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Mortgage Payment Schedule for a $120,000 Home

The mortgage payment schedule, also commonly referred to as an amortization table or schedule, is dependent on three factors - down payment, interest rate and term length. Modify them below if needed before viewing the payment schedule. The default values are based on a down payment of 20% and the current 30-year fixed mortgage rate average from Freddie Mac as of June 22, 2017. Check Lending Tree to see current rates from multiple lenders.

Mortgage Parameters


Less than 20% ($24,000) may require pre-mortgage insurance


3.9% is current rate for 30-year fixed
3.17% is current rate for 15-year fixed

Mortgage Summary

Monthly PaymentNumber of PaymentsTotal InterestTotal Paid
$453 360 $67,009 $163,009

Mortgage Payment Schedule

PaymentInterestPrincipalBalance
Home Purchase  $120,000
Down Payment $24,000$96,000
Year 1 - 1 ($453)$312$141$95,859
2 ($453)$312$141$95,718
3 ($453)$311$142$95,576
4 ($453)$311$142$95,434
5 ($453)$310$143$95,291
6 ($453)$310$143$95,148
7 ($453)$309$144$95,005
8 ($453)$309$144$94,861
9 ($453)$308$145$94,716
10 ($453)$308$145$94,571
11 ($453)$307$145$94,426
12 ($453)$307$146$94,280
Year 2 - 13 ($453)$306$146$94,133
14 ($453)$306$147$93,987
15 ($453)$305$147$93,839
16 ($453)$305$148$93,691
17 ($453)$304$148$93,543
18 ($453)$304$149$93,394
19 ($453)$304$149$93,245
20 ($453)$303$150$93,095
21 ($453)$303$150$92,945
22 ($453)$302$151$92,794
23 ($453)$302$151$92,643
24 ($453)$301$152$92,491
Year 3 - 25 ($453)$301$152$92,339
26 ($453)$300$153$92,186
27 ($453)$300$153$92,033
28 ($453)$299$154$91,880
29 ($453)$299$154$91,725
30 ($453)$298$155$91,571
31 ($453)$298$155$91,416
32 ($453)$297$156$91,260
33 ($453)$297$156$91,104
34 ($453)$296$157$90,947
35 ($453)$296$157$90,790
36 ($453)$295$158$90,632
Year 4 - 37 ($453)$295$158$90,474
38 ($453)$294$159$90,315
39 ($453)$294$159$90,156
40 ($453)$293$160$89,996
41 ($453)$292$160$89,836
42 ($453)$292$161$89,675
43 ($453)$291$161$89,513
44 ($453)$291$162$89,351
45 ($453)$290$162$89,189
46 ($453)$290$163$89,026
47 ($453)$289$163$88,863
48 ($453)$289$164$88,699
Year 5 - 49 ($453)$288$165$88,534
50 ($453)$288$165$88,369
51 ($453)$287$166$88,203
52 ($453)$287$166$88,037
53 ($453)$286$167$87,871
54 ($453)$286$167$87,703
55 ($453)$285$168$87,536
56 ($453)$284$168$87,367
57 ($453)$284$169$87,198
58 ($453)$283$169$87,029
59 ($453)$283$170$86,859
60 ($453)$282$171$86,689
Year 6 - 61 ($453)$282$171$86,518
62 ($453)$281$172$86,346
63 ($453)$281$172$86,174
64 ($453)$280$173$86,001
65 ($453)$280$173$85,828
66 ($453)$279$174$85,654
67 ($453)$278$174$85,479
68 ($453)$278$175$85,304
69 ($453)$277$176$85,129
70 ($453)$277$176$84,953
71 ($453)$276$177$84,776
72 ($453)$276$177$84,599
Year 7 - 73 ($453)$275$178$84,421
74 ($453)$274$178$84,242
75 ($453)$274$179$84,063
76 ($453)$273$180$83,884
77 ($453)$273$180$83,704
78 ($453)$272$181$83,523
79 ($453)$271$181$83,342
80 ($453)$271$182$83,160
81 ($453)$270$183$82,977
82 ($453)$270$183$82,794
83 ($453)$269$184$82,610
84 ($453)$268$184$82,426
Year 8 - 85 ($453)$268$185$82,241
86 ($453)$267$186$82,055
87 ($453)$267$186$81,869
88 ($453)$266$187$81,683
89 ($453)$265$187$81,495
90 ($453)$265$188$81,307
91 ($453)$264$189$81,119
92 ($453)$264$189$80,930
93 ($453)$263$190$80,740
94 ($453)$262$190$80,549
95 ($453)$262$191$80,358
96 ($453)$261$192$80,167
Year 9 - 97 ($453)$261$192$79,975
98 ($453)$260$193$79,782
99 ($453)$259$194$79,588
100 ($453)$259$194$79,394
101 ($453)$258$195$79,199
102 ($453)$257$195$79,004
103 ($453)$257$196$78,808
104 ($453)$256$197$78,611
105 ($453)$255$197$78,414
