Mortgage calculator and amortization schedule

Q: How is a monthly mortgage payment calculated?

A monthly mortgage payment is calculated using the loan amount, interest rate, and loan term. The standard formula uses amortization, where each payment covers both interest on the remaining balance and a portion of the principal. Early in the loan, most of the payment goes toward interest; over time, more goes toward principal. Property taxes, homeowners insurance, and PMI are often added to get the total monthly housing cost.

Q: What is an amortization schedule and why does it matter for investors?

An amortization schedule is a table showing each monthly payment broken down into principal and interest over the life of the loan. For real estate investors, it reveals how quickly you build equity, how much total interest you will pay, and how extra payments can shorten the loan term. Understanding amortization helps investors compare financing options and plan long-term cash flow.

Q: How does down payment size affect monthly payment and total interest?

A larger down payment reduces the loan amount, which directly lowers both the monthly payment and the total interest paid over the loan term. Putting down at least 20% also eliminates private mortgage insurance (PMI), saving an additional monthly cost. For investment properties, lenders typically require 15-25% down, making down payment planning critical for cash flow projections.

Q: What is PITI and why do real estate investors track it?

PITI stands for Principal, Interest, Taxes, and Insurance — the four components of a total monthly housing payment. Real estate investors track PITI because it represents the true cost of carrying a property. Comparing PITI against expected rental income determines cash flow, and lenders use PITI ratios to qualify borrowers. Accurately estimating PITI is essential for evaluating whether a rental property will be profitable.

