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Mortgage Payment Schedule for a $60,000 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% ($12,000) 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
$228 360 $34,199 $82,199

Mortgage Payment Schedule

PaymentInterestPrincipalBalance
Home Purchase  $60,000
Down Payment $12,000$48,000
Year 1 - 1 ($228)$159$70$47,930
2 ($228)$159$70$47,861
3 ($228)$158$70$47,791
4 ($228)$158$70$47,720
5 ($228)$158$70$47,650
6 ($228)$158$71$47,579
7 ($228)$157$71$47,508
8 ($228)$157$71$47,437
9 ($228)$157$71$47,366
10 ($228)$157$72$47,294
11 ($228)$156$72$47,222
12 ($228)$156$72$47,150
Year 2 - 13 ($228)$156$72$47,078
14 ($228)$156$73$47,005
15 ($228)$156$73$46,933
16 ($228)$155$73$46,859
17 ($228)$155$73$46,786
18 ($228)$155$74$46,713
19 ($228)$155$74$46,639
20 ($228)$154$74$46,565
21 ($228)$154$74$46,491
22 ($228)$154$75$46,416
23 ($228)$154$75$46,341
24 ($228)$153$75$46,266
Year 3 - 25 ($228)$153$75$46,191
26 ($228)$153$76$46,115
27 ($228)$153$76$46,040
28 ($228)$152$76$45,964
29 ($228)$152$76$45,887
30 ($228)$152$77$45,811
31 ($228)$152$77$45,734
32 ($228)$151$77$45,657
33 ($228)$151$77$45,580
34 ($228)$151$78$45,502
35 ($228)$151$78$45,424
36 ($228)$150$78$45,346
Year 4 - 37 ($228)$150$78$45,268
38 ($228)$150$79$45,190
39 ($228)$150$79$45,111
40 ($228)$149$79$45,032
41 ($228)$149$79$44,952
42 ($228)$149$80$44,873
43 ($228)$148$80$44,793
44 ($228)$148$80$44,713
45 ($228)$148$80$44,632
46 ($228)$148$81$44,552
47 ($228)$147$81$44,471
48 ($228)$147$81$44,389
Year 5 - 49 ($228)$147$81$44,308
50 ($228)$147$82$44,226
51 ($228)$146$82$44,144
52 ($228)$146$82$44,062
53 ($228)$146$83$43,979
54 ($228)$145$83$43,897
55 ($228)$145$83$43,813
56 ($228)$145$83$43,730
57 ($228)$145$84$43,646
58 ($228)$144$84$43,562
59 ($228)$144$84$43,478
60 ($228)$144$84$43,394
Year 6 - 61 ($228)$144$85$43,309
62 ($228)$143$85$43,224
63 ($228)$143$85$43,139
64 ($228)$143$86$43,053
65 ($228)$142$86$42,967
66 ($228)$142$86$42,881
67 ($228)$142$86$42,794
68 ($228)$142$87$42,708
69 ($228)$141$87$42,621
70 ($228)$141$87$42,533
71 ($228)$141$88$42,446
72 ($228)$140$88$42,358
Year 7 - 73 ($228)$140$88$42,270
74 ($228)$140$88$42,181
75 ($228)$140$89$42,092
76 ($228)$139$89$42,003
77 ($228)$139$89$41,914
78 ($228)$139$90$41,824
79 ($228)$138$90$41,734
80 ($228)$138$90$41,644
81 ($228)$138$91$41,553
82 ($228)$137$91$41,463
83 ($228)$137$91$41,371
84 ($228)$137$91$41,280
Year 8 - 85 ($228)$137$92$41,188
86 ($228)$136$92$41,096
87 ($228)$136$92$41,004
88 ($228)$136$93$40,911
89 ($228)$135$93$40,818
90 ($228)$135$93$40,725
91 ($228)$135$94$40,631
92 ($228)$134$94$40,537
93 ($228)$134$94$40,443
94 ($228)$134$95$40,349
95 ($228)$133$95$40,254
96 ($228)$133$95$40,159
Year 9 - 97 ($228)$133$95$40,063
98 ($228)$133$96$39,967
99 ($228)$132$96$39,871
100 ($228)$132$96$39,775
101 ($228)$132$97$39,678
102 ($228)$131$97$39,581
103 ($228)$131$97$39,484
104 ($228)$131$98$39,386
105 ($228)$130$98$39,288
106 ($228)$130$98$39,190
107 ($228)$130$99$39,091
108 ($228)$129$99$38,992
Year 10 - 109 ($228)$129$99$38,892
110 ($228)$129$100$38,793
111 ($228)$128$100$38,693
112 ($228)$128$100$38,593
113 ($228)$128$101$38,492
114 ($228)$127$101$38,391
115 ($228)$127$101$38,290
