Mortgage Amortization Calculator — Full Payment Schedule & Payoff Date

See your exact payoff date, full payment breakdown, and how to save thousands in interest

What is this? This calculator tells you the exact month and year you'll pay off your mortgage, breaks down every payment into principal, interest, taxes, and insurance, and shows exactly how much of your money goes to the bank vs. building your equity. It also reveals the true cost of carrying a mortgage over 15 or 30 years.

Who it's for: Home buyers comparing loan offers, homeowners weighing a refinance, or anyone making extra payments and wanting to see exactly how much they'll save. Works for Conventional, FHA, and VA loans.

Loan Details

Home Price ($) oninput="calculate()"

Down Payment ($) oninput="calculate()"

Interest Rate (%) oninput="calculate()"

Loan Type

Loan Term

Start Date (month you close)

Property Tax /year ($) oninput="calculate()"

Home Insurance /year ($) oninput="calculate()"

Extra Payment /month ($) (optional — pay down principal each month)

Your Mortgage Summary

Payoff Date

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Monthly P&I

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principal & interest

Total Monthly PITI

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Total Interest Paid

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over full term

Total Loan Cost

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principal + interest

Interest Cost Ratio

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of original loan

Monthly

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Lifetime Cost Breakdown

Total Principal

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Total Interest

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Total Taxes

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Total Insurance

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15-Year vs 30-Year Comparison

15-Year Term

Monthly P&I

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Total Interest

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Interest Saved

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30-Year Term

Monthly P&I

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Total Interest

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Monthly Difference

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Tip: A 15-year mortgage costs more per month but saves an enormous amount in interest. If you can afford the higher payments, it's almost always the better financial choice.

Amortization Schedule

Year	Principal Paid	Interest Paid	Balance	Cum. Interest

Mortgage Lending

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Rate Comparison

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FTC Disclosure: QuikCalc is reader-supported. We may earn commissions from partner links (Better Mortgage, Bankrate) at no extra cost to you. Our recommendations are editorially independent.

Estimates only. Does not include HOA, flood insurance, or PMI for loans with PMI removed at 20% equity (PMI auto-removal is lender-dependent). Consult a lender for pre-approval.

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Mortgage Amortization Calculator Free

15-Year Term

30-Year Term