Mortgage Amortization Calculator

Year-by-year mortgage amortization summary.

Mortgage Amortization Calculator helps you year-by-year mortgage amortization summary. Enter loan amount, annual interest rate, and loan term, review the breakdown, and use the guidance below to understand what the number means — and what it does not. What the Mortgage Amortization calculator does Mortgage Amortization Calculator is built for money decisions — loans, savings, payments, and taxes. Year-by-year mortgage amortization summary. You enter loan amount, annual interest rate, and loan term, then Simple Calculators computes the result instantly. Rates, fees, and tax rules vary by lender and country, so treat results as planning numbers, not a contract. How the math works Enter the Loan amount, Annual interest rate and Loan term in years. The monthly payment = amount × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the annual rate ÷ 12 and n is the number of monthly payments. Each month, interest is the remaining balance × r and the rest of the payment reduces the balance; these are added up year by year. It assumes a fixed rate and no extra payments, and leaves out property tax, insurance and fees. The formula: M = P × r × (1 + r)^n ÷ ((1 + r)^n − 1). P is the amount borrowed, …