Free tool
Amortization schedule
Shows you, year by year and month by month, how much of each payment lowers your debt and how much is interest, and what you save if you pay a little extra.
Free, no sign-up. What you type stays on your phone.
This week's average 30-year rate: 7.18% (Freddie Mac, November 5, 2026).
- Rules verified as of September 14, 2016.
- Public data from Freddie Mac and the Census Bureau
Type your numbers and the result changes right away. Everything is calculated here, in your browser.
Your loan
Example: the typical home value in the United States ($332,700) less the FHA minimum down payment (3.5%). Enter what you owe or plan to borrow.
Adjust advanced details
Let's do the math
Your monthly payment
$2,175
Principal and interest at 7.18% over 30 years. Taxes and insurance not included.
What extra payments would save you
Add an extra payment to see how much interest and how many months you would save.
- Total interest
- $461,924
- Paid off in
- 30 years
- Total you pay
- $782,980
Where your money goes
- Principal (what you borrowed)$321,056 · 41%
- Interest$461,924 · 59%
Your schedule by year
Tap a year to see its monthly payments.
| Year | Principal | Interest | Balance |
|---|---|---|---|
| $3,150 | $22,950 | $317,906 | |
| $3,384 | $22,716 | $314,523 | |
| $3,635 | $22,465 | $310,888 | |
| $3,904 | $22,195 | $306,983 | |
| $4,194 | $21,905 | $302,789 | |
| $4,505 | $21,594 | $298,284 | |
| $4,840 | $21,260 | $293,444 | |
| $5,199 | $20,900 | $288,245 | |
| $5,585 | $20,515 | $282,660 | |
| $5,999 | $20,100 | $276,661 | |
| $6,444 | $19,655 | $270,217 | |
| $6,923 | $19,177 | $263,294 | |
| $7,436 | $18,663 | $255,858 | |
| $7,988 | $18,111 | $247,870 | |
| $8,581 | $17,518 | $239,289 | |
| $9,218 | $16,881 | $230,071 | |
| $9,902 | $16,197 | $220,169 | |
| $10,637 | $15,463 | $209,532 | |
| $11,426 | $14,673 | $198,106 | |
| $12,274 | $13,825 | $185,832 | |
| $13,185 | $12,914 | $172,647 | |
| $14,163 | $11,936 | $158,484 | |
| $15,214 | $10,885 | $143,269 | |
| $16,343 | $9,756 | $126,926 | |
| $17,556 | $8,543 | $109,369 | |
| $18,859 | $7,240 | $90,510 | |
| $20,259 | $5,841 | $70,251 | |
| $21,762 | $4,337 | $48,489 | |
| $23,377 | $2,722 | $25,112 | |
| $25,112 | $987 | $0 |
This is an educational estimate, not a loan offer. Your statement may differ because of rounding or how your lender applies payments.
Rate of 7.18% (Freddie Mac national average as of November 5, 2026). Home insurance is an example; get quotes. This is an educational estimate, not a loan offer.
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How is it calculated?
The same formulas lenders use, with the rules each program publishes. Nothing is hidden.
The formula
Each month: interest = balance × rate ÷ 12; principal = payment − interest; new balance = balance − principal − extra payments.
Example with the numbers for the United States
- Loan
- $326,674
- Rate
- 7.18%
- Principal and interest per month
- $2,213
- First month's interest
- $1,955
- First month's principal
- $258
- Total interest over the term
- $470,007
Computed from the page's data when it was built; in the tool you replace every number with your own.
What moves the result?
Six things that change the number more than anything else.
-
The price
Every dollar of price is a dollar more of loan. It is the first thing that moves the payment.
-
The rate
One point of rate changes the payment for the whole term. Compare at least three offers.
-
The term
Over 15 years you pay more per month and far less interest in total than over 30.
-
Extra payments
A little more principal each month shortens the term and lowers the total interest.
-
Time
At first almost all of the payment is interest; over the years, more and more goes to principal.
-
Mortgage insurance
FHA always charges it; conventional loans only with less than 20% down.
The official numbers behind the tool
Official data the tool uses, so you can compare.
