Mortgage Amortization Calculator
Calculate your monthly mortgage payment including principal, interest, taxes, insurance, and HOA fees. Our free mortgage amortization calculator helps you calculate monthly payments, total interest, and the full amortization schedule for your home loan. Easily include taxes, insurance, and HOA fees to get a true picture of your total mortgage cost.
Our mortgage amortization calculator helps you understand how your monthly mortgage payment is broken down between principal and interest over the life of your loan. In the early years of your mortgage, most of your payment goes toward interest, but as time passes, more of your payment goes toward reducing the principal balance. This calculator shows you exactly how this breakdown changes over time, helping you make informed decisions about your home financing.
Key Components:
- Principal & Interest: The core loan payment that pays down your mortgage balance
- Property Tax: Annual taxes paid to local government, typically escrowed monthly
- Home Insurance: Required coverage to protect your investment
- HOA Fees: Monthly fees for community amenities and maintenance (if applicable)
Your monthly mortgage payment typically includes four main components, often called PITI: Principal, Interest, Taxes, and Insurance. Understanding each component helps you budget accurately for homeownership. Principal is the portion that reduces your loan balance, interest is the cost of borrowing money, taxes go to your local government, and insurance protects your investment. Our mortgage calculator with amortization schedule shows how these components change over time.
Principal vs Interest Breakdown
In the early years of your mortgage, most of your payment goes toward interest. As time passes, more of your payment goes toward reducing the principal balance. This calculator shows you exactly how this breakdown changes over time, helping you make informed decisions about your home financing.
Property Taxes and Insurance
These costs are typically included in your monthly payment and held in an escrow account to be paid on your behalf when due. Our mortgage amortization calculator with taxes and insurance shows you the complete picture of your monthly housing costs.
A mortgage calculator with amortization helps you understand the true cost of your loan over time. It shows how much interest you'll pay throughout the life of the loan and how different factors affect your payment. For a more detailed amortization schedule, check out our loan amortization calculator to see month-by-month breakdowns of principal and interest payments.
- Compare loan options: See how different interest rates and terms affect your total cost
- Plan extra payments: Understand how additional payments can reduce your loan term and interest costs
- Budget effectively: Know exactly how much you'll need to save for your monthly housing expenses
Making extra payments toward your mortgage principal can significantly reduce the total interest paid over the life of your loan and help you pay off your mortgage faster. Even small additional payments can result in substantial savings over time. Use our calculator to see how additional payments can impact your loan term and total interest. This mortgage amortization calculator with extra payments feature shows you the exact impact of additional payments on your loan term and total interest.
Add HOA Fees or Extra Payments
Use our calculator to see how additional payments can impact your loan term and total interest. Even small extra payments can result in substantial savings over time. Our mortgage calculator and amortization schedule provides a comprehensive view of your payment components.
How do I calculate my mortgage amortization schedule?
Enter your loan amount, interest rate, and term to generate a complete schedule showing how much of each payment goes to interest vs principal.
Can I add extra payments to pay off my mortgage faster?
Yes. Our mortgage amortization calculator with extra payments shows how additional contributions shorten your loan term.
What does a mortgage amortization chart show?
It visualizes how your balance decreases over time, with more of your payment going to principal as the loan matures.
Our mortgage amortization calculator provides a detailed breakdown of your payments over the life of the loan. This schedule shows exactly how much of each payment goes toward principal and interest, helping you plan your finances. The printable mortgage amortization schedule feature allows you to save and reference your payment plan at any time. This mortgage amortization calculator online gives you the tools you need to understand your loan fully.