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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 April 20, 2017. Check Lending Tree to see current rates from multiple lenders.

Mortgage Parameters


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


3.97% is current rate for 30-year fixed
3.23% is current rate for 15-year fixed

Mortgage Summary

Monthly PaymentNumber of PaymentsTotal InterestTotal Paid
$457 360 $68,398 $164,398

Mortgage Payment Schedule

PaymentInterestPrincipalBalance
Home Purchase  $120,000
Down Payment $24,000$96,000
Year 1 - 1 ($457)$318$139$95,861
2 ($457)$317$140$95,721
3 ($457)$317$140$95,581
4 ($457)$316$140$95,441
5 ($457)$316$141$95,300
6 ($457)$315$141$95,159
7 ($457)$315$142$95,017
8 ($457)$314$142$94,875
9 ($457)$314$143$94,732
10 ($457)$313$143$94,589
11 ($457)$313$144$94,445
12 ($457)$312$144$94,301
Year 2 - 13 ($457)$312$145$94,156
14 ($457)$311$145$94,011
15 ($457)$311$146$93,865
16 ($457)$311$146$93,719
17 ($457)$310$147$93,572
18 ($457)$310$147$93,425
19 ($457)$309$148$93,278
20 ($457)$309$148$93,130
21 ($457)$308$149$92,981
22 ($457)$308$149$92,832
23 ($457)$307$150$92,682
24 ($457)$307$150$92,532
Year 3 - 25 ($457)$306$151$92,382
26 ($457)$306$151$92,231
27 ($457)$305$152$92,079
28 ($457)$305$152$91,927
29 ($457)$304$153$91,775
30 ($457)$304$153$91,622
31 ($457)$303$154$91,468
32 ($457)$303$154$91,314
33 ($457)$302$155$91,160
34 ($457)$302$155$91,005
35 ($457)$301$156$90,849
36 ($457)$301$156$90,693
Year 4 - 37 ($457)$300$157$90,536
38 ($457)$300$157$90,379
39 ($457)$299$158$90,221
40 ($457)$298$158$90,063
41 ($457)$298$159$89,905
42 ($457)$297$159$89,745
43 ($457)$297$160$89,586
44 ($457)$296$160$89,425
45 ($457)$296$161$89,264
46 ($457)$295$161$89,103
47 ($457)$295$162$88,941
48 ($457)$294$162$88,779
Year 5 - 49 ($457)$294$163$88,616
50 ($457)$293$163$88,452
51 ($457)$293$164$88,288
52 ($457)$292$165$88,124
53 ($457)$292$165$87,959
54 ($457)$291$166$87,793
55 ($457)$290$166$87,627
56 ($457)$290$167$87,460
57 ($457)$289$167$87,293
58 ($457)$289$168$87,125
59 ($457)$288$168$86,956
60 ($457)$288$169$86,787
Year 6 - 61 ($457)$287$170$86,618
62 ($457)$287$170$86,448
63 ($457)$286$171$86,277
64 ($457)$285$171$86,106
65 ($457)$285$172$85,934
66 ($457)$284$172$85,762
67 ($457)$284$173$85,589
68 ($457)$283$174$85,415
69 ($457)$283$174$85,241
70 ($457)$282$175$85,067
71 ($457)$281$175$84,891
72 ($457)$281$176$84,716
Year 7 - 73 ($457)$280$176$84,539
74 ($457)$280$177$84,362
75 ($457)$279$178$84,185
76 ($457)$279$178$84,007
77 ($457)$278$179$83,828
78 ($457)$277$179$83,648
79 ($457)$277$180$83,469
80 ($457)$276$181$83,288
81 ($457)$276$181$83,107
82 ($457)$275$182$82,925
83 ($457)$274$182$82,743
84 ($457)$274$183$82,560
Year 8 - 85 ($457)$273$184$82,376
86 ($457)$273$184$82,192
87 ($457)$272$185$82,008
88 ($457)$271$185$81,822
89 ($457)$271$186$81,636
90 ($457)$270$187$81,450
91 ($457)$269$187$81,262
92 ($457)$269$188$81,075
93 ($457)$268$188$80,886
94 ($457)$268$189$80,697
95 ($457)$267$190$80,507
96 ($457)$266$190$80,317
Year 9 - 97 ($457)$266$191$80,126
98 ($457)$265$192$79,935
99 ($457)$264$192$79,742
100 ($457)$264$193$79,550
101 ($457)$263$193$79,356
102 ($457)$263$194$79,162
103 ($457)$262$195$78,967
104 ($457)$261$195$78,772
105 ($457)$261$196$78,576
106 ($457)$260$197$78,379
107 ($457)$259$197$78,182
108 ($457)$259$198$77,984