Mortgage Calculator

Amortization Schedule Breakdown

Period	Principal	Interest	Payment	Total Interest Paid	Total Remaining Balance
05/2026	$100	$500	$600	$500	$99,900
06/2026	$100	$500	$600	$1,000	$99,800
07/2026	$101	$499	$600	$1,499	$99,700
08/2026	$101	$498	$600	$1,997	$99,599
09/2026	$102	$498	$600	$2,495	$99,497
10/2026	$102	$497	$600	$2,992	$99,395
11/2026	$103	$497	$600	$3,489	$99,293
12/2026	$103	$496	$600	$3,986	$99,190
01/2027	$104	$496	$600	$4,482	$99,086
02/2027	$104	$495	$600	$4,977	$98,982
03/2027	$105	$495	$600	$5,472	$98,877
04/2027	$105	$494	$600	$5,967	$98,772
05/2027	$106	$494	$600	$6,460	$98,666
06/2027	$106	$493	$600	$6,954	$98,560
07/2027	$107	$493	$600	$7,447	$98,453
08/2027	$107	$492	$600	$7,939	$98,346
09/2027	$108	$492	$600	$8,431	$98,238
10/2027	$108	$491	$600	$8,922	$98,130
11/2027	$109	$491	$600	$9,412	$98,021
12/2027	$109	$490	$600	$9,903	$97,912
01/2028	$110	$490	$600	$10,392	$97,802
02/2028	$111	$489	$600	$10,881	$97,691
03/2028	$111	$488	$600	$11,370	$97,580
04/2028	$112	$488	$600	$11,857	$97,468
05/2028	$112	$487	$600	$12,345	$97,356
06/2028	$113	$487	$600	$12,832	$97,243
07/2028	$113	$486	$600	$13,318	$97,130
08/2028	$114	$486	$600	$13,803	$97,016
09/2028	$114	$485	$600	$14,289	$96,902
10/2028	$115	$485	$600	$14,773	$96,787
11/2028	$116	$484	$600	$15,257	$96,671
12/2028	$116	$483	$600	$15,740	$96,555
01/2029	$117	$483	$600	$16,223	$96,438
02/2029	$117	$482	$600	$16,705	$96,321
03/2029	$118	$482	$600	$17,187	$96,203
04/2029	$119	$481	$600	$17,668	$96,084
05/2029	$119	$480	$600	$18,148	$95,965
06/2029	$120	$480	$600	$18,628	$95,845
07/2029	$120	$479	$600	$19,107	$95,725
08/2029	$121	$479	$600	$19,586	$95,604
09/2029	$122	$478	$600	$20,064	$95,482
10/2029	$122	$477	$600	$20,541	$95,360
11/2029	$123	$477	$600	$21,018	$95,238
12/2029	$123	$476	$600	$21,494	$95,114
01/2030	$124	$476	$600	$21,970	$94,990
02/2030	$125	$475	$600	$22,445	$94,866
03/2030	$125	$474	$600	$22,919	$94,740
04/2030	$126	$474	$600	$23,393	$94,615
05/2030	$126	$473	$600	$23,866	$94,488
06/2030	$127	$472	$600	$24,338	$94,361
07/2030	$128	$472	$600	$24,810	$94,233
08/2030	$128	$471	$600	$25,281	$94,105
09/2030	$129	$471	$600	$25,752	$93,976
10/2030	$130	$470	$600	$26,222	$93,846
11/2030	$130	$469	$600	$26,691	$93,716
12/2030	$131	$469	$600	$27,160	$93,585
01/2031	$132	$468	$600	$27,628	$93,453
02/2031	$132	$467	$600	$28,095	$93,321
03/2031	$133	$467	$600	$28,561	$93,188
04/2031	$134	$466	$600	$29,027	$93,054
05/2031	$134	$465	$600	$29,493	$92,920
06/2031	$135	$465	$600	$29,957	$92,785
07/2031	$136	$464	$600	$30,421	$92,650
08/2031	$136	$463	$600	$30,884	$92,513
09/2031	$137	$463	$600	$31,347	$92,376
10/2031	$138	$462	$600	$31,809	$92,239
11/2031	$138	$461	$600	$32,270	$92,100
12/2031	$139	$461	$600	$32,731	$91,961
01/2032	$140	$460	$600	$33,190	$91,821
02/2032	$140	$459	$600	$33,649	$91,681
03/2032	$141	$458	$600	$34,108	$91,540
