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

Mortgage Parameters


Less than 20% ($117,600) 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
$2,238 360 $335,148 $805,548

Mortgage Payment Schedule

PaymentInterestPrincipalBalance
Home Purchase  $588,000
Down Payment $117,600$470,400
Year 1 - 1 ($2,238)$1,556$681$469,719
2 ($2,238)$1,554$684$469,035
3 ($2,238)$1,552$686$468,349
4 ($2,238)$1,549$688$467,661
5 ($2,238)$1,547$690$466,970
6 ($2,238)$1,545$693$466,278
7 ($2,238)$1,543$695$465,583
8 ($2,238)$1,540$697$464,885
9 ($2,238)$1,538$700$464,186
10 ($2,238)$1,536$702$463,484
11 ($2,238)$1,533$704$462,779
12 ($2,238)$1,531$707$462,073
Year 2 - 13 ($2,238)$1,529$709$461,364
14 ($2,238)$1,526$711$460,653
15 ($2,238)$1,524$714$459,939
16 ($2,238)$1,522$716$459,223
17 ($2,238)$1,519$718$458,505
18 ($2,238)$1,517$721$457,784
19 ($2,238)$1,515$723$457,061
20 ($2,238)$1,512$726$456,335
21 ($2,238)$1,510$728$455,607
22 ($2,238)$1,507$730$454,877
23 ($2,238)$1,505$733$454,144
24 ($2,238)$1,502$735$453,409
Year 3 - 25 ($2,238)$1,500$738$452,671
26 ($2,238)$1,498$740$451,931
27 ($2,238)$1,495$742$451,189
28 ($2,238)$1,493$745$450,444
29 ($2,238)$1,490$747$449,697
30 ($2,238)$1,488$750$448,947
31 ($2,238)$1,485$752$448,194
32 ($2,238)$1,483$755$447,439
33 ($2,238)$1,480$757$446,682
34 ($2,238)$1,478$760$445,922
35 ($2,238)$1,475$762$445,160
36 ($2,238)$1,473$765$444,395
Year 4 - 37 ($2,238)$1,470$767$443,627
38 ($2,238)$1,468$770$442,858
39 ($2,238)$1,465$773$442,085
40 ($2,238)$1,463$775$441,310
41 ($2,238)$1,460$778$440,532
42 ($2,238)$1,457$780$439,752
43 ($2,238)$1,455$783$438,969
44 ($2,238)$1,452$785$438,184
45 ($2,238)$1,450$788$437,396
46 ($2,238)$1,447$791$436,605
47 ($2,238)$1,444$793$435,812
48 ($2,238)$1,442$796$435,016
Year 5 - 49 ($2,238)$1,439$798$434,218
50 ($2,238)$1,437$801$433,417
51 ($2,238)$1,434$804$432,613
52 ($2,238)$1,431$806$431,807
53 ($2,238)$1,429$809$430,998
54 ($2,238)$1,426$812$430,186
55 ($2,238)$1,423$814$429,371
56 ($2,238)$1,421$817$428,554
57 ($2,238)$1,418$820$427,734
58 ($2,238)$1,415$823$426,912
59 ($2,238)$1,412$825$426,087
60 ($2,238)$1,410$828$425,259
Year 6 - 61 ($2,238)$1,407$831$424,428
62 ($2,238)$1,404$833$423,594
63 ($2,238)$1,401$836$422,758
64 ($2,238)$1,399$839$421,919
65 ($2,238)$1,396$842$421,077
66 ($2,238)$1,393$845$420,233
67 ($2,238)$1,390$847$419,385
68 ($2,238)$1,387$850$418,535
69 ($2,238)$1,385$853$417,682
70 ($2,238)$1,382$856$416,826
71 ($2,238)$1,379$859$415,968
72 ($2,238)$1,376$861$415,106
Year 7 - 73 ($2,238)$1,373$864$414,242
74 ($2,238)$1,370$867$413,375
75 ($2,238)$1,368$870$412,505
76 ($2,238)$1,365$873$411,632
77 ($2,238)$1,362$876$410,756
78 ($2,238)$1,359$879$409,877
79 ($2,238)$1,356$882$408,996
80 ($2,238)$1,353$885$408,111
81 ($2,238)$1,350$887$407,224
82 ($2,238)$1,347$890$406,333
83 ($2,238)$1,344$893$405,440
84 ($2,238)$1,341$896$404,544
Year 8 - 85 ($2,238)$1,338$899$403,644
86 ($2,238)$1,335$902$402,742
