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