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Mortgage Amortization Table

Last updated 23rd Sep 2022
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You can use this mortgage amortization table calculator to determine your monthly mortgage payments, and the remaining loan balance at the end of each year through the creation of an amortization table for the loan. This calculator only requires three inputs: the total home loan amount, the annual interest rate, and the length of the loan.

Calculator Definitions

The variables used in our online calculator are defined in detail below, including how to interpret the results.

Total Home Loan Amount ($)

The total amount of money borrowed for this mortgage, also referred to as the principal of the loan.

Annual Interest Rate (%)

This is the annual interest rate on the mortgage. This is not the APR, which takes into account other costs associated with the mortgage.

Term of the Loan (Years)

The term of the loan is the number of years over which the mortgage will be repaid. The most common mortgage terms are 15, 20, and 30 years.

Monthly Payment ($ / Month)

This is the monthly mortgage payment for the loan itself, not including mortgage insurance or property taxes, which are sometimes included with your mortgage payment.

Total Payments ($)

The total amount paid to the bank or lending institution over the life of the mortgage.

Total Interest Paid ($)

The total amount of interest charges over the term of the mortgage. This is the cost of borrowing money from the lending institution.

Amortization Table

The amortization this calculator computes provides the user with the remaining principal balance at the end of each year of the loan. The amortization table is sized to be able to handle loans that are up to 30 years in length.


Mortgage Amortization Table


Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.

Moneyzine Editor

Moneyzine Editor