106 ($453)$255$198$78,216
107 ($453)$254$199$78,017
108 ($453)$254$199$77,818
Year 10 - 109 ($453)$253$200$77,618
110 ($453)$252$201$77,418
111 ($453)$252$201$77,216
112 ($453)$251$202$77,015
113 ($453)$250$203$76,812
114 ($453)$250$203$76,609
115 ($453)$249$204$76,405
116 ($453)$248$204$76,201
117 ($453)$248$205$75,995
118 ($453)$247$206$75,790
119 ($453)$246$206$75,583
120 ($453)$246$207$75,376
Year 11 - 121 ($453)$245$208$75,168
122 ($453)$244$209$74,960
123 ($453)$244$209$74,750
124 ($453)$243$210$74,541
125 ($453)$242$211$74,330
126 ($453)$242$211$74,119
127 ($453)$241$212$73,907
128 ($453)$240$213$73,694
129 ($453)$240$213$73,481
130 ($453)$239$214$73,267
131 ($453)$238$215$73,052
132 ($453)$237$215$72,837
Year 12 - 133 ($453)$237$216$72,621
134 ($453)$236$217$72,404
135 ($453)$235$217$72,187
136 ($453)$235$218$71,968
137 ($453)$234$219$71,749
138 ($453)$233$220$71,530
139 ($453)$232$220$71,310
140 ($453)$232$221$71,088
141 ($453)$231$222$70,867
142 ($453)$230$222$70,644
143 ($453)$230$223$70,421
144 ($453)$229$224$70,197
Year 13 - 145 ($453)$228$225$69,972
146 ($453)$227$225$69,747
147 ($453)$227$226$69,521
148 ($453)$226$227$69,294
149 ($453)$225$228$69,066
150 ($453)$224$228$68,838
151 ($453)$224$229$68,609
152 ($453)$223$230$68,379
153 ($453)$222$231$68,149
154 ($453)$221$231$67,917
155 ($453)$221$232$67,685
156 ($453)$220$233$67,452
Year 14 - 157 ($453)$219$234$67,219
158 ($453)$218$234$66,985
159 ($453)$218$235$66,749
160 ($453)$217$236$66,514
161 ($453)$216$237$66,277
162 ($453)$215$237$66,040
163 ($453)$215$238$65,801
164 ($453)$214$239$65,562
165 ($453)$213$240$65,323
166 ($453)$212$241$65,082
167 ($453)$212$241$64,841
168 ($453)$211$242$64,599
Year 15 - 169 ($453)$210$243$64,356
170 ($453)$209$244$64,112
171 ($453)$208$244$63,868
172 ($453)$208$245$63,623
173 ($453)$207$246$63,377
174 ($453)$206$247$63,130
175 ($453)$205$248$62,882
176 ($453)$204$248$62,634
177 ($453)$204$249$62,385
178 ($453)$203$250$62,134
179 ($453)$202$251$61,884
180 ($453)$201$252$61,632
Year 16 - 181 ($453)$200$252$61,379
182 ($453)$199$253$61,126
183 ($453)$199$254$60,872
184 ($453)$198$255$60,617
185 ($453)$197$256$60,361
186 ($453)$196$257$60,105
187 ($453)$195$257$59,847
188 ($453)$195$258$59,589
189 ($453)$194$259$59,330
190 ($453)$193$260$59,070
191 ($453)$192$261$58,809
192 ($453)$191$262$58,547
Year 17 - 193 ($453)$190$263$58,285
194 ($453)$189$263$58,021
195 ($453)$189$264$57,757
196 ($453)$188$265$57,492
197 ($453)$187$266$57,226
198 ($453)$186$267$56,959
199 ($453)$185$268$56,692
200 ($453)$184$269$56,423
201 ($453)$183$269$56,154
202 ($453)$182$270$55,883
203 ($453)$182$271$55,612
204 ($453)$181$272$55,340
Year 18 - 205 ($453)$180$273$55,067
206 ($453)$179$274$54,793
207 ($453)$178$275$54,518
208 ($453)$177$276$54,243
209 ($453)$176$277$53,966
210 ($453)$175$277$53,689
211 ($453)$174$278$53,411
212 ($453)$174$279$53,131
213 ($453)$173$280$52,851
214 ($453)$172$281$52,570
215 ($453)$171$282$52,288
216 ($453)$170$283$52,005
Year 19 - 217 ($453)$169$284$51,722
218 ($453)$168$285$51,437
219 ($453)$167$286$51,151
220 ($453)$166$287$50,865
221 ($453)$165$287$50,577
222 ($453)$164$288$50,289
223 ($453)$163$289$49,999
224 ($453)$162$290$49,709
225 ($453)$162$291$49,418
226 ($453)$161$292$49,126
227 ($453)$160$293$48,833
228 ($453)$159$294$48,539
Year 20 - 229 ($453)$158$295$48,243
230 ($453)$157$296$47,947
231 ($453)$156$297$47,650
232 ($453)$155$298$47,353
233 ($453)$154$299$47,054
234 ($453)$153$300$46,754
235 ($453)$152$301$46,453
236 ($453)$151$302$46,151
237 ($453)$150$303$45,848
238 ($453)$149$304$45,544
239 ($453)$148$305$45,240
