See how each payment chips away at principal and how much goes to interest over the life of the loan.
Loan Details
Payment Schedule
| Month | Date | Payment | Principal | Interest | Balance |
|---|
Practical tips & common mistakes
Early years are interest-heavy
In year one of a 30-year loan, most of each payment is interest. Extra principal early has outsized lifetime savings.
Assuming linear paydown
You do not own 50% equity at year 15 on a 30-year loan — check the schedule for actual remaining balance before selling.
Annual escrow changes
P&I is fixed on fixed-rate loans, but escrowed taxes and insurance change payment envelopes every year.
ARM loans
This schedule assumes fixed rate. Adjustable loans reset — model rate shock before choosing ARM for a starter home.