« Back to all home prices

Mortgage Payment Schedule for a $588,000 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 May 18, 2017. Check Lending Tree to see current rates from multiple lenders.

Mortgage Parameters


Less than 20% ($117,600) may require pre-mortgage insurance


4.02% is current rate for 30-year fixed
3.27% is current rate for 15-year fixed

Mortgage Summary

Monthly PaymentNumber of PaymentsTotal InterestTotal Paid
$2,251 360 $340,028 $810,428

Mortgage Payment Schedule

PaymentInterestPrincipalBalance
Home Purchase  $588,000
Down Payment $117,600$470,400
Year 1 - 1 ($2,251)$1,576$675$469,725
2 ($2,251)$1,574$678$469,047
3 ($2,251)$1,571$680$468,367
4 ($2,251)$1,569$682$467,685
5 ($2,251)$1,567$684$467,001
6 ($2,251)$1,564$687$466,314
7 ($2,251)$1,562$689$465,625
8 ($2,251)$1,560$691$464,933
9 ($2,251)$1,558$694$464,240
10 ($2,251)$1,555$696$463,544
11 ($2,251)$1,553$698$462,845
12 ($2,251)$1,551$701$462,145
Year 2 - 13 ($2,251)$1,548$703$461,442
14 ($2,251)$1,546$705$460,736
15 ($2,251)$1,543$708$460,029
16 ($2,251)$1,541$710$459,319
17 ($2,251)$1,539$712$458,606
18 ($2,251)$1,536$715$457,891
19 ($2,251)$1,534$717$457,174
20 ($2,251)$1,532$720$456,454
21 ($2,251)$1,529$722$455,732
22 ($2,251)$1,527$724$455,008
23 ($2,251)$1,524$727$454,281
24 ($2,251)$1,522$729$453,552
Year 3 - 25 ($2,251)$1,519$732$452,820
26 ($2,251)$1,517$734$452,086
27 ($2,251)$1,514$737$451,349
28 ($2,251)$1,512$739$450,610
29 ($2,251)$1,510$742$449,868
30 ($2,251)$1,507$744$449,124
31 ($2,251)$1,505$747$448,377
32 ($2,251)$1,502$749$447,628
33 ($2,251)$1,500$752$446,877
34 ($2,251)$1,497$754$446,122
35 ($2,251)$1,495$757$445,366
36 ($2,251)$1,492$759$444,606
Year 4 - 37 ($2,251)$1,489$762$443,845
38 ($2,251)$1,487$764$443,080
39 ($2,251)$1,484$767$442,314
40 ($2,251)$1,482$769$441,544
41 ($2,251)$1,479$772$440,772
42 ($2,251)$1,477$775$439,997
43 ($2,251)$1,474$777$439,220
44 ($2,251)$1,471$780$438,440
45 ($2,251)$1,469$782$437,658
46 ($2,251)$1,466$785$436,873
47 ($2,251)$1,464$788$436,085
48 ($2,251)$1,461$790$435,295
Year 5 - 49 ($2,251)$1,458$793$434,502
50 ($2,251)$1,456$796$433,707
51 ($2,251)$1,453$798$432,908
52 ($2,251)$1,450$801$432,107
53 ($2,251)$1,448$804$431,304
54 ($2,251)$1,445$806$430,497
55 ($2,251)$1,442$809$429,688
56 ($2,251)$1,439$812$428,877
57 ($2,251)$1,437$814$428,062
58 ($2,251)$1,434$817$427,245
59 ($2,251)$1,431$820$426,425
60 ($2,251)$1,429$823$425,602
Year 6 - 61 ($2,251)$1,426$825$424,777
62 ($2,251)$1,423$828$423,949
63 ($2,251)$1,420$831$423,118
64 ($2,251)$1,417$834$422,284
65 ($2,251)$1,415$837$421,448
66 ($2,251)$1,412$839$420,608
67 ($2,251)$1,409$842$419,766
68 ($2,251)$1,406$845$418,921
69 ($2,251)$1,403$848$418,073
70 ($2,251)$1,401$851$417,223
71 ($2,251)$1,398$853$416,369
72 ($2,251)$1,395$856$415,513
Year 7 - 73 ($2,251)$1,392$859$414,654
74 ($2,251)$1,389$862$413,791
75 ($2,251)$1,386$865$412,926
76 ($2,251)$1,383$868$412,059
77 ($2,251)$1,380$871$411,188
78 ($2,251)$1,377$874$410,314
79 ($2,251)$1,375$877$409,437
