Loan Summary

Principal Interest Rate Length Amortization Schedule Change Parameters
$550,000 3.29% 15 years ViewPrint Change Parameters
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Payment Summary

Number of Payments Monthly Payment Total Principal Paid Total Interest Paid Total Paid
180 $3,875.38 $550,000.00 $147,568.33 $697,568.33

Mortgage Rates

Compare current rates from lenders. Enter a zip code when creating an amortization schedule to see providers specific to your area.

Criteria: 15 Year Fixed Mortgage, $550,000 purchase, Zip Code 94105, All Points, Credit Score 740+, 20% down payment

NMLS #: 330511 | State Lic #: 6052748
per month
APR: 3.070%
Rate: 3.000%
Fri May 26
Fees: $2685
Points: 0
30 day rate lock
Rates were collected by on the dates specified. Rates are subject to change without notice and may vary from branch to branch. APR and Payment examples shown do not include amounts for taxes and insurance premiums. The monthly payment obligation will be greater if taxes and insurance are included. These quotes are from banks, thrifts, and brokers, some of whom have paid for a link to their own Web site, where you can find additional information. Many lenders have different rates on their own Websites than those posted on Please identify yourself as a Bankrate consumer to lenders to ensure you get the rate. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please click here.

Yearly Amortization Schedule

PaymentsYearly TotalPrincipal PaidInterest PaidBalance
Year 1 (1-12)$46,504.56$28,841.89$17,662.67$521,158.11
Year 2 (13-24)$46,504.56$29,805.23$16,699.33$491,352.89
Year 3 (25-36)$46,504.56$30,800.74$15,703.82$460,552.15
Year 4 (37-48)$46,504.56$31,829.50$14,675.05$428,722.64
Year 5 (49-60)$46,504.56$32,892.63$13,611.92$395,830.01
Year 6 (61-72)$46,504.56$33,991.27$12,513.29$361,838.74
Year 7 (73-84)$46,504.56$35,126.60$11,377.96$326,712.15
Year 8 (85-96)$46,504.56$36,299.85$10,204.71$290,412.30
Year 9 (97-108)$46,504.56$37,512.29$8,992.27$252,900.01
Year 10 (109-120)$46,504.56$38,765.22$7,739.33$214,134.78
Year 11 (121-132)$46,504.56$40,060.01$6,444.55$174,074.77
Year 12 (133-144)$46,504.56$41,398.04$5,106.52$132,676.73
Year 13 (145-156)$46,504.56$42,780.76$3,723.79$89,895.97
Year 14 (157-168)$46,504.56$44,209.67$2,294.89$45,686.30
Year 15 (169-180)$46,504.56$45,686.30$818.25$0.00

Amortization Schedule Calculator

Enter your loan information to create an amortization schedule showing payments of principal and interest.

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Amortization Calculator Information

Here are some helpful tips to understand how this calculator works.

  • This calculator determines the monthly payment of a loan or mortgage based on an interest rate and length. It also calculates the total interest and total amount paid over the entire term of the loan.
  • Subtract your down payment from the purchase price to obtain the principal amount for the loan.
  • It assumes a fixed interest rate throughout the entire loan. It does not handle variable, adjustable (ARM) or ballon rates.
  • An amortization schedule is also generated showing how the balance or principal is paid off by the end of the term. A portion of each monthly payment goes toward interest with the rest being used to reduce the remaining balance.
  • This type of calculation can be used for any type of asset, including home mortgages, car loans, credit cards, student loans and many more.