87 ($2,238)$1,332$905$401,837
88 ($2,238)$1,329$908$400,929
89 ($2,238)$1,326$911$400,017
90 ($2,238)$1,323$914$399,103
91 ($2,238)$1,320$917$398,186
92 ($2,238)$1,317$920$397,266
93 ($2,238)$1,314$923$396,342
94 ($2,238)$1,311$926$395,416
95 ($2,238)$1,308$929$394,486
96 ($2,238)$1,305$933$393,554
Year 9 - 97 ($2,238)$1,302$936$392,618
98 ($2,238)$1,299$939$391,680
99 ($2,238)$1,296$942$390,738
100 ($2,238)$1,293$945$389,793
101 ($2,238)$1,290$948$388,845
102 ($2,238)$1,286$951$387,894
103 ($2,238)$1,283$954$386,939
104 ($2,238)$1,280$958$385,982
105 ($2,238)$1,277$961$385,021
106 ($2,238)$1,274$964$384,057
107 ($2,238)$1,271$967$383,090
108 ($2,238)$1,267$970$382,120
Year 10 - 109 ($2,238)$1,264$973$381,146
110 ($2,238)$1,261$977$380,170
111 ($2,238)$1,258$980$379,190
112 ($2,238)$1,254$983$378,207
113 ($2,238)$1,251$986$377,220
114 ($2,238)$1,248$990$376,231
115 ($2,238)$1,245$993$375,238
116 ($2,238)$1,241$996$374,241
117 ($2,238)$1,238$1,000$373,242
118 ($2,238)$1,235$1,003$372,239
119 ($2,238)$1,231$1,006$371,233
120 ($2,238)$1,228$1,009$370,223
Year 11 - 121 ($2,238)$1,225$1,013$369,211
122 ($2,238)$1,221$1,016$368,195
123 ($2,238)$1,218$1,020$367,175
124 ($2,238)$1,215$1,023$366,152
125 ($2,238)$1,211$1,026$365,126
126 ($2,238)$1,208$1,030$364,096
127 ($2,238)$1,205$1,033$363,063
128 ($2,238)$1,201$1,036$362,027
129 ($2,238)$1,198$1,040$360,987
130 ($2,238)$1,194$1,043$359,943
131 ($2,238)$1,191$1,047$358,896
132 ($2,238)$1,187$1,050$357,846
Year 12 - 133 ($2,238)$1,184$1,054$356,792
134 ($2,238)$1,180$1,057$355,735
135 ($2,238)$1,177$1,061$354,674
136 ($2,238)$1,173$1,064$353,610
137 ($2,238)$1,170$1,068$352,542
138 ($2,238)$1,166$1,071$351,471
139 ($2,238)$1,163$1,075$350,396
140 ($2,238)$1,159$1,078$349,318
141 ($2,238)$1,156$1,082$348,236
142 ($2,238)$1,152$1,086$347,150
143 ($2,238)$1,148$1,089$346,061
144 ($2,238)$1,145$1,093$344,968
Year 13 - 145 ($2,238)$1,141$1,096$343,872
146 ($2,238)$1,138$1,100$342,772
147 ($2,238)$1,134$1,104$341,668
148 ($2,238)$1,130$1,107$340,561
149 ($2,238)$1,127$1,111$339,450
150 ($2,238)$1,123$1,115$338,336
151 ($2,238)$1,119$1,118$337,217
152 ($2,238)$1,116$1,122$336,095
153 ($2,238)$1,112$1,126$334,970
154 ($2,238)$1,108$1,129$333,840
155 ($2,238)$1,104$1,133$332,707
156 ($2,238)$1,101$1,137$331,570
Year 14 - 157 ($2,238)$1,097$1,141$330,429
158 ($2,238)$1,093$1,144$329,285
159 ($2,238)$1,089$1,148$328,137
160 ($2,238)$1,086$1,152$326,985
161 ($2,238)$1,082$1,156$325,829
162 ($2,238)$1,078$1,160$324,669
163 ($2,238)$1,074$1,164$323,505
164 ($2,238)$1,070$1,167$322,338
165 ($2,238)$1,066$1,171$321,167
166 ($2,238)$1,063$1,175$319,992
167 ($2,238)$1,059$1,179$318,813
168 ($2,238)$1,055$1,183$317,630
Year 15 - 169 ($2,238)$1,051$1,187$316,443
170 ($2,238)$1,047$1,191$315,252
171 ($2,238)$1,043$1,195$314,058
172 ($2,238)$1,039$1,199$312,859
173 ($2,238)$1,035$1,203$311,656
174 ($2,238)$1,031$1,207$310,450
175 ($2,238)$1,027$1,211$309,239
176 ($2,238)$1,023$1,215$308,025
