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