Tools · Run the numbers
Amortization schedule
Year by year — principal vs. interest and the balance — plus the total interest over the life of the loan.
See exactly how a loan unwinds — how much of each year goes to interest vs. principal, and the total interest over its life. The early-year tilt toward interest is why extra principal early pays off.
Total interest over the life
$459,160
Monthly P&I $2,275
Yearly schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | $4,024 | $23,282 | $355,976 |
| 2 | $4,293 | $23,012 | $351,683 |
| 3 | $4,581 | $22,725 | $347,102 |
| 4 | $4,888 | $22,418 | $342,214 |
| 5 | $5,215 | $22,090 | $337,000 |
| 6 | $5,564 | $21,741 | $331,435 |
| 7 | $5,937 | $21,368 | $325,498 |
| 8 | $6,334 | $20,971 | $319,164 |
| 9 | $6,759 | $20,547 | $312,405 |
| 10 | $7,211 | $20,094 | $305,194 |
| 11 | $7,694 | $19,611 | $297,500 |
| 12 | $8,210 | $19,096 | $289,290 |
| 13 | $8,759 | $18,546 | $280,531 |
| 14 | $9,346 | $17,959 | $271,185 |
| 15 | $9,972 | $17,333 | $261,213 |
| 16 | $10,640 | $16,666 | $250,573 |
| 17 | $11,352 | $15,953 | $239,221 |
| 18 | $12,113 | $15,193 | $227,108 |
| 19 | $12,924 | $14,382 | $214,184 |
| 20 | $13,789 | $13,516 | $200,395 |
| 21 | $14,713 | $12,592 | $185,682 |
| 22 | $15,698 | $11,607 | $169,984 |
| 23 | $16,750 | $10,556 | $153,234 |
| 24 | $17,871 | $9,434 | $135,363 |
| 25 | $19,068 | $8,237 | $116,295 |
| 26 | $20,345 | $6,960 | $95,950 |
| 27 | $21,708 | $5,598 | $74,242 |
| 28 | $23,162 | $4,144 | $51,081 |
| 29 | $24,713 | $2,593 | $26,368 |
| 30 | $26,368 | $938 | $0 |
Principal & interest only — taxes, insurance, HOA, and any mortgage insurance are separate. To see what extra principal does to this schedule, try the extra-payment calculator.
Estimates only — not a quote, pre-approval, or offer of credit. Your actual terms come from a lender's Loan Estimate. This is the textbook schedule — your servicer's statements vary with payment dates and rounding, and escrowed taxes and insurance ride on top.
Terms on this page
- AmortizationThe schedule by which your loan is paid off; early on most of each payment is interest, later most goes to principal.
- PrincipalThe amount you borrowed and still owe, separate from interest.
- Loan termHow long the loan is scheduled to last — shorter terms mean higher payments but far less total interest.
- Principal & interest (P&I)The core loan payment — repaying what you borrowed plus the cost of borrowing it; taxes and insurance ride on top.
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