80 ($2,251)$1,372$880$408,558
81 ($2,251)$1,369$883$407,675
82 ($2,251)$1,366$885$406,790
83 ($2,251)$1,363$888$405,901
84 ($2,251)$1,360$891$405,010
Year 8 - 85 ($2,251)$1,357$894$404,116
86 ($2,251)$1,354$897$403,218
87 ($2,251)$1,351$900$402,318
88 ($2,251)$1,348$903$401,414
89 ($2,251)$1,345$906$400,508
90 ($2,251)$1,342$909$399,598
91 ($2,251)$1,339$913$398,686
92 ($2,251)$1,336$916$397,770
93 ($2,251)$1,333$919$396,852
94 ($2,251)$1,329$922$395,930
95 ($2,251)$1,326$925$395,005
96 ($2,251)$1,323$928$394,077
Year 9 - 97 ($2,251)$1,320$931$393,146
98 ($2,251)$1,317$934$392,212
99 ($2,251)$1,314$937$391,275
100 ($2,251)$1,311$940$390,334
101 ($2,251)$1,308$944$389,391
102 ($2,251)$1,304$947$388,444
103 ($2,251)$1,301$950$387,494
104 ($2,251)$1,298$953$386,541
105 ($2,251)$1,295$956$385,585
106 ($2,251)$1,292$959$384,625
107 ($2,251)$1,288$963$383,663
108 ($2,251)$1,285$966$382,697
Year 10 - 109 ($2,251)$1,282$969$381,727
110 ($2,251)$1,279$972$380,755
111 ($2,251)$1,276$976$379,779
112 ($2,251)$1,272$979$378,800
113 ($2,251)$1,269$982$377,818
114 ($2,251)$1,266$985$376,833
115 ($2,251)$1,262$989$375,844
116 ($2,251)$1,259$992$374,852
117 ($2,251)$1,256$995$373,856
118 ($2,251)$1,252$999$372,858
119 ($2,251)$1,249$1,002$371,856
120 ($2,251)$1,246$1,005$370,850
Year 11 - 121 ($2,251)$1,242$1,009$369,841
122 ($2,251)$1,239$1,012$368,829
123 ($2,251)$1,236$1,016$367,813
124 ($2,251)$1,232$1,019$366,794
125 ($2,251)$1,229$1,022$365,772
126 ($2,251)$1,225$1,026$364,746
127 ($2,251)$1,222$1,029$363,717
128 ($2,251)$1,218$1,033$362,684
129 ($2,251)$1,215$1,036$361,648
130 ($2,251)$1,212$1,040$360,608
131 ($2,251)$1,208$1,043$359,565
132 ($2,251)$1,205$1,047$358,518
Year 12 - 133 ($2,251)$1,201$1,050$357,468
134 ($2,251)$1,198$1,054$356,415
135 ($2,251)$1,194$1,057$355,357
136 ($2,251)$1,190$1,061$354,297
137 ($2,251)$1,187$1,064$353,232
138 ($2,251)$1,183$1,068$352,165
139 ($2,251)$1,180$1,071$351,093
140 ($2,251)$1,176$1,075$350,018
141 ($2,251)$1,173$1,079$348,939
142 ($2,251)$1,169$1,082$347,857
143 ($2,251)$1,165$1,086$346,771
144 ($2,251)$1,162$1,090$345,682
Year 13 - 145 ($2,251)$1,158$1,093$344,589
146 ($2,251)$1,154$1,097$343,492
147 ($2,251)$1,151$1,100$342,391
148 ($2,251)$1,147$1,104$341,287
149 ($2,251)$1,143$1,108$340,179
150 ($2,251)$1,140$1,112$339,068
151 ($2,251)$1,136$1,115$337,952
152 ($2,251)$1,132$1,119$336,833
153 ($2,251)$1,128$1,123$335,711
154 ($2,251)$1,125$1,127$334,584
155 ($2,251)$1,121$1,130$333,454
156 ($2,251)$1,117$1,134$332,320
Year 14 - 157 ($2,251)$1,113$1,138$331,182
158 ($2,251)$1,109$1,142$330,040
159 ($2,251)$1,106$1,146$328,894
160 ($2,251)$1,102$1,149$327,745
161 ($2,251)$1,098$1,153$326,592
162 ($2,251)$1,094$1,157$325,435
163 ($2,251)$1,090$1,161$324,274
164 ($2,251)$1,086$1,165$323,109
165 ($2,251)$1,082$1,169$321,940
166 ($2,251)$1,078$1,173$320,767
167 ($2,251)$1,075$1,177$319,591
168 ($2,251)$1,071$1,181$318,410
Year 15 - 169 ($2,251)$1,067$1,185$317,226
170 ($2,251)$1,063$1,188$316,037
171 ($2,251)$1,059$1,192$314,845
