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