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