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