Mortgage Amortization Calculators


Amortization is the repayment of principal from scheduled mortgage payments that exceed the interest due. The scheduled payment less the interest equals amortization. The loan balance declines by the amount of the scheduled payment, plus the amount of any extra payment. For a detailed explanation, see Mortgage Amortization: How Does It Work? All amortization calculators show the breakdown of monthly payments into principal and interest, and the month by month reduction in the loan balance. However, the calculators differ in what else they show.

Amortization Schedule Including Tax Savings.
Shows the tax savings on the interest payments at the user’s tax rate.

Amortization Schedule Including Property Appreciation.
Shows how long it will take for amortization on a fixed-rate mortgage combined with property value appreciation to reduce the ratio of loan balance to property value to some desired level. 

Extra Payments to Accelerate Payoff.
Shows how the amortization schedule is affected by any combination of additional payments that the borrower wishes to make.

Biweekly Payments Applied Monthly.
Shows the amortization schedule when the borrower makes biweekly payments instead of monthly payments.

For calculators that show how the amortization schedule is affected by extra payments, see Mortgage Payoff Calculators.

Want to shop for a mortgage on a level playing field?

Why Shop for a Mortgage with the Professor?

  1. Receive His Help in Finding the Type of Mortgage That Best Meets Your Needs
  2. Shop Prices Posted Directly by His Certified Lenders
  3. Shop Prices Fully Adjusted to Your Deal
  4. Shop Prices That Are Always Current
  5. Get Him as Your Ombudsman Just in Case

Read More About the Support and Protections Listed Above

Sign up with your email address to receive new article notifications