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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 January 18, 2018. Check LendingTree to see current rates from multiple lenders or view the mortgage providers listed below.

Mortgage Parameters


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


4.04% is current rate for 30-year fixed
3.49% is current rate for 15-year fixed

Mortgage Summary

Monthly PaymentNumber of PaymentsTotal InterestTotal Paid
$461 360 $69,793 $165,793

Mortgage Providers

Choose a lender below and lock in your estimated payment of $1,199 or less (zip code: 20149)


NMLS #: 122701 | State Lic #: MC-1186
$1,194 /mo
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30 yr fixed mtg, 0 points | APR: 4.000% | Rate: 4.000% | Fees: $0 | 30 day rate lock

NMLS #: 66247 | State Lic #: MC-1825
$1,192 /mo
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30 yr fixed mtg, 0 points | APR: 4.010% | Rate: 3.990% | Fees: $592 | 30 day rate lock

NMLS #: 40508 | State Lic #: MC-2840
$1,194 /mo
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30 yr fixed mtg, 0 points | APR: 4.029% | Rate: 4.000% | Fees: $885 | 30 day rate lock

NMLS #: 790396
$1,212 /mo
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30 yr fixed mtg, 0 points | APR: 4.125% | Rate: 4.125% | Fees: $0 | 30 day rate lock

NMLS #: 1071 | State Lic #: MC-1772
$1,212 /mo
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30 yr fixed mtg, 0 points | APR: 4.125% | Rate: 4.125% | Fees: $0 | 30 day rate lock

NMLS #: 181005
$1,230 /mo
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30 yr fixed mtg, 0 points | APR: 4.279% | Rate: 4.250% | Fees: $865 | 45 day rate lock

NMLS #: 2925 | State Lic #: MC-1875
$1,265 /mo
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30 yr fixed mtg, 0 points | APR: 4.500% | Rate: 4.490% | Fees: $299 | 45 day rate lock

NMLS #: 3030
$1,304 /mo
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30 yr fixed mtg, 0 points | APR: 4.764% | Rate: 4.750% | Fees: $400 | 30 day rate lock
Important information about our rate tables
The listings that appear on this page are from companies from which this website and Bankrate may receive compensation, which may impact how, where and in what order products appear. These listings do not include all companies or all available products. Neither Bankrate nor this website endorses or recommends any companies or products.


