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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 May 25, 2017. Check Lending Tree to see current rates from multiple lenders.

Mortgage Parameters


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


3.95% is current rate for 30-year fixed
3.19% is current rate for 15-year fixed

Mortgage Summary

Monthly PaymentNumber of PaymentsTotal InterestTotal Paid
$228 360 $34,000 $82,000

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)$157$70$47,720
5 ($228)$157$71$47,649
6 ($228)$157$71$47,578
7 ($228)$157$71$47,507
8 ($228)$156$71$47,435
9 ($228)$156$72$47,364
10 ($228)$156$72$47,292
11 ($228)$156$72$47,220
12 ($228)$155$72$47,147
Year 2 - 13 ($228)$155$73$47,075
14 ($228)$155$73$47,002
15 ($228)$155$73$46,929
16 ($228)$154$73$46,856
17 ($228)$154$74$46,782
18 ($228)$154$74$46,708
19 ($228)$154$74$46,634
20 ($228)$154$74$46,560
21 ($228)$153$75$46,485
22 ($228)$153$75$46,411
23 ($228)$153$75$46,336
24 ($228)$153$75$46,260
Year 3 - 25 ($228)$152$76$46,185
26 ($228)$152$76$46,109
27 ($228)$152$76$46,033
28 ($228)$152$76$45,957
29 ($228)$151$77$45,880
30 ($228)$151$77$45,804
31 ($228)$151$77$45,727
32 ($228)$151$77$45,649
33 ($228)$150$78$45,572
34 ($228)$150$78$45,494
35 ($228)$150$78$45,416
36 ($228)$149$78$45,338
Year 4 - 37 ($228)$149$79$45,259
38 ($228)$149$79$45,180
39 ($228)$149$79$45,101
40 ($228)$148$79$45,022
41 ($228)$148$80$44,942
42 ($228)$148$80$44,863
43 ($228)$148$80$44,782
44 ($228)$147$80$44,702
45 ($228)$147$81$44,621
46 ($228)$147$81$44,541
47 ($228)$147$81$44,459
48 ($228)$146$81$44,378
Year 5 - 49 ($228)$146$82$44,296
50 ($228)$146$82$44,214
51 ($228)$146$82$44,132
52 ($228)$145$83$44,050
53 ($228)$145$83$43,967
54 ($228)$145$83$43,884
55 ($228)$144$83$43,800
56 ($228)$144$84$43,717
57 ($228)$144$84$43,633
58 ($228)$144$84$43,549
59 ($228)$143$84$43,464
60 ($228)$143$85$43,380
Year 6 - 61 ($228)$143$85$43,295
62 ($228)$143$85$43,209
63 ($228)$142$86$43,124
64 ($228)$142$86$43,038
65 ($228)$142$86$42,952
66 ($228)$141$86$42,866
67 ($228)$141$87$42,779
68 ($228)$141$87$42,692
69 ($228)$141$87$42,605
70 ($228)$140$88$42,517
71 ($228)$140$88$42,429
72 ($228)$140$88$42,341
Year 7 - 73 ($228)$139$88$42,253
74 ($228)$139$89$42,164
75 ($228)$139$89$42,075
76 ($228)$138$89$41,986
77 ($228)$138$90$41,896
78 ($228)$138$90$41,806
79 ($228)$138$90$41,716
80 ($228)$137$90$41,626
81 ($228)$137$91$41,535
82 ($228)$137$91$41,444
83 ($228)$136$91$41,353
84 ($228)$136$92$41,261
Year 8 - 85 ($228)$136$92$41,169
86 ($228)$136$92$41,077
87 ($228)$135$93$40,984
88 ($228)$135$93$40,891
89 ($228)$135$93$40,798
90 ($228)$134$93$40,705
91 ($228)$134$94$40,611
92 ($228)$134$94$40,517
93 ($228)$133$94$40,422
94 ($228)$133$95$40,328
95 ($228)$133$95$40,232
96 ($228)$132$95$40,137
Year 9 - 97 ($228)$132$96$40,041
98 ($228)$132$96$39,946
99 ($228)$131$96$39,849
100 ($228)$131$97$39,753
101 ($228)$131$97$39,656
102 ($228)$131$97$39,558
103 ($228)$130$98$39,461
104 ($228)$130$98$39,363
105 ($228)$130$98$39,265
106 ($228)$129$99$39,166
107 ($228)$129$99$39,067
108 ($228)$129$99$38,968
Year 10 - 109 ($228)$128$100$38,869
110 ($228)$128$100$38,769
111 ($228)$128$100$38,669
112 ($228)$127$100$38,568
113 ($228)$127$101$38,467
