Amortization Schedule Calculator

View a year-by-year breakdown of principal, interest, and remaining balance for your mortgage.

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    Yearly Breakdown

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    Understanding Amortization

    In the early years of a mortgage, the vast majority of your payment goes toward interest. For example, on a $320,000 loan at 7%, your first payment is roughly $1,862 — of which about $1,867 is interest and only ~$262 reduces your balance. By year 30, it's the opposite.

    This front-loaded interest structure is why paying even $100 extra per month early in the loan saves dramatically more than the same $100 paid in year 25.