04/2032	$142	$458	$600	$34,566	$91,398
05/2032	$143	$457	$600	$35,023	$91,255
06/2032	$143	$456	$600	$35,479	$91,112
07/2032	$144	$456	$600	$35,934	$90,968
08/2032	$145	$455	$600	$36,389	$90,823
09/2032	$145	$454	$600	$36,843	$90,678
10/2032	$146	$453	$600	$37,297	$90,532
11/2032	$147	$453	$600	$37,749	$90,385
12/2032	$148	$452	$600	$38,201	$90,237
01/2033	$148	$451	$600	$38,653	$90,089
02/2033	$149	$450	$600	$39,103	$89,940
03/2033	$150	$450	$600	$39,553	$89,790
04/2033	$151	$449	$600	$40,002	$89,639
05/2033	$151	$448	$600	$40,450	$89,488
06/2033	$152	$447	$600	$40,897	$89,336
07/2033	$153	$447	$600	$41,344	$89,183
08/2033	$154	$446	$600	$41,790	$89,029
09/2033	$154	$445	$600	$42,235	$88,875
10/2033	$155	$444	$600	$42,679	$88,720
11/2033	$156	$444	$600	$43,123	$88,564
12/2033	$157	$443	$600	$43,566	$88,407
01/2034	$158	$442	$600	$44,008	$88,250
02/2034	$158	$441	$600	$44,449	$88,091
03/2034	$159	$440	$600	$44,890	$87,932
04/2034	$160	$440	$600	$45,329	$87,772
05/2034	$161	$439	$600	$45,768	$87,612
06/2034	$161	$438	$600	$46,206	$87,450
07/2034	$162	$437	$600	$46,643	$87,288
08/2034	$163	$436	$600	$47,080	$87,125
09/2034	$164	$436	$600	$47,515	$86,961
10/2034	$165	$435	$600	$47,950	$86,796
11/2034	$166	$434	$600	$48,384	$86,631
12/2034	$166	$433	$600	$48,817	$86,464
01/2035	$167	$432	$600	$49,250	$86,297
02/2035	$168	$431	$600	$49,681	$86,129
03/2035	$169	$431	$600	$50,112	$85,960
04/2035	$170	$430	$600	$50,542	$85,790
05/2035	$171	$429	$600	$50,971	$85,620
06/2035	$171	$428	$600	$51,399	$85,448
07/2035	$172	$427	$600	$51,826	$85,276
08/2035	$173	$426	$600	$52,252	$85,103
09/2035	$174	$426	$600	$52,678	$84,929
10/2035	$175	$425	$600	$53,102	$84,754
11/2035	$176	$424	$600	$53,526	$84,578
12/2035	$177	$423	$600	$53,949	$84,401
01/2036	$178	$422	$600	$54,371	$84,224
02/2036	$178	$421	$600	$54,792	$84,045
03/2036	$179	$420	$600	$55,212	$83,866
04/2036	$180	$419	$600	$55,632	$83,686
05/2036	$181	$418	$600	$56,050	$83,505
06/2036	$182	$418	$600	$56,468	$83,323
07/2036	$183	$417	$600	$56,884	$83,140
08/2036	$184	$416	$600	$57,300	$82,956
09/2036	$185	$415	$600	$57,715	$82,771
10/2036	$186	$414	$600	$58,129	$82,585
11/2036	$187	$413	$600	$58,542	$82,399
12/2036	$188	$412	$600	$58,954	$82,211
01/2037	$188	$411	$600	$59,365	$82,023
02/2037	$189	$410	$600	$59,775	$81,833
03/2037	$190	$409	$600	$60,184	$81,643
04/2037	$191	$408	$600	$60,592	$81,452
05/2037	$192	$407	$600	$60,999	$81,259
06/2037	$193	$406	$600	$61,406	$81,066
07/2037	$194	$405	$600	$61,811	$80,872
08/2037	$195	$404	$600	$62,215	$80,677
09/2037	$196	$403	$600	$62,619	$80,480
10/2037	$197	$402	$600	$63,021	$80,283
11/2037	$198	$401	$600	$63,423	$80,085
12/2037	$199	$400	$600	$63,823	$79,886
01/2038	$200	$399	$600	$64,222	$79,686
02/2038	$201	$398	$600	$64,621	$79,485
03/2038	$202	$397	$600	$65,018	$79,283
04/2038	$203	$396	$600	$65,415	$79,080
05/2038	$204	$395	$600	$65,810	$78,875
