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