Mortgage Payment Schedule

PaymentInterestPrincipalBalance
Home Purchase  $120,000
Down Payment $24,000$96,000
Year 1 - 1 ($461)$323$137$95,863
2 ($461)$323$138$95,725
3 ($461)$322$138$95,587
4 ($461)$322$139$95,448
5 ($461)$321$139$95,309
6 ($461)$321$140$95,169
7 ($461)$320$140$95,029
8 ($461)$320$141$94,888
9 ($461)$319$141$94,747
10 ($461)$319$142$94,606
11 ($461)$319$142$94,464
12 ($461)$318$143$94,321
Year 2 - 13 ($461)$318$143$94,178
14 ($461)$317$143$94,035
15 ($461)$317$144$93,891
16 ($461)$316$144$93,746
17 ($461)$316$145$93,601
18 ($461)$315$145$93,456
19 ($461)$315$146$93,310
20 ($461)$314$146$93,164
21 ($461)$314$147$93,017
22 ($461)$313$147$92,869
23 ($461)$313$148$92,722
24 ($461)$312$148$92,573
Year 3 - 25 ($461)$312$149$92,424
26 ($461)$311$149$92,275
27 ($461)$311$150$92,125
28 ($461)$310$150$91,975
29 ($461)$310$151$91,824
30 ($461)$309$151$91,672
31 ($461)$309$152$91,520
32 ($461)$308$152$91,368
33 ($461)$308$153$91,215
34 ($461)$307$153$91,062
35 ($461)$307$154$90,908
36 ($461)$306$154$90,753
Year 4 - 37 ($461)$306$155$90,598
38 ($461)$305$156$90,443
39 ($461)$304$156$90,287
40 ($461)$304$157$90,130
41 ($461)$303$157$89,973
42 ($461)$303$158$89,815
43 ($461)$302$158$89,657
44 ($461)$302$159$89,499
45 ($461)$301$159$89,339
46 ($461)$301$160$89,180
47 ($461)$300$160$89,019
48 ($461)$300$161$88,858
Year 5 - 49 ($461)$299$161$88,697
50 ($461)$299$162$88,535
51 ($461)$298$162$88,373
52 ($461)$298$163$88,210
53 ($461)$297$164$88,046
54 ($461)$296$164$87,882
55 ($461)$296$165$87,717
56 ($461)$295$165$87,552
57 ($461)$295$166$87,386
58 ($461)$294$166$87,220
59 ($461)$294$167$87,053
60 ($461)$293$167$86,886
Year 6 - 61 ($461)$293$168$86,718
62 ($461)$292$169$86,549
63 ($461)$291$169$86,380
64 ($461)$291$170$86,210
65 ($461)$290$170$86,040
66 ($461)$290$171$85,869
67 ($461)$289$171$85,697
68 ($461)$289$172$85,525
69 ($461)$288$173$85,353
70 ($461)$287$173$85,180
71 ($461)$287$174$85,006
72 ($461)$286$174$84,832
Year 7 - 73 ($461)$286$175$84,657
74 ($461)$285$176$84,481
75 ($461)$284$176$84,305
76 ($461)$284$177$84,128
77 ($461)$283$177$83,951
78 ($461)$283$178$83,773
79 ($461)$282$178$83,595
80 ($461)$281$179$83,415
81 ($461)$281$180$83,236
82 ($461)$280$180$83,055
83 ($461)$280$181$82,875
84 ($461)$279$182$82,693
Year 8 - 85 ($461)$278$182$82,511
86 ($461)$278$183$82,328
87 ($461)$277$183$82,145
88 ($461)$277$184$81,961
89 ($461)$276$185$81,776
90 ($461)$275$185$81,591
91 ($461)$275$186$81,405
92 ($461)$274$186$81,219
93 ($461)$273$187$81,032
94 ($461)$273$188$80,844
95 ($461)$272$188$80,655
96 ($461)$272$189$80,466
Year 9 - 97 ($461)$271$190$80,277
98 ($461)$270$190$80,087
99 ($461)$270$191$79,896
100 ($461)$269$192$79,704
101 ($461)$268$192$79,512
102 ($461)$268$193$79,319
103 ($461)$267$193$79,126
104 ($461)$266$194$78,931
105 ($461)$266$195$78,737
106 ($461)$265$195$78,541
107 ($461)$264$196$78,345
108 ($461)$264$197$78,148
Year 10 - 109 ($461)$263$197$77,951
110 ($461)$262$198$77,753
111 ($461)$262$199$77,554
112 ($461)$261$199$77,355
113 ($461)$260$200$77,154
114 ($461)$260$201$76,954
115 ($461)$259$201$76,752
116 ($461)$258$202$76,550
117 ($461)$258$203$76,347
118 ($461)$257$203$76,144
119 ($461)$256$204$75,940
120 ($461)$256$205$75,735