114 ($228)$127$101$38,366
115 ($228)$126$101$38,265
116 ($228)$126$102$38,163
117 ($228)$126$102$38,061
118 ($228)$125$102$37,958
119 ($228)$125$103$37,855
120 ($228)$125$103$37,752
Year 11 - 121 ($228)$124$104$37,649
122 ($228)$124$104$37,545
123 ($228)$124$104$37,441
124 ($228)$123$105$37,336
125 ($228)$123$105$37,231
126 ($228)$123$105$37,126
127 ($228)$122$106$37,020
128 ($228)$122$106$36,915
129 ($228)$122$106$36,808
130 ($228)$121$107$36,702
131 ($228)$121$107$36,595
132 ($228)$120$107$36,487
Year 12 - 133 ($228)$120$108$36,380
134 ($228)$120$108$36,272
135 ($228)$119$108$36,163
136 ($228)$119$109$36,055
137 ($228)$119$109$35,945
138 ($228)$118$109$35,836
139 ($228)$118$110$35,726
140 ($228)$118$110$35,616
141 ($228)$117$111$35,505
142 ($228)$117$111$35,395
143 ($228)$117$111$35,283
144 ($228)$116$112$35,172
Year 13 - 145 ($228)$116$112$35,060
146 ($228)$115$112$34,947
147 ($228)$115$113$34,835
148 ($228)$115$113$34,721
149 ($228)$114$113$34,608
150 ($228)$114$114$34,494
151 ($228)$114$114$34,380
152 ($228)$113$115$34,265
153 ($228)$113$115$34,150
154 ($228)$112$115$34,035
155 ($228)$112$116$33,919
156 ($228)$112$116$33,803
Year 14 - 157 ($228)$111$117$33,687
158 ($228)$111$117$33,570
159 ($228)$110$117$33,452
160 ($228)$110$118$33,335
161 ($228)$110$118$33,217
162 ($228)$109$118$33,098
163 ($228)$109$119$32,979
164 ($228)$109$119$32,860
165 ($228)$108$120$32,741
166 ($228)$108$120$32,621
167 ($228)$107$120$32,500
168 ($228)$107$121$32,379
Year 15 - 169 ($228)$107$121$32,258
170 ($228)$106$122$32,137
171 ($228)$106$122$32,015
172 ($228)$105$122$31,892
173 ($228)$105$123$31,769
174 ($228)$105$123$31,646
175 ($228)$104$124$31,523
176 ($228)$104$124$31,399
177 ($228)$103$124$31,274
178 ($228)$103$125$31,149
179 ($228)$103$125$31,024
180 ($228)$102$126$30,898
Year 16 - 181 ($228)$102$126$30,772
182 ($228)$101$126$30,646
183 ($228)$101$127$30,519
184 ($228)$100$127$30,392
185 ($228)$100$128$30,264
186 ($228)$100$128$30,136
187 ($228)$99$129$30,007
188 ($228)$99$129$29,878
189 ($228)$98$129$29,749
190 ($228)$98$130$29,619
191 ($228)$97$130$29,489
192 ($228)$97$131$29,358
Year 17 - 193 ($228)$97$131$29,227
194 ($228)$96$132$29,095
195 ($228)$96$132$28,963
196 ($228)$95$132$28,831
197 ($228)$95$133$28,698
198 ($228)$94$133$28,564
199 ($228)$94$134$28,431
200 ($228)$94$134$28,296
201 ($228)$93$135$28,162
202 ($228)$93$135$28,027
203 ($228)$92$136$27,891
204 ($228)$92$136$27,755
Year 18 - 205 ($228)$91$136$27,619
206 ($228)$91$137$27,482
207 ($228)$90$137$27,345
208 ($228)$90$138$27,207
209 ($228)$90$138$27,069
210 ($228)$89$139$26,930
211 ($228)$89$139$26,791
212 ($228)$88$140$26,651
213 ($228)$88$140$26,511
214 ($228)$87$141$26,371
215 ($228)$87$141$26,230
216 ($228)$86$141$26,088
Year 19 - 217 ($228)$86$142$25,946
218 ($228)$85$142$25,804
219 ($228)$85$143$25,661
220 ($228)$84$143$25,518
221 ($228)$84$144$25,374
222 ($228)$84$144$25,230
223 ($228)$83$145$25,085
224 ($228)$83$145$24,940
225 ($228)$82$146$24,794
226 ($228)$82$146$24,648
227 ($228)$81$147$24,501
228 ($228)$81$147$24,354
Year 20 - 229 ($228)$80$148$24,207
230 ($228)$80$148$24,059
231 ($228)$79$149$23,910
232 ($228)$79$149$23,761
233 ($228)$78$150$23,611
234 ($228)$78$150$23,461
235 ($228)$77$151$23,311