240 ($453)$147$306$44,934
Year 21 - 241 ($453)$146$307$44,627
242 ($453)$145$308$44,319
243 ($453)$144$309$44,011
244 ($453)$143$310$43,701
245 ($453)$142$311$43,390
246 ($453)$141$312$43,078
247 ($453)$140$313$42,765
248 ($453)$139$314$42,452
249 ($453)$138$315$42,137
250 ($453)$137$316$41,821
251 ($453)$136$317$41,504
252 ($453)$135$318$41,186
Year 22 - 253 ($453)$134$319$40,867
254 ($453)$133$320$40,547
255 ($453)$132$321$40,226
256 ($453)$131$322$39,904
257 ($453)$130$323$39,581
258 ($453)$129$324$39,257
259 ($453)$128$325$38,932
260 ($453)$127$326$38,605
261 ($453)$125$327$38,278
262 ($453)$124$328$37,950
263 ($453)$123$329$37,620
264 ($453)$122$331$37,290
Year 23 - 265 ($453)$121$332$36,958
266 ($453)$120$333$36,625
267 ($453)$119$334$36,292
268 ($453)$118$335$35,957
269 ($453)$117$336$35,621
270 ($453)$116$337$35,284
271 ($453)$115$338$34,946
272 ($453)$114$339$34,606
273 ($453)$112$340$34,266
274 ($453)$111$341$33,925
275 ($453)$110$343$33,582
276 ($453)$109$344$33,238
Year 24 - 277 ($453)$108$345$32,894
278 ($453)$107$346$32,548
279 ($453)$106$347$32,201
280 ($453)$105$348$31,853
281 ($453)$104$349$31,503
282 ($453)$102$350$31,153
283 ($453)$101$352$30,801
284 ($453)$100$353$30,449
285 ($453)$99$354$30,095
286 ($453)$98$355$29,740
287 ($453)$97$356$29,384
288 ($453)$95$357$29,026
Year 25 - 289 ($453)$94$358$28,668
290 ($453)$93$360$28,308
291 ($453)$92$361$27,947
292 ($453)$91$362$27,585
293 ($453)$90$363$27,222
294 ($453)$88$364$26,858
295 ($453)$87$366$26,493
296 ($453)$86$367$26,126
297 ($453)$85$368$25,758
298 ($453)$84$369$25,389
299 ($453)$83$370$25,019
300 ($453)$81$371$24,647
Year 26 - 301 ($453)$80$373$24,274
302 ($453)$79$374$23,900
303 ($453)$78$375$23,525
304 ($453)$76$376$23,149
305 ($453)$75$378$22,771
306 ($453)$74$379$22,393
307 ($453)$73$380$22,013
308 ($453)$72$381$21,631
309 ($453)$70$382$21,249
310 ($453)$69$384$20,865
311 ($453)$68$385$20,480
312 ($453)$67$386$20,094
Year 27 - 313 ($453)$65$387$19,706
314 ($453)$64$389$19,318
315 ($453)$63$390$18,928
316 ($453)$62$391$18,536
317 ($453)$60$393$18,144
318 ($453)$59$394$17,750
319 ($453)$58$395$17,355
320 ($453)$56$396$16,958
321 ($453)$55$398$16,561
322 ($453)$54$399$16,162
323 ($453)$53$400$15,761
324 ($453)$51$402$15,360
Year 28 - 325 ($453)$50$403$14,957
326 ($453)$49$404$14,553
327 ($453)$47$406$14,147
328 ($453)$46$407$13,740
329 ($453)$45$408$13,332
330 ($453)$43$409$12,923
331 ($453)$42$411$12,512
332 ($453)$41$412$12,100
333 ($453)$39$413$11,686
334 ($453)$38$415$11,272
335 ($453)$37$416$10,855
336 ($453)$35$418$10,438
Year 29 - 337 ($453)$34$419$10,019
338 ($453)$33$420$9,599
339 ($453)$31$422$9,177
340 ($453)$30$423$8,754
341 ($453)$28$424$8,330
342 ($453)$27$426$7,904
343 ($453)$26$427$7,477
344 ($453)$24$429$7,049
345 ($453)$23$430$6,619
346 ($453)$22$431$6,187
347 ($453)$20$433$5,755
348 ($453)$19$434$5,321
Year 30 - 349 ($453)$17$436$4,885
350 ($453)$16$437$4,448
351 ($453)$14$438$4,010
352 ($453)$13$440$3,570
353 ($453)$12$441$3,129
354 ($453)$10$443$2,686
355 ($453)$9$444$2,242
356 ($453)$7$446$1,797
357 ($453)$6$447$1,350
358 ($453)$4$448$901
359 ($453)$3$450$451
360 ($453)$1$451$0
TOTALS$67,009$96,000$163,009

Disclaimer

This information is provided "as-is" and should only be used for general informational purposes. All costs were rounded to the nearest dollar to make the page more legible. There may be additional costs associated with the mortgage, including taxes, fees, insurance, homeowner association membership, etc. that could affect the monthly payment amount. Although the cost calculations are believed to be reliable, its accuracy is not warranted in any way.