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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 February 15, 2018. Check LendingTree to see current rates from multiple lenders or view the mortgage providers listed below.

Mortgage Parameters


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


4.38% is current rate for 30-year fixed
3.84% is current rate for 15-year fixed

Mortgage Summary

Monthly PaymentNumber of PaymentsTotal InterestTotal Paid
$240 360 $38,327 $86,327

Mortgage Payment Schedule

PaymentInterestPrincipalBalance
Home Purchase  $60,000
Down Payment $12,000$48,000
Year 1 - 1 ($240)$175$65$47,935
2 ($240)$175$65$47,871
3 ($240)$175$65$47,805
4 ($240)$174$65$47,740
5 ($240)$174$66$47,675
6 ($240)$174$66$47,609
7 ($240)$174$66$47,543
8 ($240)$174$66$47,477
9 ($240)$173$67$47,410
10 ($240)$173$67$47,343
11 ($240)$173$67$47,276
12 ($240)$173$67$47,209
Year 2 - 13 ($240)$172$67$47,142
14 ($240)$172$68$47,074
15 ($240)$172$68$47,006
16 ($240)$172$68$46,938
17 ($240)$171$68$46,869
18 ($240)$171$69$46,800
19 ($240)$171$69$46,731
20 ($240)$171$69$46,662
21 ($240)$170$69$46,593
22 ($240)$170$70$46,523
23 ($240)$170$70$46,453
24 ($240)$170$70$46,383
Year 3 - 25 ($240)$169$71$46,312
26 ($240)$169$71$46,242
27 ($240)$169$71$46,171
28 ($240)$169$71$46,099
29 ($240)$168$72$46,028
30 ($240)$168$72$45,956
31 ($240)$168$72$45,884
32 ($240)$167$72$45,812
33 ($240)$167$73$45,739
34 ($240)$167$73$45,666
35 ($240)$167$73$45,593
36 ($240)$166$73$45,520
Year 4 - 37 ($240)$166$74$45,446
38 ($240)$166$74$45,372
39 ($240)$166$74$45,298
40 ($240)$165$74$45,223
41 ($240)$165$75$45,149
42 ($240)$165$75$45,074
43 ($240)$165$75$44,998
44 ($240)$164$76$44,923
45 ($240)$164$76$44,847
46 ($240)$164$76$44,771
47 ($240)$163$76$44,694
48 ($240)$163$77$44,618
Year 5 - 49 ($240)$163$77$44,541
50 ($240)$163$77$44,464
51 ($240)$162$78$44,386
52 ($240)$162$78$44,308
53 ($240)$162$78$44,230
54 ($240)$161$78$44,152
55 ($240)$161$79$44,073
56 ($240)$161$79$43,994
57 ($240)$161$79$43,915
58 ($240)$160$80$43,836
59 ($240)$160$80$43,756
60 ($240)$160$80$43,676
Year 6 - 61 ($240)$159$80$43,595
62 ($240)$159$81$43,515
63 ($240)$159$81$43,434
64 ($240)$159$81$43,352
65 ($240)$158$82$43,271
66 ($240)$158$82$43,189
67 ($240)$158$82$43,107
68 ($240)$157$82$43,024
69 ($240)$157$83$42,942
70 ($240)$157$83$42,859
71 ($240)$156$83$42,775
72 ($240)$156$84$42,692
Year 7 - 73 ($240)$156$84$42,608
74 ($240)$156$84$42,523
75 ($240)$155$85$42,439
76 ($240)$155$85$42,354
77 ($240)$155$85$42,269
78 ($240)$154$86$42,183
79 ($240)$154$86$42,097
80 ($240)$154$86$42,011
81 ($240)$153$86$41,925
82 ($240)$153$87$41,838
83 ($240)$153$87$41,751
84 ($240)$152$87$41,663
Year 8 - 85 ($240)$152$88$41,576
86 ($240)$152$88$41,488
87 ($240)$151$88$41,399
88 ($240)$151$89$41,311
89 ($240)$151$89$41,221
90 ($240)$150$89$41,132
91 ($240)$150$90$41,042
92 ($240)$150$90$40,952
93 ($240)$149$90$40,862
94 ($240)$149$91$40,772
95 ($240)$149$91$40,681
96 ($240)$148$91$40,589
Year 9 - 97 ($240)$148$92$40,498
98 ($240)$148$92$40,406
99 ($240)$147$92$40,313
100 ($240)$147$93$40,221
101 ($240)$147$93$40,128
102 ($240)$146$93$40,034
103 ($240)$146$94$39,941
104 ($240)$146$94$39,847
105 ($240)$145$94$39,752
106 ($240)$145$95$39,658
107 ($240)$145$95$39,562
108 ($240)$144$95$39,467
Year 10 - 109 ($240)$144$96$39,371
