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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 July 20, 2017. Check LendingTree to see current rates from multiple lenders.

Mortgage Parameters


Less than 20% ($12,000) may require pre-mortgage insurance


3.96% 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 $34,099 $82,099

Mortgage Payment Schedule

PaymentInterestPrincipalBalance
Home Purchase  $60,000
Down Payment $12,000$48,000
Year 1 - 1 ($228)$158$70$47,930
2 ($228)$158$70$47,860
3 ($228)$158$70$47,790
4 ($228)$158$70$47,720
5 ($228)$157$71$47,649
6 ($228)$157$71$47,579
7 ($228)$157$71$47,508
8 ($228)$157$71$47,436
9 ($228)$157$72$47,365
10 ($228)$156$72$47,293
11 ($228)$156$72$47,221
12 ($228)$156$72$47,149
Year 2 - 13 ($228)$156$72$47,076
14 ($228)$155$73$47,004
15 ($228)$155$73$46,931
16 ($228)$155$73$46,858
17 ($228)$155$73$46,784
18 ($228)$154$74$46,710
19 ($228)$154$74$46,637
20 ($228)$154$74$46,562
21 ($228)$154$74$46,488
22 ($228)$153$75$46,413
23 ($228)$153$75$46,338
24 ($228)$153$75$46,263
Year 3 - 25 ($228)$153$75$46,188
26 ($228)$152$76$46,112
27 ($228)$152$76$46,036
28 ($228)$152$76$45,960
29 ($228)$152$76$45,884
30 ($228)$151$77$45,807
31 ($228)$151$77$45,730
32 ($228)$151$77$45,653
33 ($228)$151$77$45,576
34 ($228)$150$78$45,498
35 ($228)$150$78$45,420
36 ($228)$150$78$45,342
Year 4 - 37 ($228)$150$78$45,264
38 ($228)$149$79$45,185
39 ($228)$149$79$45,106
40 ($228)$149$79$45,027
41 ($228)$149$79$44,947
42 ($228)$148$80$44,868
43 ($228)$148$80$44,788
44 ($228)$148$80$44,707
45 ($228)$148$81$44,627
46 ($228)$147$81$44,546
47 ($228)$147$81$44,465
48 ($228)$147$81$44,384
Year 5 - 49 ($228)$146$82$44,302
50 ($228)$146$82$44,220
51 ($228)$146$82$44,138
52 ($228)$146$82$44,056
53 ($228)$145$83$43,973
54 ($228)$145$83$43,890
55 ($228)$145$83$43,807
56 ($228)$145$83$43,723
57 ($228)$144$84$43,640
58 ($228)$144$84$43,556
59 ($228)$144$84$43,471
60 ($228)$143$85$43,387
Year 6 - 61 ($228)$143$85$43,302
62 ($228)$143$85$43,217
63 ($228)$143$85$43,131
64 ($228)$142$86$43,046
65 ($228)$142$86$42,959
66 ($228)$142$86$42,873
67 ($228)$141$87$42,787
68 ($228)$141$87$42,700
69 ($228)$141$87$42,613
70 ($228)$141$87$42,525
71 ($228)$140$88$42,437
72 ($228)$140$88$42,349
Year 7 - 73 ($228)$140$88$42,261
74 ($228)$139$89$42,173
75 ($228)$139$89$42,084
76 ($228)$139$89$41,995
77 ($228)$139$89$41,905
78 ($228)$138$90$41,815
79 ($228)$138$90$41,725
80 ($228)$138$90$41,635
81 ($228)$137$91$41,544
82 ($228)$137$91$41,453
83 ($228)$137$91$41,362
84 ($228)$136$92$41,270
Year 8 - 85 ($228)$136$92$41,179
86 ($228)$136$92$41,086
87 ($228)$136$92$40,994
88 ($228)$135$93$40,901
89 ($228)$135$93$40,808
90 ($228)$135$93$40,715
91 ($228)$134$94$40,621
92 ($228)$134$94$40,527
93 ($228)$134$94$40,433
94 ($228)$133$95$40,338
95 ($228)$133$95$40,243
96 ($228)$133$95$40,148
Year 9 - 97 ($228)$132$96$40,052
98 ($228)$132$96$39,956
99 ($228)$132$96$39,860
100 ($228)$132$97$39,764
101 ($228)$131$97$39,667
102 ($228)$131$97$39,570
103 ($228)$131$97$39,472
104 ($228)$130$98$39,374
105 ($228)$130$98$39,276
106 ($228)$130$98$39,178
107 ($228)$129$99$39,079
108 ($228)$129$99$38,980
Year 10 - 109 ($228)$129$99$38,881
110 ($228)$128$100$38,781
111 ($228)$128$100$38,681
112 ($228)$128$100$38,580