Year 10 - 109 ($457)$258$199$77,785
110 ($457)$257$199$77,586
111 ($457)$257$200$77,386
112 ($457)$256$201$77,185
113 ($457)$255$201$76,984
114 ($457)$255$202$76,782
115 ($457)$254$203$76,579
116 ($457)$253$203$76,376
117 ($457)$253$204$76,172
118 ($457)$252$205$75,967
119 ($457)$251$205$75,762
120 ($457)$251$206$75,556
Year 11 - 121 ($457)$250$207$75,349
122 ($457)$249$207$75,142
123 ($457)$249$208$74,934
124 ($457)$248$209$74,725
125 ($457)$247$209$74,515
126 ($457)$247$210$74,305
127 ($457)$246$211$74,095
128 ($457)$245$212$73,883
129 ($457)$244$212$73,671
130 ($457)$244$213$73,458
131 ($457)$243$214$73,244
132 ($457)$242$214$73,030
Year 12 - 133 ($457)$242$215$72,815
134 ($457)$241$216$72,599
135 ($457)$240$216$72,383
136 ($457)$239$217$72,165
137 ($457)$239$218$71,947
138 ($457)$238$219$71,729
139 ($457)$237$219$71,509
140 ($457)$237$220$71,289
141 ($457)$236$221$71,069
142 ($457)$235$222$70,847
143 ($457)$234$222$70,625
144 ($457)$234$223$70,402
Year 13 - 145 ($457)$233$224$70,178
146 ($457)$232$224$69,953
147 ($457)$231$225$69,728
148 ($457)$231$226$69,502
149 ($457)$230$227$69,276
150 ($457)$229$227$69,048
151 ($457)$228$228$68,820
152 ($457)$228$229$68,591
153 ($457)$227$230$68,361
154 ($457)$226$230$68,131
155 ($457)$225$231$67,899
156 ($457)$225$232$67,667
Year 14 - 157 ($457)$224$233$67,435
158 ($457)$223$234$67,201
159 ($457)$222$234$66,967
160 ($457)$222$235$66,732
161 ($457)$221$236$66,496
162 ($457)$220$237$66,259
163 ($457)$219$237$66,022
164 ($457)$218$238$65,783
165 ($457)$218$239$65,544
166 ($457)$217$240$65,304
167 ($457)$216$241$65,064
168 ($457)$215$241$64,822
Year 15 - 169 ($457)$214$242$64,580
170 ($457)$214$243$64,337
171 ($457)$213$244$64,093
172 ($457)$212$245$63,849
173 ($457)$211$245$63,603
174 ($457)$210$246$63,357
175 ($457)$210$247$63,110
176 ($457)$209$248$62,862
177 ($457)$208$249$62,614
178 ($457)$207$250$62,364
179 ($457)$206$250$62,114
180 ($457)$205$251$61,862
Year 16 - 181 ($457)$205$252$61,610
182 ($457)$204$253$61,358
183 ($457)$203$254$61,104
184 ($457)$202$255$60,849
185 ($457)$201$255$60,594
186 ($457)$200$256$60,338
187 ($457)$200$257$60,081
188 ($457)$199$258$59,823
189 ($457)$198$259$59,564
190 ($457)$197$260$59,305
191 ($457)$196$260$59,044
192 ($457)$195$261$58,783
Year 17 - 193 ($457)$194$262$58,521
194 ($457)$194$263$58,258
195 ($457)$193$264$57,994
196 ($457)$192$265$57,729
197 ($457)$191$266$57,463
198 ($457)$190$267$57,197
199 ($457)$189$267$56,929
200 ($457)$188$268$56,661
201 ($457)$187$269$56,392
202 ($457)$187$270$56,122
203 ($457)$186$271$55,851
204 ($457)$185$272$55,579
Year 18 - 205 ($457)$184$273$55,306
206 ($457)$183$274$55,032
207 ($457)$182$275$54,758
208 ($457)$181$276$54,482
209 ($457)$180$276$54,206
210 ($457)$179$277$53,928
211 ($457)$178$278$53,650
212 ($457)$177$279$53,371
213 ($457)$177$280$53,091
214 ($457)$176$281$52,810
215 ($457)$175$282$52,528
216 ($457)$174$283$52,245
Year 19 - 217 ($457)$173$284$51,961
218 ($457)$172$285$51,677
219 ($457)$171$286$51,391
220 ($457)$170$287$51,104
221 ($457)$169$288$50,817
222 ($457)$168$289$50,528
223 ($457)$167$289$50,239
224 ($457)$166$290$49,948
225 ($457)$165$291$49,657
226 ($457)$164$292$49,364
227 ($457)$163$293$49,071
228 ($457)$162$294$48,777
Year 20 - 229 ($457)$161$295$48,481
230 ($457)$160$296$48,185
231 ($457)$159$297$47,888
232 ($457)$158$298$47,590
233 ($457)$157$299$47,290
234 ($457)$156$300$46,990