Year 11 - 121 ($461)$255$206$75,529
122 ($461)$254$206$75,323
123 ($461)$254$207$75,116
124 ($461)$253$208$74,908
125 ($461)$252$208$74,700
126 ($461)$251$209$74,491
127 ($461)$251$210$74,281
128 ($461)$250$210$74,071
129 ($461)$249$211$73,860
130 ($461)$249$212$73,648
131 ($461)$248$213$73,435
132 ($461)$247$213$73,222
Year 12 - 133 ($461)$247$214$73,008
134 ($461)$246$215$72,793
135 ($461)$245$215$72,578
136 ($461)$244$216$72,361
137 ($461)$244$217$72,144
138 ($461)$243$218$71,927
139 ($461)$242$218$71,708
140 ($461)$241$219$71,489
141 ($461)$241$220$71,269
142 ($461)$240$221$71,049
143 ($461)$239$221$70,827
144 ($461)$238$222$70,605
Year 13 - 145 ($461)$238$223$70,383
146 ($461)$237$224$70,159
147 ($461)$236$224$69,935
148 ($461)$235$225$69,710
149 ($461)$235$226$69,484
150 ($461)$234$227$69,257
151 ($461)$233$227$69,030
152 ($461)$232$228$68,802
153 ($461)$232$229$68,573
154 ($461)$231$230$68,343
155 ($461)$230$230$68,113
156 ($461)$229$231$67,881
Year 14 - 157 ($461)$229$232$67,649
158 ($461)$228$233$67,417
159 ($461)$227$234$67,183
160 ($461)$226$234$66,949
161 ($461)$225$235$66,714
162 ($461)$225$236$66,478
163 ($461)$224$237$66,241
164 ($461)$223$238$66,003
165 ($461)$222$238$65,765
166 ($461)$221$239$65,526
167 ($461)$221$240$65,286
168 ($461)$220$241$65,045
Year 15 - 169 ($461)$219$242$64,804
170 ($461)$218$242$64,561
171 ($461)$217$243$64,318
172 ($461)$217$244$64,074
173 ($461)$216$245$63,829
174 ($461)$215$246$63,584
175 ($461)$214$246$63,337
176 ($461)$213$247$63,090
177 ($461)$212$248$62,842
178 ($461)$212$249$62,593
179 ($461)$211$250$62,343
180 ($461)$210$251$62,092
Year 16 - 181 ($461)$209$251$61,841
182 ($461)$208$252$61,589
183 ($461)$207$253$61,335
184 ($461)$206$254$61,081
185 ($461)$206$255$60,826
186 ($461)$205$256$60,571
187 ($461)$204$257$60,314
188 ($461)$203$257$60,057
189 ($461)$202$258$59,798
190 ($461)$201$259$59,539
191 ($461)$200$260$59,279
192 ($461)$200$261$59,018
Year 17 - 193 ($461)$199$262$58,756
194 ($461)$198$263$58,493
195 ($461)$197$264$58,230
196 ($461)$196$264$57,965
197 ($461)$195$265$57,700
198 ($461)$194$266$57,434
199 ($461)$193$267$57,166
200 ($461)$192$268$56,898
201 ($461)$192$269$56,629
202 ($461)$191$270$56,360
203 ($461)$190$271$56,089
204 ($461)$189$272$55,817
Year 18 - 205 ($461)$188$273$55,544
206 ($461)$187$274$55,271
207 ($461)$186$274$54,996
208 ($461)$185$275$54,721
209 ($461)$184$276$54,445
210 ($461)$183$277$54,167
211 ($461)$182$278$53,889
212 ($461)$181$279$53,610
213 ($461)$180$280$53,330
214 ($461)$180$281$53,049
215 ($461)$179$282$52,767
216 ($461)$178$283$52,484
Year 19 - 217 ($461)$177$284$52,200
218 ($461)$176$285$51,916
219 ($461)$175$286$51,630
220 ($461)$174$287$51,343
221 ($461)$173$288$51,056
222 ($461)$172$289$50,767
223 ($461)$171$290$50,477
224 ($461)$170$291$50,187
225 ($461)$169$292$49,895
226 ($461)$168$293$49,603
227 ($461)$167$294$49,309
228 ($461)$166$295$49,014
Year 20 - 229 ($461)$165$296$48,719
230 ($461)$164$297$48,422
231 ($461)$163$298$48,125
232 ($461)$162$299$47,826
233 ($461)$161$300$47,527
234 ($461)$160$301$47,226
235 ($461)$159$302$46,925
236 ($461)$158$303$46,622
237 ($461)$157$304$46,319
238 ($461)$156$305$46,014
239 ($461)$155$306$45,708