177 ($2,238)$1,019$1,219$306,806
178 ($2,238)$1,015$1,223$305,584
179 ($2,238)$1,011$1,227$304,357
180 ($2,238)$1,007$1,231$303,126
Year 16 - 181 ($2,238)$1,003$1,235$301,891
182 ($2,238)$999$1,239$300,653
183 ($2,238)$995$1,243$299,410
184 ($2,238)$991$1,247$298,162
185 ($2,238)$986$1,251$296,911
186 ($2,238)$982$1,255$295,656
187 ($2,238)$978$1,260$294,396
188 ($2,238)$974$1,264$293,133
189 ($2,238)$970$1,268$291,865
190 ($2,238)$966$1,272$290,593
191 ($2,238)$961$1,276$289,317
192 ($2,238)$957$1,280$288,036
Year 17 - 193 ($2,238)$953$1,285$286,751
194 ($2,238)$949$1,289$285,462
195 ($2,238)$944$1,293$284,169
196 ($2,238)$940$1,298$282,872
197 ($2,238)$936$1,302$281,570
198 ($2,238)$932$1,306$280,264
199 ($2,238)$927$1,310$278,953
200 ($2,238)$923$1,315$277,639
201 ($2,238)$919$1,319$276,319
202 ($2,238)$914$1,323$274,996
203 ($2,238)$910$1,328$273,668
204 ($2,238)$905$1,332$272,336
Year 18 - 205 ($2,238)$901$1,337$270,999
206 ($2,238)$897$1,341$269,658
207 ($2,238)$892$1,346$268,313
208 ($2,238)$888$1,350$266,963
209 ($2,238)$883$1,354$265,608
210 ($2,238)$879$1,359$264,249
211 ($2,238)$874$1,363$262,886
212 ($2,238)$870$1,368$261,518
213 ($2,238)$865$1,372$260,146
214 ($2,238)$861$1,377$258,769
215 ($2,238)$856$1,382$257,387
216 ($2,238)$852$1,386$256,001
Year 19 - 217 ($2,238)$847$1,391$254,610
218 ($2,238)$842$1,395$253,215
219 ($2,238)$838$1,400$251,815
220 ($2,238)$833$1,405$250,410
221 ($2,238)$828$1,409$249,001
222 ($2,238)$824$1,414$247,587
223 ($2,238)$819$1,419$246,169
224 ($2,238)$814$1,423$244,746
225 ($2,238)$810$1,428$243,318
226 ($2,238)$805$1,433$241,885
227 ($2,238)$800$1,437$240,448
228 ($2,238)$795$1,442$239,006
Year 20 - 229 ($2,238)$791$1,447$237,559
230 ($2,238)$786$1,452$236,107
231 ($2,238)$781$1,457$234,650
232 ($2,238)$776$1,461$233,189
233 ($2,238)$771$1,466$231,723
234 ($2,238)$767$1,471$230,252
235 ($2,238)$762$1,476$228,776
236 ($2,238)$757$1,481$227,295
237 ($2,238)$752$1,486$225,810
238 ($2,238)$747$1,491$224,319
239 ($2,238)$742$1,496$222,823
240 ($2,238)$737$1,500$221,323
Year 21 - 241 ($2,238)$732$1,505$219,818
242 ($2,238)$727$1,510$218,307
243 ($2,238)$722$1,515$216,792
244 ($2,238)$717$1,520$215,271
245 ($2,238)$712$1,525$213,746
246 ($2,238)$707$1,530$212,215
247 ($2,238)$702$1,536$210,680
248 ($2,238)$697$1,541$209,139
249 ($2,238)$692$1,546$207,593
250 ($2,238)$687$1,551$206,043
251 ($2,238)$682$1,556$204,487
252 ($2,238)$677$1,561$202,926
Year 22 - 253 ($2,238)$671$1,566$201,359
254 ($2,238)$666$1,571$199,788
255 ($2,238)$661$1,577$198,211
256 ($2,238)$656$1,582$196,629
257 ($2,238)$651$1,587$195,042
258 ($2,238)$645$1,592$193,450
259 ($2,238)$640$1,598$191,852
260 ($2,238)$635$1,603$190,249
261 ($2,238)$629$1,608$188,641
262 ($2,238)$624$1,614$187,027
263 ($2,238)$619$1,619$185,409
264 ($2,238)$613$1,624$183,784
Year 23 - 265 ($2,238)$608$1,630$182,155
266 ($2,238)$603$1,635$180,520
267 ($2,238)$597$1,640$178,879
268 ($2,238)$592$1,646$177,233
