Amortization Calculator|Get Schedule, Table and Chart

Amortization Calculator|Get Schedule, Table and Chart

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Our Amortization Schedule Calculator gives you a full amortization schedule & chart. Calculate your payment rate on interest and principal, and determine what your payments will be over time.

Using an amortization calculator is helpful when you are shopping for a new mortgage or if you want to refinance. This mortgage calculator makes it simple and easy to get a full amortization schedule in a chart or table format.

Here's how our amortization calculator can help you find the right mortgage.

Amortization Calculator


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Total Interest Payable

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How to use the Amortization calculator

Monthly principal and interest (P&I) payment: Enter the amount you want to borrow, the interest rate, and the repayment period. The amortization calculator displays how much your P&I installment will be based on the information provided. This assists in determining how much you can afford to borrow at prevailing interest rates. As a reminder, payment amounts shown by the calculator do not include amounts needed for payment of property taxes, hazard insurance and mortgage insurance.

Affordable payments: You can determine payment amounts using various loan amounts and interest rates. By comparing loan amounts, terms, and interest rates, you can determine how much you can afford to borrow.

Learn how much you'll pay during the life of your mortgage loan: The amortization calculator provides the dollar total amount of P&I payments made during the full term of the loan. If you want to pay off your mortgage sooner, you can adjust the term accordingly to see how much you would need to pay each month.

Benefits of a shorter repayment term: If paying off your mortgage is a priority, refinancing from a 30-year mortgage to a 15-year mortgage can help you save a lot of money. Use the calculator to see how much you can save by selecting a shorter repayment period.

  • As an example, if you borrow $200,000 at 5.25% for 30 years, you'll repay approximately $397,586.67. This includes interest of $197,586.67, which almost amounts to repaying your mortgage twice!
  • If you refinance for 15 years for the same loan amount and interest rate, your P&I payment would be $1607.76, and you would repay about $289,395.98 over 15 years. You could potentially save $108,190.69 in interest payments compared to a 30-year mortgage. And savings on a 15-year loan will probably be more, as interest rates are typically .25% to .50% lower.

Using an amortization calculator can help you identify mortgage terms that best meet your needs and ability to pay. Once these have been identified, be sure and compare lenders to ensure that you are doing your homework and researching to get the best loan rates available to you.

103 Responses to "Amortization Calculator|Get Schedule, Table and Chart"
  1. Don in Bethesda 04, Dec, 2007

    Very helpful...I used it to help decide that I can, in fact, afford the second home I want to buy. - - - - EDITOR'S COMMENT: Glad to hear it!!

  2. terry 28, Nov, 2007

    What I really wanted was to calculate and print out schedule but with my putting in the monthly payment amount and have the time run as it will. - - - - EDITOR'S COMMENTS: No problem! Start by using the Affordability Calculator. Play with that until you find the loan term (repayment period) that will produce in the calculator results the loan amount of the loan you are seeking. This will be the quickest way to determine the total amount of time it will take to repay a loan of your size with your pre-determined monthly payment amount. Once you've done that, simply type that data into the Amortization Calculator to produce the schedule you're looking for. I think you'll find this method of approaching your issue to be quick and efficient. Then you can use the Prequalifcation Calculator to see whether you meet the prequalification criteria for that loan amount :-)

  3. Aubrey 21, Nov, 2007

    A very good tool. I use it to calculate when I will be fully paid up if I increase my payments by x amount each month.

  4. Alan 31, Oct, 2007

    To be usefull you need consumer ability to calculate both momthly payment and breakdown of amounts paid each month in interest AND pricipal, along with approximate payoff amount. - - - - EDITOR'S COMMENTS: We re-engineered this calculator and it now does what you have proposed. Just click the "View Amortization" button. Thanks for the suggestion.

  5. Bob Menth 29, Oct, 2007


  6. mike 22, Oct, 2007

    can you tell me how to determine the index number that is added to the rate that generates the payment for a particular interest rate. for example: what number do I add to 6.5% to obtain the payments for a 30 year ammortized loan?

  7. kfc 18, Oct, 2007

    not helpful to me

  8. hannah 07, Oct, 2007

    Thank You


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