240 ($461)$154$307$45,402
Year 21 - 241 ($461)$153$308$45,094
242 ($461)$152$309$44,785
243 ($461)$151$310$44,476
244 ($461)$150$311$44,165
245 ($461)$149$312$43,853
246 ($461)$148$313$43,540
247 ($461)$147$314$43,226
248 ($461)$146$315$42,911
249 ($461)$144$316$42,595
250 ($461)$143$317$42,278
251 ($461)$142$318$41,960
252 ($461)$141$319$41,641
Year 22 - 253 ($461)$140$320$41,320
254 ($461)$139$321$40,999
255 ($461)$138$323$40,676
256 ($461)$137$324$40,353
257 ($461)$136$325$40,028
258 ($461)$135$326$39,702
259 ($461)$134$327$39,375
260 ($461)$133$328$39,047
261 ($461)$131$329$38,718
262 ($461)$130$330$38,388
263 ($461)$129$331$38,057
264 ($461)$128$332$37,724
Year 23 - 265 ($461)$127$334$37,391
266 ($461)$126$335$37,056
267 ($461)$125$336$36,720
268 ($461)$124$337$36,384
269 ($461)$122$338$36,045
270 ($461)$121$339$35,706
271 ($461)$120$340$35,366
272 ($461)$119$341$35,024
273 ($461)$118$343$34,682
274 ($461)$117$344$34,338
275 ($461)$116$345$33,993
276 ($461)$114$346$33,647
Year 24 - 277 ($461)$113$347$33,300
278 ($461)$112$348$32,951
279 ($461)$111$350$32,602
280 ($461)$110$351$32,251
281 ($461)$109$352$31,899
282 ($461)$107$353$31,546
283 ($461)$106$354$31,192
284 ($461)$105$356$30,836
285 ($461)$104$357$30,479
286 ($461)$103$358$30,121
287 ($461)$101$359$29,762
288 ($461)$100$360$29,402
Year 25 - 289 ($461)$99$362$29,040
290 ($461)$98$363$28,678
291 ($461)$97$364$28,314
292 ($461)$95$365$27,948
293 ($461)$94$366$27,582
294 ($461)$93$368$27,214
295 ($461)$92$369$26,845
296 ($461)$90$370$26,475
297 ($461)$89$371$26,104
298 ($461)$88$373$25,731
299 ($461)$87$374$25,357
300 ($461)$85$375$24,982
Year 26 - 301 ($461)$84$376$24,606
302 ($461)$83$378$24,228
303 ($461)$82$379$23,849
304 ($461)$80$380$23,469
305 ($461)$79$382$23,087
306 ($461)$78$383$22,704
307 ($461)$76$384$22,320
308 ($461)$75$385$21,935
309 ($461)$74$387$21,548
310 ($461)$73$388$21,160
311 ($461)$71$389$20,771
312 ($461)$70$391$20,380
Year 27 - 313 ($461)$69$392$19,988
314 ($461)$67$393$19,595
315 ($461)$66$395$19,201
316 ($461)$65$396$18,805
317 ($461)$63$397$18,408
318 ($461)$62$399$18,009
319 ($461)$61$400$17,609
320 ($461)$59$401$17,208
321 ($461)$58$403$16,805
322 ($461)$57$404$16,401
323 ($461)$55$405$15,996
324 ($461)$54$407$15,589
Year 28 - 325 ($461)$52$408$15,181
326 ($461)$51$409$14,772
327 ($461)$50$411$14,361
328 ($461)$48$412$13,949
329 ($461)$47$414$13,535
330 ($461)$46$415$13,120
331 ($461)$44$416$12,704
332 ($461)$43$418$12,286
333 ($461)$41$419$11,867
334 ($461)$40$421$11,446
335 ($461)$39$422$11,024
336 ($461)$37$423$10,601
Year 29 - 337 ($461)$36$425$10,176
338 ($461)$34$426$9,750
339 ($461)$33$428$9,322
340 ($461)$31$429$8,893
341 ($461)$30$431$8,462
342 ($461)$28$432$8,030
343 ($461)$27$433$7,597
344 ($461)$26$435$7,162
345 ($461)$24$436$6,725
346 ($461)$23$438$6,288
347 ($461)$21$439$5,848
348 ($461)$20$441$5,407
Year 30 - 349 ($461)$18$442$4,965
350 ($461)$17$444$4,521
351 ($461)$15$445$4,076
352 ($461)$14$447$3,629
353 ($461)$12$448$3,181
354 ($461)$11$450$2,731
355 ($461)$9$451$2,280
356 ($461)$8$453$1,827
357 ($461)$6$454$1,372
358 ($461)$5$456$916
359 ($461)$3$457$459
360 ($461)$2$459$0
TOTALS$69,793$96,000$165,793

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.