172 ($2,251)$1,055$1,196$313,648
173 ($2,251)$1,051$1,200$312,448
174 ($2,251)$1,047$1,204$311,243
175 ($2,251)$1,043$1,209$310,035
176 ($2,251)$1,039$1,213$308,822
177 ($2,251)$1,035$1,217$307,605
178 ($2,251)$1,030$1,221$306,385
179 ($2,251)$1,026$1,225$305,160
180 ($2,251)$1,022$1,229$303,931
Year 16 - 181 ($2,251)$1,018$1,233$302,698
182 ($2,251)$1,014$1,237$301,461
183 ($2,251)$1,010$1,241$300,220
184 ($2,251)$1,006$1,245$298,974
185 ($2,251)$1,002$1,250$297,725
186 ($2,251)$997$1,254$296,471
187 ($2,251)$993$1,258$295,213
188 ($2,251)$989$1,262$293,950
189 ($2,251)$985$1,266$292,684
190 ($2,251)$980$1,271$291,413
191 ($2,251)$976$1,275$290,138
192 ($2,251)$972$1,279$288,859
Year 17 - 193 ($2,251)$968$1,284$287,576
194 ($2,251)$963$1,288$286,288
195 ($2,251)$959$1,292$284,996
196 ($2,251)$955$1,296$283,699
197 ($2,251)$950$1,301$282,398
198 ($2,251)$946$1,305$281,093
199 ($2,251)$942$1,310$279,784
200 ($2,251)$937$1,314$278,470
201 ($2,251)$933$1,318$277,152
202 ($2,251)$928$1,323$275,829
203 ($2,251)$924$1,327$274,502
204 ($2,251)$920$1,332$273,170
Year 18 - 205 ($2,251)$915$1,336$271,834
206 ($2,251)$911$1,341$270,493
207 ($2,251)$906$1,345$269,148
208 ($2,251)$902$1,350$267,799
209 ($2,251)$897$1,354$266,445
210 ($2,251)$893$1,359$265,086
211 ($2,251)$888$1,363$263,723
212 ($2,251)$883$1,368$262,355
213 ($2,251)$879$1,372$260,983
214 ($2,251)$874$1,377$259,606
215 ($2,251)$870$1,382$258,225
216 ($2,251)$865$1,386$256,838
Year 19 - 217 ($2,251)$860$1,391$255,448
218 ($2,251)$856$1,395$254,052
219 ($2,251)$851$1,400$252,652
220 ($2,251)$846$1,405$251,247
221 ($2,251)$842$1,410$249,838
222 ($2,251)$837$1,414$248,424
223 ($2,251)$832$1,419$247,005
224 ($2,251)$827$1,424$245,581
225 ($2,251)$823$1,428$244,152
226 ($2,251)$818$1,433$242,719
227 ($2,251)$813$1,438$241,281
228 ($2,251)$808$1,443$239,838
Year 20 - 229 ($2,251)$803$1,448$238,390
230 ($2,251)$799$1,453$236,938
231 ($2,251)$794$1,457$235,480
232 ($2,251)$789$1,462$234,018
233 ($2,251)$784$1,467$232,551
234 ($2,251)$779$1,472$231,079
235 ($2,251)$774$1,477$229,602
236 ($2,251)$769$1,482$228,120
237 ($2,251)$764$1,487$226,633
238 ($2,251)$759$1,492$225,141
239 ($2,251)$754$1,497$223,644
240 ($2,251)$749$1,502$222,142
Year 21 - 241 ($2,251)$744$1,507$220,635
242 ($2,251)$739$1,512$219,123
243 ($2,251)$734$1,517$217,605
244 ($2,251)$729$1,522$216,083
245 ($2,251)$724$1,527$214,556
246 ($2,251)$719$1,532$213,024
247 ($2,251)$714$1,538$211,486
248 ($2,251)$708$1,543$209,943
249 ($2,251)$703$1,548$208,395
250 ($2,251)$698$1,553$206,842
251 ($2,251)$693$1,558$205,284
252 ($2,251)$688$1,563$203,721
Year 22 - 253 ($2,251)$682$1,569$202,152
254 ($2,251)$677$1,574$200,578
255 ($2,251)$672$1,579$198,999
256 ($2,251)$667$1,585$197,414
257 ($2,251)$661$1,590$195,824
258 ($2,251)$656$1,595$194,229
259 ($2,251)$651$1,601$192,629
260 ($2,251)$645$1,606$191,023
261 ($2,251)$640$1,611$189,411
262 ($2,251)$635$1,617$187,795
263 ($2,251)$629$1,622$186,173
264 ($2,251)$624$1,628$184,545
Year 23 - 265 ($2,251)$618$1,633$182,912
