Mortgage amortization calculator

No account or contact details are required. Enter your own assumptions; results are educational estimates.

What this tool estimates

This tool assumes a fixed interest rate, level monthly payments, and a fully amortizing term. It excludes mortgage insurance, property taxes, homeowners insurance, HOA dues, closing fees, and extra payments. For payment math, enter the loan's note interest rate; APR also reflects certain financing charges and is not the payment rate.

Illustrative example

A $300,000 fixed-rate loan at 6.00% for 30 years has an estimated $1,798.65 monthly principal-and-interest payment. Taxes, insurance, and other housing costs are additional. Actual servicing uses the loan contract and may differ with rounding and payment timing.

Use the result with your loan documents

• APR versus interest rate
• Recast versus refinance
• Compare quote costs with insurance and remaining balance

Educational estimates are not loan offers or approval decisions. Ratespedia LLC, company NMLS #2796610. Check service availability and licensing.