110 ($240)$144$96$39,275
111 ($240)$143$96$39,179
112 ($240)$143$97$39,082
113 ($240)$143$97$38,985
114 ($240)$142$98$38,887
115 ($240)$142$98$38,790
116 ($240)$142$98$38,691
117 ($240)$141$99$38,593
118 ($240)$141$99$38,494
119 ($240)$141$99$38,394
120 ($240)$140$100$38,295
Year 11 - 121 ($240)$140$100$38,195
122 ($240)$139$100$38,094
123 ($240)$139$101$37,994
124 ($240)$139$101$37,893
125 ($240)$138$101$37,791
126 ($240)$138$102$37,689
127 ($240)$138$102$37,587
128 ($240)$137$103$37,484
129 ($240)$137$103$37,381
130 ($240)$136$103$37,278
131 ($240)$136$104$37,174
132 ($240)$136$104$37,070
Year 12 - 133 ($240)$135$104$36,966
134 ($240)$135$105$36,861
135 ($240)$135$105$36,756
136 ($240)$134$106$36,650
137 ($240)$134$106$36,544
138 ($240)$133$106$36,437
139 ($240)$133$107$36,331
140 ($240)$133$107$36,223
141 ($240)$132$108$36,116
142 ($240)$132$108$36,008
143 ($240)$131$108$35,900
144 ($240)$131$109$35,791
Year 13 - 145 ($240)$131$109$35,682
146 ($240)$130$110$35,572
147 ($240)$130$110$35,462
148 ($240)$129$110$35,352
149 ($240)$129$111$35,241
150 ($240)$129$111$35,130
151 ($240)$128$112$35,018
152 ($240)$128$112$34,906
153 ($240)$127$112$34,794
154 ($240)$127$113$34,681
155 ($240)$127$113$34,568
156 ($240)$126$114$34,454
Year 14 - 157 ($240)$126$114$34,340
158 ($240)$125$114$34,226
159 ($240)$125$115$34,111
160 ($240)$125$115$33,996
161 ($240)$124$116$33,880
162 ($240)$124$116$33,764
163 ($240)$123$117$33,647
164 ($240)$123$117$33,530
165 ($240)$122$117$33,413
166 ($240)$122$118$33,295
167 ($240)$122$118$33,177
168 ($240)$121$119$33,058
Year 15 - 169 ($240)$121$119$32,939
170 ($240)$120$120$32,819
171 ($240)$120$120$32,699
172 ($240)$119$120$32,579
173 ($240)$119$121$32,458
174 ($240)$118$121$32,337
175 ($240)$118$122$32,215
176 ($240)$118$122$32,093
177 ($240)$117$123$31,970
178 ($240)$117$123$31,847
179 ($240)$116$124$31,723
180 ($240)$116$124$31,599
Year 16 - 181 ($240)$115$124$31,475
182 ($240)$115$125$31,350
183 ($240)$114$125$31,224
184 ($240)$114$126$31,099
185 ($240)$114$126$30,972
186 ($240)$113$127$30,846
187 ($240)$113$127$30,718
188 ($240)$112$128$30,591
189 ($240)$112$128$30,463
190 ($240)$111$129$30,334
191 ($240)$111$129$30,205
192 ($240)$110$130$30,075
Year 17 - 193 ($240)$110$130$29,945
194 ($240)$109$130$29,815
195 ($240)$109$131$29,684
196 ($240)$108$131$29,552
197 ($240)$108$132$29,420
198 ($240)$107$132$29,288
199 ($240)$107$133$29,155
200 ($240)$106$133$29,022
201 ($240)$106$134$28,888
202 ($240)$105$134$28,754
203 ($240)$105$135$28,619
204 ($240)$104$135$28,483
Year 18 - 205 ($240)$104$136$28,348
206 ($240)$103$136$28,211
207 ($240)$103$137$28,074
208 ($240)$102$137$27,937
209 ($240)$102$138$27,799
210 ($240)$101$138$27,661
211 ($240)$101$139$27,522
212 ($240)$100$139$27,383
213 ($240)$100$140$27,243
214 ($240)$99$140$27,102
215 ($240)$99$141$26,962
216 ($240)$98$141$26,820
Year 19 - 217 ($240)$98$142$26,678
218 ($240)$97$142$26,536
219 ($240)$97$143$26,393
220 ($240)$96$143$26,249
221 ($240)$96$144$26,105
222 ($240)$95$145$25,961
223 ($240)$95$145$25,816
224 ($240)$94$146$25,670
225 ($240)$94$146$25,524
226 ($240)$93$147$25,378
227 ($240)$93$147$25,230
228 ($240)$92$148$25,083
Year 20 - 229 ($240)$92$148$24,935
230 ($240)$91$149$24,786
231 ($240)$90$149$24,636
232 ($240)$90$150$24,487
233 ($240)$89$150$24,336