235 ($457)$155$301$46,689
236 ($457)$154$302$46,387
237 ($457)$153$303$46,084
238 ($457)$152$304$45,779
239 ($457)$151$305$45,474
240 ($457)$150$306$45,168
Year 21 - 241 ($457)$149$307$44,861
242 ($457)$148$308$44,552
243 ($457)$147$309$44,243
244 ($457)$146$310$43,933
245 ($457)$145$311$43,622
246 ($457)$144$312$43,309
247 ($457)$143$313$42,996
248 ($457)$142$314$42,681
249 ($457)$141$315$42,366
250 ($457)$140$316$42,050
251 ($457)$139$318$41,732
252 ($457)$138$319$41,413
Year 22 - 253 ($457)$137$320$41,094
254 ($457)$136$321$40,773
255 ($457)$135$322$40,451
256 ($457)$134$323$40,128
257 ($457)$133$324$39,805
258 ($457)$132$325$39,480
259 ($457)$131$326$39,153
260 ($457)$130$327$38,826
261 ($457)$128$328$38,498
262 ($457)$127$329$38,169
263 ($457)$126$330$37,838
264 ($457)$125$331$37,507
Year 23 - 265 ($457)$124$333$37,174
266 ($457)$123$334$36,841
267 ($457)$122$335$36,506
268 ($457)$121$336$36,170
269 ($457)$120$337$35,833
270 ($457)$119$338$35,495
271 ($457)$117$339$35,156
272 ($457)$116$340$34,815
273 ($457)$115$341$34,474
274 ($457)$114$343$34,131
275 ($457)$113$344$33,788
276 ($457)$112$345$33,443
Year 24 - 277 ($457)$111$346$33,097
278 ($457)$109$347$32,749
279 ($457)$108$348$32,401
280 ($457)$107$349$32,052
281 ($457)$106$351$31,701
282 ($457)$105$352$31,349
283 ($457)$104$353$30,996
284 ($457)$103$354$30,642
285 ($457)$101$355$30,287
286 ($457)$100$356$29,931
287 ($457)$99$358$29,573
288 ($457)$98$359$29,214
Year 25 - 289 ($457)$97$360$28,854
290 ($457)$95$361$28,493
291 ($457)$94$362$28,130
292 ($457)$93$364$27,767
293 ($457)$92$365$27,402
294 ($457)$91$366$27,036
295 ($457)$89$367$26,669
296 ($457)$88$368$26,300
297 ($457)$87$370$25,931
298 ($457)$86$371$25,560
299 ($457)$85$372$25,188
300 ($457)$83$373$24,814
Year 26 - 301 ($457)$82$375$24,440
302 ($457)$81$376$24,064
303 ($457)$80$377$23,687
304 ($457)$78$378$23,309
305 ($457)$77$380$22,929
306 ($457)$76$381$22,548
307 ($457)$75$382$22,166
308 ($457)$73$383$21,783
309 ($457)$72$385$21,398
310 ($457)$71$386$21,013
311 ($457)$70$387$20,625
312 ($457)$68$388$20,237
Year 27 - 313 ($457)$67$390$19,847
314 ($457)$66$391$19,456
315 ($457)$64$392$19,064
316 ($457)$63$394$18,670
317 ($457)$62$395$18,275
318 ($457)$60$396$17,879
319 ($457)$59$398$17,482
320 ($457)$58$399$17,083
321 ($457)$57$400$16,683
322 ($457)$55$401$16,281
323 ($457)$54$403$15,879
324 ($457)$53$404$15,474
Year 28 - 325 ($457)$51$405$15,069
326 ($457)$50$407$14,662
327 ($457)$49$408$14,254
328 ($457)$47$410$13,844
329 ($457)$46$411$13,434
330 ($457)$44$412$13,021
331 ($457)$43$414$12,608
332 ($457)$42$415$12,193
333 ($457)$40$416$11,777
334 ($457)$39$418$11,359
335 ($457)$38$419$10,940
336 ($457)$36$420$10,519
Year 29 - 337 ($457)$35$422$10,097
338 ($457)$33$423$9,674
339 ($457)$32$425$9,250
340 ($457)$31$426$8,823
341 ($457)$29$427$8,396
342 ($457)$28$429$7,967
343 ($457)$26$430$7,537
344 ($457)$25$432$7,105
345 ($457)$24$433$6,672
346 ($457)$22$435$6,237
347 ($457)$21$436$5,801
348 ($457)$19$437$5,364
Year 30 - 349 ($457)$18$439$4,925
350 ($457)$16$440$4,485
351 ($457)$15$442$4,043
352 ($457)$13$443$3,599
353 ($457)$12$445$3,155
354 ($457)$10$446$2,709
355 ($457)$9$448$2,261
356 ($457)$7$449$1,812
357 ($457)$6$451$1,361
358 ($457)$5$452$909
359 ($457)$3$454$455
360 ($457)$2$455$0
TOTALS$68,398$96,000$164,398

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.