Loan Summary

Principal Interest Rate Length Amortization Schedule Change Parameters
$70,000 4.25% 20 years ViewPrint Change Parameters
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Payment Summary

Number of Payments Monthly Payment Total Principal Paid Total Interest Paid Total Paid
240 $433.46 $70,000.00 $34,031.39 $104,031.39

Mortgage Rates

Choose a lender below and lock in your estimated payment based on a 30-year loan (zip code: 20149).

NMLS #: 790396
$350 /mo
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30 yr fixed mtg, 0 points | APR: 4.375% | Rate: 4.375% | Fees: $0 | 30 day rate lock
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Yearly Amortization Schedule

PaymentsYearly TotalPrincipal PaidInterest PaidBalance
Year 1 (1-12)$5,201.57$2,270.46$2,931.11$67,729.54
Year 2 (13-24)$5,201.57$2,368.85$2,832.72$65,360.69
Year 3 (25-36)$5,201.57$2,471.51$2,730.05$62,889.17
Year 4 (37-48)$5,201.57$2,578.62$2,622.95$60,310.55
Year 5 (49-60)$5,201.57$2,690.38$2,511.19$57,620.17
Year 6 (61-72)$5,201.57$2,806.97$2,394.60$54,813.20
Year 7 (73-84)$5,201.57$2,928.62$2,272.95$51,884.58
Year 8 (85-96)$5,201.57$3,055.54$2,146.03$48,829.05
Year 9 (97-108)$5,201.57$3,187.96$2,013.61$45,641.09
Year 10 (109-120)$5,201.57$3,326.12$1,875.45$42,314.97
Year 11 (121-132)$5,201.57$3,470.26$1,731.31$38,844.71
Year 12 (133-144)$5,201.57$3,620.66$1,580.91$35,224.05
Year 13 (145-156)$5,201.57$3,777.57$1,424.00$31,446.48
Year 14 (157-168)$5,201.57$3,941.28$1,260.29$27,505.21
Year 15 (169-180)$5,201.57$4,112.08$1,089.48$23,393.12
Year 16 (181-192)$5,201.57$4,290.29$911.28$19,102.83
Year 17 (193-204)$5,201.57$4,476.22$725.34$14,626.60
Year 18 (205-216)$5,201.57$4,670.21$531.36$9,956.39
Year 19 (217-228)$5,201.57$4,872.61$328.96$5,083.78
Year 20 (229-240)$5,201.57$5,083.78$117.79$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.