113 ($228)$127$101$38,480
114 ($228)$127$101$38,379
115 ($228)$127$101$38,277
116 ($228)$126$102$38,175
117 ($228)$126$102$38,073
118 ($228)$126$102$37,971
119 ($228)$125$103$37,868
120 ($228)$125$103$37,765
Year 11 - 121 ($228)$125$103$37,662
122 ($228)$124$104$37,558
123 ($228)$124$104$37,454
124 ($228)$124$104$37,349
125 ($228)$123$105$37,245
126 ($228)$123$105$37,139
127 ($228)$123$105$37,034
128 ($228)$122$106$36,928
129 ($228)$122$106$36,822
130 ($228)$122$107$36,715
131 ($228)$121$107$36,608
132 ($228)$121$107$36,501
Year 12 - 133 ($228)$120$108$36,394
134 ($228)$120$108$36,286
135 ($228)$120$108$36,177
136 ($228)$119$109$36,069
137 ($228)$119$109$35,960
138 ($228)$119$109$35,850
139 ($228)$118$110$35,740
140 ($228)$118$110$35,630
141 ($228)$118$110$35,520
142 ($228)$117$111$35,409
143 ($228)$117$111$35,298
144 ($228)$116$112$35,186
Year 13 - 145 ($228)$116$112$35,074
146 ($228)$116$112$34,962
147 ($228)$115$113$34,849
148 ($228)$115$113$34,736
149 ($228)$115$113$34,623
150 ($228)$114$114$34,509
151 ($228)$114$114$34,395
152 ($228)$114$115$34,280
153 ($228)$113$115$34,165
154 ($228)$113$115$34,050
155 ($228)$112$116$33,934
156 ($228)$112$116$33,818
Year 14 - 157 ($228)$112$116$33,702
158 ($228)$111$117$33,585
159 ($228)$111$117$33,468
160 ($228)$110$118$33,350
161 ($228)$110$118$33,232
162 ($228)$110$118$33,114
163 ($228)$109$119$32,995
164 ($228)$109$119$32,876
165 ($228)$108$120$32,756
166 ($228)$108$120$32,636
167 ($228)$108$120$32,516
168 ($228)$107$121$32,395
Year 15 - 169 ($228)$107$121$32,274
170 ($228)$107$122$32,153
171 ($228)$106$122$32,031
172 ($228)$106$122$31,908
173 ($228)$105$123$31,786
174 ($228)$105$123$31,662
175 ($228)$104$124$31,539
176 ($228)$104$124$31,415
177 ($228)$104$124$31,290
178 ($228)$103$125$31,166
179 ($228)$103$125$31,040
180 ($228)$102$126$30,915
Year 16 - 181 ($228)$102$126$30,789
182 ($228)$102$126$30,662
183 ($228)$101$127$30,535
184 ($228)$101$127$30,408
185 ($228)$100$128$30,280
186 ($228)$100$128$30,152
187 ($228)$100$129$30,024
188 ($228)$99$129$29,895
189 ($228)$99$129$29,765
190 ($228)$98$130$29,636
191 ($228)$98$130$29,505
192 ($228)$97$131$29,375
Year 17 - 193 ($228)$97$131$29,244
194 ($228)$97$132$29,112
195 ($228)$96$132$28,980
196 ($228)$96$132$28,848
197 ($228)$95$133$28,715
198 ($228)$95$133$28,581
199 ($228)$94$134$28,448
200 ($228)$94$134$28,313
201 ($228)$93$135$28,179
202 ($228)$93$135$28,044
203 ($228)$93$136$27,908
204 ($228)$92$136$27,772
Year 18 - 205 ($228)$92$136$27,636
206 ($228)$91$137$27,499
207 ($228)$91$137$27,362
208 ($228)$90$138$27,224
209 ($228)$90$138$27,086
210 ($228)$89$139$26,947
211 ($228)$89$139$26,808
212 ($228)$88$140$26,668
213 ($228)$88$140$26,528
214 ($228)$88$141$26,388
215 ($228)$87$141$26,247
216 ($228)$87$141$26,105
Year 19 - 217 ($228)$86$142$25,964
218 ($228)$86$142$25,821
219 ($228)$85$143$25,678
220 ($228)$85$143$25,535
221 ($228)$84$144$25,391
222 ($228)$84$144$25,247
223 ($228)$83$145$25,102
224 ($228)$83$145$24,957
225 ($228)$82$146$24,811
226 ($228)$82$146$24,665
227 ($228)$81$147$24,518
228 ($228)$81$147$24,371
Year 20 - 229 ($228)$80$148$24,224
230 ($228)$80$148$24,076
231 ($228)$79$149$23,927
232 ($228)$79$149$23,778
233 ($228)$78$150$23,628
234 ($228)$78$150$23,478
235 ($228)$77$151$23,328