116 ($228)$127$102$38,188
117 ($228)$126$102$38,086
118 ($228)$126$102$37,984
119 ($228)$126$103$37,881
120 ($228)$125$103$37,778
Year 11 - 121 ($228)$125$103$37,675
122 ($228)$125$104$37,571
123 ($228)$124$104$37,467
124 ($228)$124$104$37,362
125 ($228)$124$105$37,258
126 ($228)$123$105$37,153
127 ($228)$123$105$37,047
128 ($228)$123$106$36,941
129 ($228)$122$106$36,835
130 ($228)$122$106$36,729
131 ($228)$122$107$36,622
132 ($228)$121$107$36,515
Year 12 - 133 ($228)$121$108$36,407
134 ($228)$120$108$36,300
135 ($228)$120$108$36,191
136 ($228)$120$109$36,083
137 ($228)$119$109$35,974
138 ($228)$119$109$35,864
139 ($228)$119$110$35,755
140 ($228)$118$110$35,645
141 ($228)$118$110$35,534
142 ($228)$118$111$35,424
143 ($228)$117$111$35,312
144 ($228)$117$112$35,201
Year 13 - 145 ($228)$116$112$35,089
146 ($228)$116$112$34,977
147 ($228)$116$113$34,864
148 ($228)$115$113$34,751
149 ($228)$115$113$34,638
150 ($228)$115$114$34,524
151 ($228)$114$114$34,410
152 ($228)$114$114$34,295
153 ($228)$113$115$34,181
154 ($228)$113$115$34,065
155 ($228)$113$116$33,950
156 ($228)$112$116$33,834
Year 14 - 157 ($228)$112$116$33,717
158 ($228)$112$117$33,600
159 ($228)$111$117$33,483
160 ($228)$111$118$33,366
161 ($228)$110$118$33,248
162 ($228)$110$118$33,129
163 ($228)$110$119$33,011
164 ($228)$109$119$32,892
165 ($228)$109$120$32,772
166 ($228)$108$120$32,652
167 ($228)$108$120$32,532
168 ($228)$108$121$32,411
Year 15 - 169 ($228)$107$121$32,290
170 ($228)$107$122$32,169
171 ($228)$106$122$32,047
172 ($228)$106$122$31,924
173 ($228)$106$123$31,802
174 ($228)$105$123$31,679
175 ($228)$105$124$31,555
176 ($228)$104$124$31,431
177 ($228)$104$124$31,307
178 ($228)$104$125$31,182
179 ($228)$103$125$31,057
180 ($228)$103$126$30,931
Year 16 - 181 ($228)$102$126$30,805
182 ($228)$102$126$30,679
183 ($228)$101$127$30,552
184 ($228)$101$127$30,425
185 ($228)$101$128$30,297
186 ($228)$100$128$30,169
187 ($228)$100$129$30,040
188 ($228)$99$129$29,912
189 ($228)$99$129$29,782
190 ($228)$99$130$29,652
191 ($228)$98$130$29,522
192 ($228)$98$131$29,391
Year 17 - 193 ($228)$97$131$29,260
194 ($228)$97$132$29,129
195 ($228)$96$132$28,997
196 ($228)$96$132$28,864
197 ($228)$95$133$28,732
198 ($228)$95$133$28,598
199 ($228)$95$134$28,465
200 ($228)$94$134$28,330
201 ($228)$94$135$28,196
202 ($228)$93$135$28,061
203 ($228)$93$135$27,925
204 ($228)$92$136$27,789
Year 18 - 205 ($228)$92$136$27,653
206 ($228)$91$137$27,516
207 ($228)$91$137$27,379
208 ($228)$91$138$27,241
209 ($228)$90$138$27,103
210 ($228)$90$139$26,964
211 ($228)$89$139$26,825
212 ($228)$89$140$26,686
213 ($228)$88$140$26,545
214 ($228)$88$141$26,405
215 ($228)$87$141$26,264
216 ($228)$87$141$26,123
Year 19 - 217 ($228)$86$142$25,981
218 ($228)$86$142$25,838
219 ($228)$85$143$25,695
220 ($228)$85$143$25,552
221 ($228)$85$144$25,408
222 ($228)$84$144$25,264
223 ($228)$84$145$25,119
224 ($228)$83$145$24,974
225 ($228)$83$146$24,828
226 ($228)$82$146$24,682
227 ($228)$82$147$24,535
228 ($228)$81$147$24,388
Year 20 - 229 ($228)$81$148$24,241
230 ($228)$80$148$24,093
231 ($228)$80$149$23,944
232 ($228)$79$149$23,795
233 ($228)$79$150$23,645
234 ($228)$78$150$23,495
235 ($228)$78$151$23,344
236 ($228)$77$151$23,193
