Calculate mortgage amortization schedule for real estate investments and properties
Enter loan amount, interest rate, and term. The calculator generates a complete month-by-month amortization schedule showing principal, interest, and remaining balance.
A $400,000 loan at 6% over 30 years shows payment 1 is $561 principal + $2,000 interest, while payment 360 is $2,545 principal + $13 interest.
Interest is calculated on the outstanding balance. Early in the loan, balance is highest, so interest charges are highest even though payment stays constant.
Around year 12-15 on a 30-year mortgage. As balance decreases, interest charges fall and more of each payment goes to principal.
Yes, by refinancing, recasting (paying lump sum to lower payments), or making extra principal payments to shorten term.