236 ($228)$77$151$23,177
237 ($228)$76$152$23,025
238 ($228)$76$152$22,873
239 ($228)$75$153$22,720
240 ($228)$75$153$22,567
Year 21 - 241 ($228)$74$154$22,414
242 ($228)$74$154$22,260
243 ($228)$73$155$22,105
244 ($228)$73$155$21,950
245 ($228)$72$156$21,794
246 ($228)$72$156$21,638
247 ($228)$71$157$21,481
248 ($228)$71$157$21,324
249 ($228)$70$158$21,167
250 ($228)$70$158$21,008
251 ($228)$69$159$20,850
252 ($228)$69$159$20,690
Year 22 - 253 ($228)$68$160$20,531
254 ($228)$68$160$20,370
255 ($228)$67$161$20,210
256 ($228)$67$161$20,048
257 ($228)$66$162$19,886
258 ($228)$66$162$19,724
259 ($228)$65$163$19,561
260 ($228)$65$164$19,397
261 ($228)$64$164$19,233
262 ($228)$63$165$19,069
263 ($228)$63$165$18,904
264 ($228)$62$166$18,738
Year 23 - 265 ($228)$62$166$18,572
266 ($228)$61$167$18,405
267 ($228)$61$167$18,238
268 ($228)$60$168$18,070
269 ($228)$60$168$17,901
270 ($228)$59$169$17,732
271 ($228)$59$170$17,563
272 ($228)$58$170$17,393
273 ($228)$57$171$17,222
274 ($228)$57$171$17,051
275 ($228)$56$172$16,879
276 ($228)$56$172$16,707
Year 24 - 277 ($228)$55$173$16,534
278 ($228)$55$173$16,360
279 ($228)$54$174$16,186
280 ($228)$53$175$16,012
281 ($228)$53$175$15,836
282 ($228)$52$176$15,661
283 ($228)$52$176$15,484
284 ($228)$51$177$15,307
285 ($228)$51$178$15,130
286 ($228)$50$178$14,952
287 ($228)$49$179$14,773
288 ($228)$49$179$14,594
Year 25 - 289 ($228)$48$180$14,414
290 ($228)$48$180$14,233
291 ($228)$47$181$14,052
292 ($228)$46$182$13,870
293 ($228)$46$182$13,688
294 ($228)$45$183$13,505
295 ($228)$45$183$13,322
296 ($228)$44$184$13,138
297 ($228)$43$185$12,953
298 ($228)$43$185$12,768
299 ($228)$42$186$12,582
300 ($228)$42$187$12,395
Year 26 - 301 ($228)$41$187$12,208
302 ($228)$40$188$12,020
303 ($228)$40$188$11,832
304 ($228)$39$189$11,643
305 ($228)$38$190$11,453
306 ($228)$38$190$11,263
307 ($228)$37$191$11,072
308 ($228)$37$192$10,881
309 ($228)$36$192$10,689
310 ($228)$35$193$10,496
311 ($228)$35$193$10,302
312 ($228)$34$194$10,108
Year 27 - 313 ($228)$33$195$9,914
314 ($228)$33$195$9,718
315 ($228)$32$196$9,522
316 ($228)$31$197$9,326
317 ($228)$31$197$9,128
318 ($228)$30$198$8,930
319 ($228)$29$199$8,732
320 ($228)$29$199$8,533
321 ($228)$28$200$8,333
322 ($228)$27$201$8,132
323 ($228)$27$201$7,931
324 ($228)$26$202$7,729
Year 28 - 325 ($228)$26$203$7,526
326 ($228)$25$203$7,323
327 ($228)$24$204$7,119
328 ($228)$23$205$6,915
329 ($228)$23$205$6,710
330 ($228)$22$206$6,504
331 ($228)$21$207$6,297
332 ($228)$21$207$6,090
333 ($228)$20$208$5,882
334 ($228)$19$209$5,673
335 ($228)$19$209$5,464
336 ($228)$18$210$5,254
Year 29 - 337 ($228)$17$211$5,043
338 ($228)$17$211$4,832
339 ($228)$16$212$4,620
340 ($228)$15$213$4,407
341 ($228)$15$214$4,193
342 ($228)$14$214$3,979
343 ($228)$13$215$3,764
344 ($228)$12$216$3,549
345 ($228)$12$216$3,332
346 ($228)$11$217$3,115
347 ($228)$10$218$2,897
348 ($228)$10$218$2,679
Year 30 - 349 ($228)$9$219$2,460
350 ($228)$8$220$2,240
351 ($228)$7$221$2,019
352 ($228)$7$221$1,798
353 ($228)$6$222$1,576
354 ($228)$5$223$1,353
355 ($228)$4$224$1,129
356 ($228)$4$224$905
357 ($228)$3$225$680
358 ($228)$2$226$454
359 ($228)$1$227$227
360 ($228)$1$227$0
TOTALS$34,099$48,000$82,099

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.