Mortgage calculator

Home price

Down payment / deposit

Closing costs are usually paid on top – only what goes towards the price reduces the loan

Interest rate

% per year

Loan term

years

Repayment type

Fixed-rate period

years

0 = rate fixed for the whole term (e.g. US 30-year fixed); UK deals often fix for 2 or 5 years

Extra payment per year

Paid at the end of each loan year – check your lender’s overpayment limit

Monthly take-home pay (optional)

to show the payment as a share of income

Result

Monthly payment (first): 1,918.56
Last monthly payment: –
Loan amount: 320,000.00
Loan-to-value (LTV): 80%
Payment as share of take-home pay: –
Time to pay off: 30 years
Balance at end of fixed-rate period: –
Total interest (if the rate stays the same): 370,683.35
Total of all payments: 690,683.35
Amortization schedule: Year Interest Principal Extra payment Balance
1 19,093.10 3,929.62 0.00 316,070.38
2 18,850.73 4,171.99 0.00 311,898.39
3 18,593.42 4,429.30 0.00 307,469.09
4 18,320.23 4,702.49 0.00 302,766.60
5 18,030.19 4,992.53 0.00 297,774.07
6 17,722.25 5,300.47 0.00 292,473.60
7 17,395.34 5,627.38 0.00 286,846.22
8 17,048.26 5,974.46 0.00 280,871.76
9 16,679.76 6,342.96 0.00 274,528.80
10 16,288.53 6,734.19 0.00 267,794.61
11 15,873.19 7,149.53 0.00 260,645.08
12 15,432.24 7,590.48 0.00 253,054.60
13 14,964.05 8,058.67 0.00 244,995.93
14 14,467.02 8,555.70 0.00 236,440.23
15 13,939.31 9,083.41 0.00 227,356.82
16 13,379.08 9,643.64 0.00 217,713.18
17 12,784.29 10,238.43 0.00 207,474.75
18 12,152.80 10,869.92 0.00 196,604.83
19 11,482.35 11,540.37 0.00 185,064.46
20 10,770.58 12,252.14 0.00 172,812.32
21 10,014.88 13,007.84 0.00 159,804.48
22 9,212.59 13,810.13 0.00 145,994.35
23 8,360.82 14,661.90 0.00 131,332.45
24 7,456.50 15,566.22 0.00 115,766.23
25 6,496.39 16,526.33 0.00 99,239.90
26 5,477.10 17,545.62 0.00 81,694.28
27 4,394.93 18,627.79 0.00 63,066.49
28 3,246.01 19,776.71 0.00 43,289.78
29 2,026.22 20,996.50 0.00 22,293.28
30 731.19 22,293.28 0.00 0.00

Year	Interest	Principal	Balance
1	19,093.10	3,929.62	316,070.38
2	18,850.73	4,171.99	311,898.39
3	18,593.42	4,429.30	307,469.09
4	18,320.23	4,702.49	302,766.60
5	18,030.19	4,992.53	297,774.07
6	17,722.25	5,300.47	292,473.60
7	17,395.34	5,627.38	286,846.22
8	17,048.26	5,974.46	280,871.76
9	16,679.76	6,342.96	274,528.80
10	16,288.53	6,734.19	267,794.61
11	15,873.19	7,149.53	260,645.08
12	15,432.24	7,590.48	253,054.60
13	14,964.05	8,058.67	244,995.93
14	14,467.02	8,555.70	236,440.23
15	13,939.31	9,083.41	227,356.82
16	13,379.08	9,643.64	217,713.18
17	12,784.29	10,238.43	207,474.75
18	12,152.80	10,869.92	196,604.83
19	11,482.35	11,540.37	185,064.46
20	10,770.58	12,252.14	172,812.32
21	10,014.88	13,007.84	159,804.48
22	9,212.59	13,810.13	145,994.35
23	8,360.82	14,661.90	131,332.45
24	7,456.50	15,566.22	115,766.23
25	6,496.39	16,526.33	99,239.90
26	5,477.10	17,545.62	81,694.28
27	4,394.93	18,627.79	63,066.49
28	3,246.01	19,776.71	43,289.78
29	2,026.22	20,996.50	22,293.28
30	731.19	22,293.28	0.00