Inputs
Results
Mortgage amortization estimate
Regular payment
Total interest paid
$0
Total payments
$0
Number of payments
0
Chart
Remaining Balance Over Time
Annual Summary
Principal and Interest by Year
Annual totals show how interest gradually gives way to principal.
| Year | Total payments | Total interest | Total principal | Ending balance |
|---|
Detailed Schedule
Payment-by-Payment Amortization
Each row shows one payment. Smaller screens hide lower-priority columns first.
| Payment | Year | Opening balance | Payment | Interest | Principal | Ending balance |
|---|
Methodology and Disclosure
How This Calculator Works
Amortization means the schedule for gradually paying down a loan. Each regular payment has two parts: interest, which is the cost of borrowing, and principal, which reduces the mortgage balance.
- The calculator uses a Canadian-style mortgage convention: the nominal annual mortgage rate is compounded semi-annually, then converted to the selected payment frequency.
- The estimate assumes regular equal payments over the full amortization period, with no missed payments and no extra prepayments.
- Mortgage insurance, lender fees, variable-rate changes, renewal rates, penalties, property tax, home insurance, and lender-specific rounding are not included.
- Actual lender schedules can differ. Use this as an educational estimate and confirm details with the lender or mortgage professional.
Educational information only. This tool is not financial, tax, legal, accounting, investment, retirement, estate, mortgage, or lending advice.