237 ($228)$77$152$23,042
238 ($228)$76$152$22,890
239 ($228)$76$153$22,737
240 ($228)$75$153$22,584
Year 21 - 241 ($228)$75$154$22,430
242 ($228)$74$154$22,276
243 ($228)$74$155$22,122
244 ($228)$73$155$21,966
245 ($228)$73$156$21,811
246 ($228)$72$156$21,655
247 ($228)$72$157$21,498
248 ($228)$71$157$21,341
249 ($228)$71$158$21,183
250 ($228)$70$158$21,025
251 ($228)$70$159$20,866
252 ($228)$69$159$20,707
Year 22 - 253 ($228)$69$160$20,547
254 ($228)$68$160$20,387
255 ($228)$67$161$20,226
256 ($228)$67$161$20,064
257 ($228)$66$162$19,902
258 ($228)$66$162$19,740
259 ($228)$65$163$19,577
260 ($228)$65$164$19,413
261 ($228)$64$164$19,249
262 ($228)$64$165$19,084
263 ($228)$63$165$18,919
264 ($228)$63$166$18,753
Year 23 - 265 ($228)$62$166$18,587
266 ($228)$61$167$18,420
267 ($228)$61$167$18,253
268 ($228)$60$168$18,085
269 ($228)$60$168$17,917
270 ($228)$59$169$17,747
271 ($228)$59$170$17,578
272 ($228)$58$170$17,408
273 ($228)$58$171$17,237
274 ($228)$57$171$17,066
275 ($228)$56$172$16,894
276 ($228)$56$172$16,721
Year 24 - 277 ($228)$55$173$16,548
278 ($228)$55$174$16,375
279 ($228)$54$174$16,201
280 ($228)$54$175$16,026
281 ($228)$53$175$15,851
282 ($228)$52$176$15,675
283 ($228)$52$176$15,498
284 ($228)$51$177$15,321
285 ($228)$51$178$15,143
286 ($228)$50$178$14,965
287 ($228)$50$179$14,786
288 ($228)$49$179$14,607
Year 25 - 289 ($228)$48$180$14,427
290 ($228)$48$181$14,246
291 ($228)$47$181$14,065
292 ($228)$47$182$13,883
293 ($228)$46$182$13,701
294 ($228)$45$183$13,518
295 ($228)$45$184$13,334
296 ($228)$44$184$13,150
297 ($228)$44$185$12,965
298 ($228)$43$185$12,780
299 ($228)$42$186$12,594
300 ($228)$42$187$12,407
Year 26 - 301 ($228)$41$187$12,220
302 ($228)$40$188$12,032
303 ($228)$40$189$11,844
304 ($228)$39$189$11,654
305 ($228)$39$190$11,465
306 ($228)$38$190$11,274
307 ($228)$37$191$11,083
308 ($228)$37$192$10,891
309 ($228)$36$192$10,699
310 ($228)$35$193$10,506
311 ($228)$35$194$10,313
312 ($228)$34$194$10,118
Year 27 - 313 ($228)$33$195$9,924
314 ($228)$33$195$9,728
315 ($228)$32$196$9,532
316 ($228)$32$197$9,335
317 ($228)$31$197$9,138
318 ($228)$30$198$8,940
319 ($228)$30$199$8,741
320 ($228)$29$199$8,541
321 ($228)$28$200$8,341
322 ($228)$28$201$8,141
323 ($228)$27$201$7,939
324 ($228)$26$202$7,737
Year 28 - 325 ($228)$26$203$7,534
326 ($228)$25$203$7,331
327 ($228)$24$204$7,127
328 ($228)$24$205$6,922
329 ($228)$23$205$6,717
330 ($228)$22$206$6,511
331 ($228)$22$207$6,304
332 ($228)$21$207$6,096
333 ($228)$20$208$5,888
334 ($228)$19$209$5,679
335 ($228)$19$210$5,470
336 ($228)$18$210$5,260
Year 29 - 337 ($228)$17$211$5,049
338 ($228)$17$212$4,837
339 ($228)$16$212$4,625
340 ($228)$15$213$4,412
341 ($228)$15$214$4,198
342 ($228)$14$214$3,984
343 ($228)$13$215$3,768
344 ($228)$12$216$3,553
345 ($228)$12$217$3,336
346 ($228)$11$217$3,119
347 ($228)$10$218$2,901
348 ($228)$10$219$2,682
Year 30 - 349 ($228)$9$219$2,462
350 ($228)$8$220$2,242
351 ($228)$7$221$2,021
352 ($228)$7$222$1,800
353 ($228)$6$222$1,577
354 ($228)$5$223$1,354
355 ($228)$4$224$1,130
356 ($228)$4$225$906
357 ($228)$3$225$680
358 ($228)$2$226$454
359 ($228)$2$227$228
360 ($228)$1$228$0
TOTALS$34,199$48,000$82,199

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.