Inputs
Amortization schedule
Enter assumptions and click Calculate to estimate payment splits, annual totals, and remaining balance over time.
Summary
Click Calculate to view the estimate.
Chart
Remaining balance over time
Annual summary
Principal and interest by year
| Year | Total payments |
Total interest |
Total principal |
Ending balance |
|---|
Amortization table
Payment-by-payment schedule
| Payment number |
Year | Opening balance |
Payment | Interest portion |
Principal portion |
Ending balance |
|---|
Assumptions and disclosure
This is a simplified educational estimate using a fixed annual interest rate, regular payments, and a fixed amortization period.
Unless otherwise stated, the calculator assumes a Canadian-style nominal annual mortgage rate compounded semi-annually, with payment-frequency conversion based on the selected payment schedule.
The calculator does not model mortgage insurance, lender fees, prepayments, variable rates, rate resets, renewal risk, penalties, property taxes, insurance costs, accelerated payment programs, or lender-specific compounding and rounding conventions.
Actual lender calculations and payment schedules may differ.
Educational information only. This tool is not financial, tax, legal, accounting, investment, retirement, estate, mortgage, or lending advice.