The average rate, week by week
| Week | 30-year | 15-year |
|---|---|---|
| September 17, 2026 | 6.95% | 6.26% |
| September 24, 2026 | 7.03% | 6.42% |
| October 1, 2026 | 7.28% | 6.60% |
| October 8, 2026 | 7.40% | 6.73% |
| October 15, 2026 | 7.40% | 6.71% |
| October 22, 2026 | 7.32% | 6.68% |
| October 29, 2026 | 7.24% | 6.60% |
| November 5, 2026 | 7.18% | 6.57% |
- September 17, 2026 6.95%6.26%
- September 24, 2026 7.03%6.42%
- October 1, 2026 7.28%6.60%
- October 8, 2026 7.40%6.73%
- October 15, 2026 7.40%6.71%
- October 22, 2026 7.32%6.68%
- October 29, 2026 7.24%6.60%
- November 5, 2026 7.18%6.57%
Source: Freddie Mac Primary Mortgage Market Survey (As of November 5, 2026)
Homes and incomes in the most populous counties of the United States
| Place | Typical value | Typical household income | Value ÷ income |
|---|---|---|---|
| Los Angeles County (CA) | $834,200 | $90,112 | 9.3× |
| Cook County (IL) | $324,500 | $83,498 | 3.9× |
| Harris County (TX) | $276,600 | $74,983 | 3.7× |
| Maricopa County (AZ) | $452,800 | $89,300 | 5.1× |
| San Diego County (CA) | $854,700 | $106,268 | 8.0× |
| Orange County (CA) | $962,600 | $116,289 | 8.3× |
| Miami-Dade County (FL) | $463,000 | $71,753 | 6.5× |
| Kings County (NY) | $905,000 | $80,263 | 11.3× |
- Los Angeles County (CA) $834,200$90,112
- Cook County (IL) $324,500$83,498
- Harris County (TX) $276,600$74,983
- Maricopa County (AZ) $452,800$89,300
- San Diego County (CA) $854,700$106,268
- Orange County (CA) $962,600$116,289
- Miami-Dade County (FL) $463,000$71,753
- Kings County (NY) $905,000$80,263
Source: American Community Survey (Average 2020–2024)
— means the source publishes no value.
Want your county's numbers?
Type your county or ZIP code: the tool loads its numbers and keeps them in your browser for the other tools.
Frequently asked questions
Why is almost all of my payment interest at first?
Because interest is figured on what you owe, and at first you owe almost all of it. Each payment leaves you owing a little less, so the interest drops and a bigger part of the same payment goes to principal.
What saves more: paying extra every month or once a year?
It depends on how much you pay and when: money paid earlier saves more interest. Put both options in the tool and compare. Before paying extra, it helps to have an emergency fund.
Will my lender give me the same schedule?
It should look very close. It can differ by cents from rounding, or more if your rate is adjustable, a payment arrived late or your lender applies payments differently. Your statement is the one that counts.
Do you keep my numbers?
No. Everything stays in your browser and you can clear it with the start-over button. We never ask for names or personal data.
Methodology and sources (Freddie Mac and the Census Bureau)
- The monthly payment: from the loan amount, the rate and the term we use the fixed-rate loan formula, the same one as the mortgage calculator. It counts principal and interest only.
- Each month: the interest is what you owe times the yearly rate divided by 12. The rest of the payment lowers what you owe (the principal). That is why almost all of the payment is interest at first.
- Extra payments go entirely to principal: the monthly extra, the once-a-year extra (we add it in the last payment of each loan year) and the one-time payment in the payment number you choose. They never pay more than you owe.
- What you save: we build the same schedule without extra payments and compare. The difference in interest and in months is your saving. The example loan is the typical home value less the FHA minimum down payment (3.5%); replace it with yours.
Data
- Freddie Mac Primary Mortgage Market Survey (As of November 5, 2026)
- American Community Survey (Average 2020–2024)
Program rules
- HUD Handbook 4000.1 (Update 18), II.A.2.a.iv — Minimum Required Investment · In effect since September 14, 2016
What comes next?
Go on to the tool that answers your next question, or read a guide at your own pace.
Want someone to go over it with you? A HUD-approved counselor does it for free or at low cost. Find a counselor
Next step
Mortgage calculator
Your monthly payment with taxes and insurance.
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Guides to read next
- Mortgage insurance: PMI vs. MIP, and when it ends What mortgage insurance is, how conventional-loan PMI differs from FHA MIP, when each one ends and how to ask your servicer to remove it.
- The VA funding fee and the IRRRL refinance How much the VA funding fee is on each loan type, who does not pay it, how to ask for a refund and the IRRRL rules for lowering your interest rate.
- ITIN mortgages: what exists and what lenders ask for Which home loans accept an ITIN and which do not: Fannie Mae's rule, what FHA and USDA say, who lends and how to compare offers.
- Mortgage loan types: FHA, conventional, VA and USDA What each mortgage type asks for, what its insurance costs, fixed or adjustable rate, points and APR. A neutral comparison with official sources.