How this calculator works
Each monthly payment is split by the standard amortization formula: interest = balance × monthly rate, the rest pays principal. Early years are interest-heavy; the split flips as the balance falls.
Loans this applies to
Conventional Loans
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
FHA Loans
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Rate-and-Term Refinance
A rate-and-term refinance replaces your mortgage with a new one to change the rate, the term or the loan type, without taking cash out.
FAQ
Is the Amortization Schedule Calculator free?
Yes. It is free, needs no sign-up and does not check your credit.
How accurate is the Amortization Schedule Calculator?
It uses the same formulas lenders use, but results are estimates. Your actual terms come from your Loan Estimate or term sheet.
Estimates only, for educational use. Not a loan offer or commitment to lend.