Mortgage amortization schedule example Let’s assume you took out a 30-year mortgage for $300,000 at a fixed interest rate of 6.5 percent. At those terms, your monthly mortgage payment (principal ...

Use our amortization schedule calculator to estimate your monthly loan repayments, interest rate, and payoff date on a mortgage or other type of loan.

The table below shows a truncated mortgage amortization schedule for a 30-year, fixed-rate home loan worth $400,000 at a 5% interest rate.

If a lender uses the simple interest method, it’s easy to calculate loan interest. You will need your principal loan amount, interest rate and loan term to calculate the overall interest costs.