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Financial Planning Tool

Amortization Calculator

Visualize your mortgage payoff schedule, see how much goes to principal vs interest, and discover how extra payments can save you thousands in interest.

Loan Details
Enter your loan information to calculate the amortization schedule
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Add extra payments to see how much you can save

Monthly Payment$2,661
Total Interest Paid
$558,036
Over the life of the loan
Total Amount Paid
$958,036
Principal + Interest
Payoff Timeline
30y 0m
360 total payments
First Year Breakdown
Principal:$4,063
Interest:$27,871
87.3% goes to interest
Principal vs Interest Over Time
See how your payment allocation changes throughout the loan term
Year 1$31,935
87% Interest
Principal: $4,063Interest: $27,871
Year 5$31,935
17% Principal
83% Interest
Principal: $5,372Interest: $26,563
Year 10$31,935
24% Principal
76% Interest
Principal: $7,615Interest: $24,319
Year 15$31,935
34% Principal
66% Interest
Principal: $10,796Interest: $21,139
Year 20$31,935
48% Principal
52% Interest
Principal: $15,304Interest: $16,630
Year 25$31,935
68% Principal
32% Interest
Principal: $21,695Interest: $10,239
Year 30$31,935
96% Principal
Principal: $30,756Interest: $1,179
Principal
Interest
Amortization Schedule
Download the complete payment-by-payment breakdown

Get a detailed breakdown of all 360 payments showing principal, interest, and remaining balance for each month.

Smart Strategies to Pay Off Your Mortgage Faster

Make Biweekly Payments

Instead of 12 monthly payments, make 26 biweekly payments (half your monthly payment every 2 weeks). You'll make one extra payment per year, saving thousands in interest.

Round Up Your Payments

If your payment is $2,847, round up to $3,000. The extra $153/month adds up quickly and can shave years off your loan without feeling the pinch.

Apply Windfalls to Principal

Tax refunds, bonuses, or inheritance? Apply them directly to your principal balance. A one-time $10,000 payment can save you $20,000+ in interest over time.

Refinance to a Shorter Term

If rates drop or your income increases, refinance from a 30-year to a 15-year mortgage. Higher payments but massive interest savings and faster equity building.

Ready to Get Your Mortgage?

See if you qualify in just 2 minutes. No credit pull required.