06/2038	$205	$394	$600	$66,205	$78,670
07/2038	$206	$393	$600	$66,598	$78,464
08/2038	$207	$392	$600	$66,990	$78,257
09/2038	$208	$391	$600	$67,381	$78,049
10/2038	$209	$390	$600	$67,772	$77,839
11/2038	$210	$389	$600	$68,161	$77,629
12/2038	$211	$388	$600	$68,549	$77,417
01/2039	$212	$387	$600	$68,936	$77,205
02/2039	$214	$386	$600	$69,322	$76,991
03/2039	$215	$385	$600	$69,707	$76,777
04/2039	$216	$384	$600	$70,091	$76,561
05/2039	$217	$383	$600	$70,474	$76,344
06/2039	$218	$382	$600	$70,856	$76,127
07/2039	$219	$381	$600	$71,236	$75,908
08/2039	$220	$380	$600	$71,616	$75,688
09/2039	$221	$378	$600	$71,994	$75,467
10/2039	$222	$377	$600	$72,371	$75,244
11/2039	$223	$376	$600	$72,748	$75,021
12/2039	$224	$375	$600	$73,123	$74,797
01/2040	$226	$374	$600	$73,497	$74,571
02/2040	$227	$373	$600	$73,870	$74,344
03/2040	$228	$372	$600	$74,241	$74,117
04/2040	$229	$371	$600	$74,612	$73,888
05/2040	$230	$369	$600	$74,981	$73,657
06/2040	$231	$368	$600	$75,350	$73,426
07/2040	$232	$367	$600	$75,717	$73,194
08/2040	$234	$366	$600	$76,083	$72,960
09/2040	$235	$365	$600	$76,448	$72,725
10/2040	$236	$364	$600	$76,811	$72,490
11/2040	$237	$362	$600	$77,174	$72,252
12/2040	$238	$361	$600	$77,535	$72,014
01/2041	$239	$360	$600	$77,895	$71,775
02/2041	$241	$359	$600	$78,254	$71,534
03/2041	$242	$358	$600	$78,612	$71,292
04/2041	$243	$356	$600	$78,968	$71,049
05/2041	$244	$355	$600	$79,323	$70,805
06/2041	$246	$354	$600	$79,677	$70,559
07/2041	$247	$353	$600	$80,030	$70,312
08/2041	$248	$352	$600	$80,382	$70,064
09/2041	$249	$350	$600	$80,732	$69,815
10/2041	$250	$349	$600	$81,081	$69,565
11/2041	$252	$348	$600	$81,429	$69,313
12/2041	$253	$347	$600	$81,775	$69,060
01/2042	$254	$345	$600	$82,121	$68,806
02/2042	$256	$344	$600	$82,465	$68,550
03/2042	$257	$343	$600	$82,807	$68,293
04/2042	$258	$341	$600	$83,149	$68,035
05/2042	$259	$340	$600	$83,489	$67,776
06/2042	$261	$339	$600	$83,828	$67,515
07/2042	$262	$338	$600	$84,166	$67,253
08/2042	$263	$336	$600	$84,502	$66,990
09/2042	$265	$335	$600	$84,837	$66,725
10/2042	$266	$334	$600	$85,170	$66,460
11/2042	$267	$332	$600	$85,503	$66,192
12/2042	$269	$331	$600	$85,834	$65,924
01/2043	$270	$330	$600	$86,163	$65,654
02/2043	$271	$328	$600	$86,492	$65,382
03/2043	$273	$327	$600	$86,818	$65,110
04/2043	$274	$326	$600	$87,144	$64,836
05/2043	$275	$324	$600	$87,468	$64,560
06/2043	$277	$323	$600	$87,791	$64,284
07/2043	$278	$321	$600	$88,112	$64,006
08/2043	$280	$320	$600	$88,432	$63,726
09/2043	$281	$319	$600	$88,751	$63,445
10/2043	$282	$317	$600	$89,068	$63,163
11/2043	$284	$316	$600	$89,384	$62,879
12/2043	$285	$314	$600	$89,699	$62,594
01/2044	$287	$313	$600	$90,012	$62,307
02/2044	$288	$312	$600	$90,323	$62,019
03/2044	$289	$310	$600	$90,633	$61,730
04/2044	$291	$309	$600	$90,942	$61,439
05/2044	$292	$307	$600	$91,249	$61,147
06/2044	$294	$306	$600	$91,555	$60,853
07/2044	$295	$304	$600	$91,859	$60,558
08/2044	$297	$303	$600	$92,162	$60,261
