Free home finance tool
Generate a complete amortization schedule from a loan amount, rate, term, and start date. See your monthly P&I, total interest, payoff date, and the impact of any extra payments. Focused on the schedule — for the full mortgage workflow with taxes, insurance, PMI, and HOA, use the main mortgage calculator instead.
Monthly P&I
$2,075.51
Principal and interest only — no taxes or insurance
Total interest
$427,185
Total paid
$747,185
Payoff date
December 2055
Enter the three core numbers below for a quick schedule. Open Refine your estimate for start date and extra payments.
Quick estimate
Refine your estimate
Start date and extra payments. Open this to set the loan start month or model additional principal payments.
Start date
Extra payments
Every dollar of extra payment goes straight to principal, shortening the loan and reducing total interest.
Schedule
| Year | Principal | Interest | Ending balance |
|---|---|---|---|
| 2026 | $3,410 | $21,496 | $316,590 |
| 2027 | $3,648 | $21,258 | $312,942 |
| 2028 | $3,902 | $21,004 | $309,040 |
| 2029 | $4,174 | $20,733 | $304,866 |
| 2030 | $4,464 | $20,442 | $300,402 |
| 2031 | $4,775 | $20,131 | $295,627 |
| 2032 | $5,107 | $19,799 | $290,520 |
| 2033 | $5,463 | $19,443 | $285,057 |
| 2034 | $5,843 | $19,063 | $279,213 |
| 2035 | $6,250 | $18,656 | $272,963 |
| 2036 | $6,685 | $18,221 | $266,278 |
| 2037 | $7,151 | $17,755 | $259,127 |
| 2038 | $7,649 | $17,257 | $251,478 |
| 2039 | $8,181 | $16,725 | $243,296 |
| 2040 | $8,751 | $16,155 | $234,545 |
| 2041 | $9,360 | $15,546 | $225,185 |
| 2042 | $10,012 | $14,894 | $215,173 |
| 2043 | $10,709 | $14,197 | $204,463 |
| 2044 | $11,455 | $13,451 | $193,008 |
| 2045 | $12,253 | $12,654 | $180,756 |
| 2046 | $13,106 | $11,800 | $167,650 |
| 2047 | $14,018 | $10,888 | $153,632 |
| 2048 | $14,994 | $9,912 | $138,638 |
| 2049 | $16,038 | $8,868 | $122,600 |
| 2050 | $17,155 | $7,751 | $105,445 |
| 2051 | $18,349 | $6,557 | $87,095 |
| 2052 | $19,627 | $5,279 | $67,468 |
| 2053 | $20,994 | $3,912 | $46,474 |
| 2054 | $22,455 | $2,451 | $24,019 |
| 2055 | $24,019 | $887 | $0 |
Generate a full amortization schedule with payoff date, total interest, and the impact of extra payments — focused on the schedule, not the full PITI breakdown.
These cover what an amortization schedule is, why this tool asks for less than the main mortgage calculator, and how extra payments change the timeline.
FAQ
An amortization schedule is a payment-by-payment breakdown of a fixed-rate loan. For each payment it shows how much goes to principal (paying down the loan) and how much goes to interest, plus the remaining balance after that payment. Early payments are mostly interest; later payments are mostly principal. The schedule also tells you the exact date the loan is paid off and the total interest you'll pay over the life of the loan.
FAQ
This page is focused. It only asks for what's needed to generate the amortization schedule itself: loan amount, rate, term, and start date. It deliberately doesn't ask for property tax, homeowners insurance, PMI, or HOA dues — those are part of your monthly housing payment but they don't affect amortization (they don't pay down principal). If you want the full PITI breakdown including taxes and insurance, use the main mortgage calculator instead.
FAQ
Every dollar of extra payment goes straight to principal, which means it permanently shaves interest off the rest of the loan. Even small extras compound dramatically over a 30-year mortgage: an extra $200 a month on a typical loan can save tens of thousands in interest and shorten the term by several years. The tool shows interest saved and time saved as soon as you enter any extra. The schedule reflects all three extra-payment types (monthly, annual, one-time) at the right rows.
FAQ
Yes. The math is the same for any fixed-rate amortizing loan — auto loans, personal loans, business loans, student loans. Just enter the loan amount, rate, and term as you would for a mortgage. The labels say 'mortgage' because that's what most people search for, but the schedule and totals are correct for any amortizing loan.
FAQ
P&I stands for principal and interest — the part of a mortgage payment that actually pays down the loan and pays the lender for the money. This page shows only P&I because it doesn't ask for property tax, insurance, PMI, or HOA. Your real monthly housing payment will be larger because those items get added on top. For the full housing-payment view, use the main mortgage calculator.
FAQ
No. Everything runs in your browser. The schedule and totals are computed locally, the page makes no network requests for the calculation, and nothing you type is logged, stored, or transmitted to Everyday Tools Hub or anywhere else. The CSV download is generated and triggered entirely client-side.
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