a complete table of periodic loan payments showing the amount of principal and interest that make up each payment. Early in a mortgage, most of your payment goes toward interest. Over time, as the principal balance decreases, more of each payment goes toward principal.
How to Read Your Amortization Table
- Payment # — which payment number in the loan term
- Principal — the portion reducing your loan balance
- Interest — the cost of borrowing for that period
- Balance — remaining loan balance after the payment
How Extra Payments Affect Amortization
Making extra principal payments accelerates your amortization — you pay less total interest and pay off your loan sooner. Even one extra payment per year can shave years off a 30-year mortgage and save tens of thousands in interest.