269 ($2,238)$586$1,651$175,582
270 ($2,238)$581$1,657$173,925
271 ($2,238)$575$1,662$172,263
272 ($2,238)$570$1,668$170,595
273 ($2,238)$564$1,673$168,922
274 ($2,238)$559$1,679$167,243
275 ($2,238)$553$1,684$165,559
276 ($2,238)$548$1,690$163,869
Year 24 - 277 ($2,238)$542$1,695$162,174
278 ($2,238)$537$1,701$160,473
279 ($2,238)$531$1,707$158,766
280 ($2,238)$525$1,712$157,053
281 ($2,238)$520$1,718$155,335
282 ($2,238)$514$1,724$153,612
283 ($2,238)$508$1,729$151,882
284 ($2,238)$502$1,735$150,147
285 ($2,238)$497$1,741$148,406
286 ($2,238)$491$1,747$146,659
287 ($2,238)$485$1,752$144,907
288 ($2,238)$479$1,758$143,149
Year 25 - 289 ($2,238)$474$1,764$141,385
290 ($2,238)$468$1,770$139,615
291 ($2,238)$462$1,776$137,839
292 ($2,238)$456$1,782$136,058
293 ($2,238)$450$1,788$134,270
294 ($2,238)$444$1,793$132,477
295 ($2,238)$438$1,799$130,677
296 ($2,238)$432$1,805$128,872
297 ($2,238)$426$1,811$127,061
298 ($2,238)$420$1,817$125,243
299 ($2,238)$414$1,823$123,420
300 ($2,238)$408$1,829$121,591
Year 26 - 301 ($2,238)$402$1,835$119,755
302 ($2,238)$396$1,841$117,914
303 ($2,238)$390$1,848$116,066
304 ($2,238)$384$1,854$114,213
305 ($2,238)$378$1,860$112,353
306 ($2,238)$372$1,866$110,487
307 ($2,238)$366$1,872$108,615
308 ($2,238)$359$1,878$106,737
309 ($2,238)$353$1,885$104,852
310 ($2,238)$347$1,891$102,961
311 ($2,238)$341$1,897$101,064
312 ($2,238)$334$1,903$99,161
Year 27 - 313 ($2,238)$328$1,910$97,252
314 ($2,238)$322$1,916$95,336
315 ($2,238)$315$1,922$93,413
316 ($2,238)$309$1,929$91,485
317 ($2,238)$303$1,935$89,550
318 ($2,238)$296$1,941$87,608
319 ($2,238)$290$1,948$85,661
320 ($2,238)$283$1,954$83,706
321 ($2,238)$277$1,961$81,746
322 ($2,238)$270$1,967$79,779
323 ($2,238)$264$1,974$77,805
324 ($2,238)$257$1,980$75,825
Year 28 - 325 ($2,238)$251$1,987$73,838
326 ($2,238)$244$1,993$71,844
327 ($2,238)$238$2,000$69,845
328 ($2,238)$231$2,007$67,838
329 ($2,238)$224$2,013$65,825
330 ($2,238)$218$2,020$63,805
331 ($2,238)$211$2,027$61,778
332 ($2,238)$204$2,033$59,745
333 ($2,238)$198$2,040$57,705
334 ($2,238)$191$2,047$55,658
335 ($2,238)$184$2,053$53,605
336 ($2,238)$177$2,060$51,545
Year 29 - 337 ($2,238)$171$2,067$49,478
338 ($2,238)$164$2,074$47,404
339 ($2,238)$157$2,081$45,323
340 ($2,238)$150$2,088$43,235
341 ($2,238)$143$2,095$41,140
342 ($2,238)$136$2,102$39,039
343 ($2,238)$129$2,108$36,930
344 ($2,238)$122$2,115$34,815
345 ($2,238)$115$2,122$32,693
346 ($2,238)$108$2,129$30,563
347 ($2,238)$101$2,137$28,427
348 ($2,238)$94$2,144$26,283
Year 30 - 349 ($2,238)$87$2,151$24,132
350 ($2,238)$80$2,158$21,975
351 ($2,238)$73$2,165$19,810
352 ($2,238)$66$2,172$17,637
353 ($2,238)$58$2,179$15,458
354 ($2,238)$51$2,186$13,272
355 ($2,238)$44$2,194$11,078
356 ($2,238)$37$2,201$8,877
357 ($2,238)$29$2,208$6,669
358 ($2,238)$22$2,216$4,453
359 ($2,238)$15$2,223$2,230
360 ($2,238)$7$2,230$0
TOTALS$335,148$470,400$805,548

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.