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Amortization Calculator

See how principal and interest shift over the life of the loan.

Anything paid above the required amount goes straight to principal.

—Monthly principal & interest
Total interest paid
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Total of payments
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Payoff time
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Balance over time
Year-by-year schedule
YearInterestPrincipalBalance

Figures are estimates for illustration only and are not a loan offer, rate lock or commitment to lend. Actual payment depends on your credit, the property, the loan programme and current market rates. Taxes and insurance vary by location and are estimated here.

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Want a real number instead of an estimate?

A preapproval uses your actual credit and income, and it is what sellers take seriously.