266 ($2,251)$613$1,638$181,274
267 ($2,251)$607$1,644$179,630
268 ($2,251)$602$1,649$177,980
269 ($2,251)$596$1,655$176,325
270 ($2,251)$591$1,660$174,665
271 ($2,251)$585$1,666$172,999
272 ($2,251)$580$1,672$171,327
273 ($2,251)$574$1,677$169,650
274 ($2,251)$568$1,683$167,967
275 ($2,251)$563$1,688$166,279
276 ($2,251)$557$1,694$164,584
Year 24 - 277 ($2,251)$551$1,700$162,885
278 ($2,251)$546$1,706$161,179
279 ($2,251)$540$1,711$159,468
280 ($2,251)$534$1,717$157,751
281 ($2,251)$528$1,723$156,028
282 ($2,251)$523$1,728$154,300
283 ($2,251)$517$1,734$152,565
284 ($2,251)$511$1,740$150,825
285 ($2,251)$505$1,746$149,079
286 ($2,251)$499$1,752$147,328
287 ($2,251)$494$1,758$145,570
288 ($2,251)$488$1,764$143,806
Year 25 - 289 ($2,251)$482$1,769$142,037
290 ($2,251)$476$1,775$140,262
291 ($2,251)$470$1,781$138,480
292 ($2,251)$464$1,787$136,693
293 ($2,251)$458$1,793$134,900
294 ($2,251)$452$1,799$133,101
295 ($2,251)$446$1,805$131,295
296 ($2,251)$440$1,811$129,484
297 ($2,251)$434$1,817$127,666
298 ($2,251)$428$1,824$125,843
299 ($2,251)$422$1,830$124,013
300 ($2,251)$415$1,836$122,178
Year 26 - 301 ($2,251)$409$1,842$120,336
302 ($2,251)$403$1,848$118,488
303 ($2,251)$397$1,854$116,633
304 ($2,251)$391$1,860$114,773
305 ($2,251)$384$1,867$112,906
306 ($2,251)$378$1,873$111,033
307 ($2,251)$372$1,879$109,154
308 ($2,251)$366$1,886$107,268
309 ($2,251)$359$1,892$105,377
310 ($2,251)$353$1,898$103,478
311 ($2,251)$347$1,905$101,574
312 ($2,251)$340$1,911$99,663
Year 27 - 313 ($2,251)$334$1,917$97,746
314 ($2,251)$327$1,924$95,822
315 ($2,251)$321$1,930$93,892
316 ($2,251)$315$1,937$91,955
317 ($2,251)$308$1,943$90,012
318 ($2,251)$302$1,950$88,062
319 ($2,251)$295$1,956$86,106
320 ($2,251)$288$1,963$84,143
321 ($2,251)$282$1,969$82,174
322 ($2,251)$275$1,976$80,198
323 ($2,251)$269$1,983$78,216
324 ($2,251)$262$1,989$76,227
Year 28 - 325 ($2,251)$255$1,996$74,231
326 ($2,251)$249$2,003$72,228
327 ($2,251)$242$2,009$70,219
328 ($2,251)$235$2,016$68,203
329 ($2,251)$228$2,023$66,180
330 ($2,251)$222$2,029$64,151
331 ($2,251)$215$2,036$62,115
332 ($2,251)$208$2,043$60,071
333 ($2,251)$201$2,050$58,021
334 ($2,251)$194$2,057$55,965
335 ($2,251)$187$2,064$53,901
336 ($2,251)$181$2,071$51,830
Year 29 - 337 ($2,251)$174$2,078$49,753
338 ($2,251)$167$2,085$47,668
339 ($2,251)$160$2,092$45,577
340 ($2,251)$153$2,099$43,478
341 ($2,251)$146$2,106$41,373
342 ($2,251)$139$2,113$39,260
343 ($2,251)$132$2,120$37,140
344 ($2,251)$124$2,127$35,014
345 ($2,251)$117$2,134$32,880
346 ($2,251)$110$2,141$30,739
347 ($2,251)$103$2,148$28,591
348 ($2,251)$96$2,155$26,435
Year 30 - 349 ($2,251)$89$2,163$24,272
350 ($2,251)$81$2,170$22,103
351 ($2,251)$74$2,177$19,925
352 ($2,251)$67$2,184$17,741
353 ($2,251)$59$2,192$15,549
354 ($2,251)$52$2,199$13,350
355 ($2,251)$45$2,206$11,144
356 ($2,251)$37$2,214$8,930
357 ($2,251)$30$2,221$6,709
358 ($2,251)$22$2,229$4,480
359 ($2,251)$15$2,236$2,244
360 ($2,251)$8$2,244$0
TOTALS$340,028$470,400$810,428

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.