09/2044	$298	$301	$600	$92,463	$59,963
10/2044	$300	$300	$600	$92,763	$59,663
11/2044	$301	$298	$600	$93,061	$59,362
12/2044	$303	$297	$600	$93,358	$59,059
01/2045	$304	$295	$600	$93,653	$58,755
02/2045	$306	$294	$600	$93,947	$58,449
03/2045	$307	$292	$600	$94,239	$58,141
04/2045	$309	$291	$600	$94,530	$57,833
05/2045	$310	$289	$600	$94,819	$57,522
06/2045	$312	$288	$600	$95,107	$57,210
07/2045	$313	$286	$600	$95,393	$56,897
08/2045	$315	$284	$600	$95,677	$56,582
09/2045	$317	$283	$600	$95,960	$56,265
10/2045	$318	$281	$600	$96,242	$55,947
11/2045	$320	$280	$600	$96,521	$55,627
12/2045	$321	$278	$600	$96,799	$55,306
01/2046	$323	$277	$600	$97,076	$54,983
02/2046	$325	$275	$600	$97,351	$54,658
03/2046	$326	$273	$600	$97,624	$54,332
04/2046	$328	$272	$600	$97,896	$54,004
05/2046	$330	$270	$600	$98,166	$53,674
06/2046	$331	$268	$600	$98,434	$53,343
07/2046	$333	$267	$600	$98,701	$53,010
08/2046	$334	$265	$600	$98,966	$52,676
09/2046	$336	$263	$600	$99,229	$52,340
10/2046	$338	$262	$600	$99,491	$52,002
11/2046	$340	$260	$600	$99,751	$51,662
12/2046	$341	$258	$600	$100,009	$51,321
01/2047	$343	$257	$600	$100,266	$50,978
02/2047	$345	$255	$600	$100,521	$50,633
03/2047	$346	$253	$600	$100,774	$50,287
04/2047	$348	$251	$600	$101,025	$49,939
05/2047	$350	$250	$600	$101,275	$49,589
06/2047	$352	$248	$600	$101,523	$49,237
07/2047	$353	$246	$600	$101,769	$48,884
08/2047	$355	$244	$600	$102,014	$48,529
09/2047	$357	$243	$600	$102,256	$48,172
10/2047	$359	$241	$600	$102,497	$47,813
11/2047	$360	$239	$600	$102,736	$47,453
12/2047	$362	$237	$600	$102,974	$47,091
01/2048	$364	$235	$600	$103,209	$46,726
02/2048	$366	$234	$600	$103,443	$46,361
03/2048	$368	$232	$600	$103,674	$45,993
04/2048	$370	$230	$600	$103,904	$45,623
05/2048	$371	$228	$600	$104,133	$45,252
06/2048	$373	$226	$600	$104,359	$44,878
07/2048	$375	$224	$600	$104,583	$44,503
08/2048	$377	$223	$600	$104,806	$44,126
09/2048	$379	$221	$600	$105,026	$43,747
10/2048	$381	$219	$600	$105,245	$43,367
11/2048	$383	$217	$600	$105,462	$42,984
12/2048	$385	$215	$600	$105,677	$42,599
01/2049	$387	$213	$600	$105,890	$42,213
02/2049	$388	$211	$600	$106,101	$41,824
03/2049	$390	$209	$600	$106,310	$41,434
04/2049	$392	$207	$600	$106,517	$41,041
05/2049	$394	$205	$600	$106,722	$40,647
06/2049	$396	$203	$600	$106,926	$40,251
07/2049	$398	$201	$600	$107,127	$39,852
08/2049	$400	$199	$600	$107,326	$39,452
09/2049	$402	$197	$600	$107,523	$39,050
10/2049	$404	$195	$600	$107,719	$38,646
11/2049	$406	$193	$600	$107,912	$38,239
12/2049	$408	$191	$600	$108,103	$37,831
01/2050	$410	$189	$600	$108,292	$37,420
02/2050	$412	$187	$600	$108,479	$37,008
03/2050	$415	$185	$600	$108,664	$36,594
04/2050	$417	$183	$600	$108,847	$36,177
05/2050	$419	$181	$600	$109,028	$35,758
06/2050	$421	$179	$600	$109,207	$35,337
07/2050	$423	$177	$600	$109,384	$34,915
08/2050	$425	$175	$600	$109,558	$34,490
