Mortgage Amortization Calculator
See exactly how your mortgage is paid off month by month — principal, interest, and balance.
How Mortgage Amortization Works
Your monthly payment stays the same, but the split between interest and principal shifts every month. With a $280,000 loan at 7.25% for 30 years, your first payment of ~$1,910 is about $1,692 interest and $218 principal. By payment 360, it's nearly all principal.