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