09/2050	$427	$172	$600	$109,731	$34,063
10/2050	$429	$170	$600	$109,901	$33,633
11/2050	$431	$168	$600	$110,069	$33,202
12/2050	$434	$166	$600	$110,235	$32,768
01/2051	$436	$164	$600	$110,399	$32,333
02/2051	$438	$162	$600	$110,561	$31,895
03/2051	$440	$159	$600	$110,720	$31,455
04/2051	$442	$157	$600	$110,877	$31,012
05/2051	$444	$155	$600	$111,033	$30,568
06/2051	$447	$153	$600	$111,185	$30,121
07/2051	$449	$151	$600	$111,336	$29,672
08/2051	$451	$148	$600	$111,484	$29,221
09/2051	$453	$146	$600	$111,630	$28,768
10/2051	$456	$144	$600	$111,774	$28,312
11/2051	$458	$142	$600	$111,916	$27,854
12/2051	$460	$139	$600	$112,055	$27,394
01/2052	$463	$137	$600	$112,192	$26,931
02/2052	$465	$135	$600	$112,327	$26,466
03/2052	$467	$132	$600	$112,459	$25,999
04/2052	$470	$130	$600	$112,589	$25,529
05/2052	$472	$128	$600	$112,717	$25,058
06/2052	$474	$125	$600	$112,842	$24,583
07/2052	$477	$123	$600	$112,965	$24,107
08/2052	$479	$121	$600	$113,085	$23,628
09/2052	$481	$118	$600	$113,204	$23,146
10/2052	$484	$116	$600	$113,319	$22,662
11/2052	$486	$113	$600	$113,433	$22,176
12/2052	$489	$111	$600	$113,543	$21,687
01/2053	$491	$108	$600	$113,652	$21,196
02/2053	$494	$106	$600	$113,758	$20,703
03/2053	$496	$104	$600	$113,861	$20,207
04/2053	$499	$101	$600	$113,962	$19,708
05/2053	$501	$99	$600	$114,061	$19,207
06/2053	$504	$96	$600	$114,157	$18,704
07/2053	$506	$94	$600	$114,251	$18,198
08/2053	$509	$91	$600	$114,342	$17,689
09/2053	$511	$88	$600	$114,430	$17,178
10/2053	$514	$86	$600	$114,516	$16,664
11/2053	$516	$83	$600	$114,599	$16,148
12/2053	$519	$81	$600	$114,680	$15,629
01/2054	$521	$78	$600	$114,758	$15,108
02/2054	$524	$76	$600	$114,834	$14,584
03/2054	$527	$73	$600	$114,907	$14,057
04/2054	$529	$70	$600	$114,977	$13,528
05/2054	$532	$68	$600	$115,044	$12,996
06/2054	$535	$65	$600	$115,109	$12,462
07/2054	$537	$62	$600	$115,172	$11,924
08/2054	$540	$60	$600	$115,231	$11,384
09/2054	$543	$57	$600	$115,288	$10,842
10/2054	$545	$54	$600	$115,343	$10,296
11/2054	$548	$51	$600	$115,394	$9,748
12/2054	$551	$49	$600	$115,443	$9,198
01/2055	$554	$46	$600	$115,489	$8,644
02/2055	$556	$43	$600	$115,532	$8,088
03/2055	$559	$40	$600	$115,572	$7,529
04/2055	$562	$38	$600	$115,610	$6,967
05/2055	$565	$35	$600	$115,645	$6,402
06/2055	$568	$32	$600	$115,677	$5,834
07/2055	$570	$29	$600	$115,706	$5,264
08/2055	$573	$26	$600	$115,732	$4,691
09/2055	$576	$23	$600	$115,756	$4,115
10/2055	$579	$21	$600	$115,776	$3,536
11/2055	$582	$18	$600	$115,794	$2,954
12/2055	$585	$15	$600	$115,809	$2,369
01/2056	$588	$12	$600	$115,821	$1,781
02/2056	$591	$9	$600	$115,830	$1,191
03/2056	$594	$6	$600	$115,836	$597
04/2056	$597	$2	$600	$115,838	$0

FAQ

How is a monthly mortgage payment calculated?

What is an amortization schedule and why does it matter for investors?

How does down payment size affect monthly payment and total interest?

What is PITI and why do real estate investors track it?