236 ($228)$77$151$23,160
237 ($228)$76$152$23,008
238 ($228)$76$152$22,856
239 ($228)$75$153$22,704
240 ($228)$75$153$22,551
Year 21 - 241 ($228)$74$154$22,397
242 ($228)$74$154$22,243
243 ($228)$73$155$22,088
244 ($228)$73$155$21,933
245 ($228)$72$156$21,778
246 ($228)$72$156$21,622
247 ($228)$71$157$21,465
248 ($228)$71$157$21,308
249 ($228)$70$158$21,150
250 ($228)$70$158$20,992
251 ($228)$69$159$20,833
252 ($228)$69$159$20,674
Year 22 - 253 ($228)$68$160$20,515
254 ($228)$68$160$20,354
255 ($228)$67$161$20,193
256 ($228)$66$161$20,032
257 ($228)$66$162$19,870
258 ($228)$65$162$19,708
259 ($228)$65$163$19,545
260 ($228)$64$163$19,382
261 ($228)$64$164$19,218
262 ($228)$63$165$19,053
263 ($228)$63$165$18,888
264 ($228)$62$166$18,722
Year 23 - 265 ($228)$62$166$18,556
266 ($228)$61$167$18,390
267 ($228)$61$167$18,222
268 ($228)$60$168$18,055
269 ($228)$59$168$17,886
270 ($228)$59$169$17,717
271 ($228)$58$169$17,548
272 ($228)$58$170$17,378
273 ($228)$57$171$17,207
274 ($228)$57$171$17,036
275 ($228)$56$172$16,864
276 ($228)$56$172$16,692
Year 24 - 277 ($228)$55$173$16,519
278 ($228)$54$173$16,346
279 ($228)$54$174$16,172
280 ($228)$53$175$15,997
281 ($228)$53$175$15,822
282 ($228)$52$176$15,647
283 ($228)$52$176$15,470
284 ($228)$51$177$15,293
285 ($228)$50$177$15,116
286 ($228)$50$178$14,938
287 ($228)$49$179$14,759
288 ($228)$49$179$14,580
Year 25 - 289 ($228)$48$180$14,400
290 ($228)$47$180$14,220
291 ($228)$47$181$14,039
292 ($228)$46$182$13,858
293 ($228)$46$182$13,675
294 ($228)$45$183$13,493
295 ($228)$44$183$13,309
296 ($228)$44$184$13,125
297 ($228)$43$185$12,941
298 ($228)$43$185$12,755
299 ($228)$42$186$12,570
300 ($228)$41$186$12,383
Year 26 - 301 ($228)$41$187$12,196
302 ($228)$40$188$12,009
303 ($228)$40$188$11,820
304 ($228)$39$189$11,632
305 ($228)$38$189$11,442
306 ($228)$38$190$11,252
307 ($228)$37$191$11,061
308 ($228)$36$191$10,870
309 ($228)$36$192$10,678
310 ($228)$35$193$10,485
311 ($228)$35$193$10,292
312 ($228)$34$194$10,098
Year 27 - 313 ($228)$33$195$9,903
314 ($228)$33$195$9,708
315 ($228)$32$196$9,512
316 ($228)$31$196$9,316
317 ($228)$31$197$9,119
318 ($228)$30$198$8,921
319 ($228)$29$198$8,723
320 ($228)$29$199$8,524
321 ($228)$28$200$8,324
322 ($228)$27$200$8,124
323 ($228)$27$201$7,923
324 ($228)$26$202$7,721
Year 28 - 325 ($228)$25$202$7,518
326 ($228)$25$203$7,315
327 ($228)$24$204$7,112
328 ($228)$23$204$6,907
329 ($228)$23$205$6,702
330 ($228)$22$206$6,497
331 ($228)$21$206$6,290
332 ($228)$21$207$6,083
333 ($228)$20$208$5,875
334 ($228)$19$208$5,667
335 ($228)$19$209$5,458
336 ($228)$18$210$5,248
Year 29 - 337 ($228)$17$211$5,038
338 ($228)$17$211$4,826
339 ($228)$16$212$4,614
340 ($228)$15$213$4,402
341 ($228)$14$213$4,189
342 ($228)$14$214$3,975
343 ($228)$13$215$3,760
344 ($228)$12$215$3,544
345 ($228)$12$216$3,328
346 ($228)$11$217$3,112
347 ($228)$10$218$2,894
348 ($228)$10$218$2,676
Year 30 - 349 ($228)$9$219$2,457
350 ($228)$8$220$2,237
351 ($228)$7$220$2,017
352 ($228)$7$221$1,796
353 ($228)$6$222$1,574
354 ($228)$5$223$1,351
355 ($228)$4$223$1,128
356 ($228)$4$224$904
357 ($228)$3$225$679
358 ($228)$2$226$453
359 ($228)$1$226$227
360 ($228)$1$227$0
TOTALS$34,000$48,000$82,000

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.