234 ($240)$89$151$24,185
235 ($240)$88$152$24,034
236 ($240)$88$152$23,882
237 ($240)$87$153$23,729
238 ($240)$87$153$23,576
239 ($240)$86$154$23,422
240 ($240)$85$154$23,268
Year 21 - 241 ($240)$85$155$23,113
242 ($240)$84$155$22,957
243 ($240)$84$156$22,801
244 ($240)$83$157$22,645
245 ($240)$83$157$22,488
246 ($240)$82$158$22,330
247 ($240)$82$158$22,172
248 ($240)$81$159$22,013
249 ($240)$80$159$21,853
250 ($240)$80$160$21,693
251 ($240)$79$161$21,533
252 ($240)$79$161$21,371
Year 22 - 253 ($240)$78$162$21,210
254 ($240)$77$162$21,047
255 ($240)$77$163$20,884
256 ($240)$76$164$20,721
257 ($240)$76$164$20,557
258 ($240)$75$165$20,392
259 ($240)$74$165$20,226
260 ($240)$74$166$20,060
261 ($240)$73$167$19,894
262 ($240)$73$167$19,727
263 ($240)$72$168$19,559
264 ($240)$71$168$19,390
Year 23 - 265 ($240)$71$169$19,221
266 ($240)$70$170$19,052
267 ($240)$70$170$18,882
268 ($240)$69$171$18,711
269 ($240)$68$172$18,539
270 ($240)$68$172$18,367
271 ($240)$67$173$18,194
272 ($240)$66$173$18,021
273 ($240)$66$174$17,847
274 ($240)$65$175$17,672
275 ($240)$65$175$17,497
276 ($240)$64$176$17,321
Year 24 - 277 ($240)$63$177$17,144
278 ($240)$63$177$16,967
279 ($240)$62$178$16,789
280 ($240)$61$179$16,611
281 ($240)$61$179$16,432
282 ($240)$60$180$16,252
283 ($240)$59$180$16,071
284 ($240)$59$181$15,890
285 ($240)$58$182$15,708
286 ($240)$57$182$15,526
287 ($240)$57$183$15,343
288 ($240)$56$184$15,159
Year 25 - 289 ($240)$55$184$14,975
290 ($240)$55$185$14,789
291 ($240)$54$186$14,604
292 ($240)$53$186$14,417
293 ($240)$53$187$14,230
294 ($240)$52$188$14,042
295 ($240)$51$189$13,853
296 ($240)$51$189$13,664
297 ($240)$50$190$13,474
298 ($240)$49$191$13,284
299 ($240)$48$191$13,092
300 ($240)$48$192$12,900
Year 26 - 301 ($240)$47$193$12,708
302 ($240)$46$193$12,514
303 ($240)$46$194$12,320
304 ($240)$45$195$12,125
305 ($240)$44$196$11,930
306 ($240)$44$196$11,733
307 ($240)$43$197$11,537
308 ($240)$42$198$11,339
309 ($240)$41$198$11,140
310 ($240)$41$199$10,941
311 ($240)$40$200$10,741
312 ($240)$39$201$10,541
Year 27 - 313 ($240)$38$201$10,340
314 ($240)$38$202$10,137
315 ($240)$37$203$9,935
316 ($240)$36$204$9,731
317 ($240)$36$204$9,527
318 ($240)$35$205$9,322
319 ($240)$34$206$9,116
320 ($240)$33$207$8,910
321 ($240)$33$207$8,702
322 ($240)$32$208$8,494
323 ($240)$31$209$8,285
324 ($240)$30$210$8,076
Year 28 - 325 ($240)$29$210$7,866
326 ($240)$29$211$7,654
327 ($240)$28$212$7,443
328 ($240)$27$213$7,230
329 ($240)$26$213$7,017
330 ($240)$26$214$6,802
331 ($240)$25$215$6,587
332 ($240)$24$216$6,372
333 ($240)$23$217$6,155
334 ($240)$22$217$5,938
335 ($240)$22$218$5,720
336 ($240)$21$219$5,501
Year 29 - 337 ($240)$20$220$5,281
338 ($240)$19$221$5,060
339 ($240)$18$221$4,839
340 ($240)$18$222$4,617
341 ($240)$17$223$4,394
342 ($240)$16$224$4,170
343 ($240)$15$225$3,946
344 ($240)$14$225$3,720
345 ($240)$14$226$3,494
346 ($240)$13$227$3,267
347 ($240)$12$228$3,039
348 ($240)$11$229$2,810
Year 30 - 349 ($240)$10$230$2,581
350 ($240)$9$230$2,351
351 ($240)$9$231$2,119
352 ($240)$8$232$1,887
353 ($240)$7$233$1,654
354 ($240)$6$234$1,421
355 ($240)$5$235$1,186
356 ($240)$4$235$951
357 ($240)$3$236$714
358 ($240)$3$237$477
359 ($240)$2$238$239
360 ($240)$1$239$0
TOTALS$38,327$48,000$86,327

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.