How Much Of My Payment Is Interest vs Principal?

This calculator allow you to "peek into the future", allowing you to see the remaining balance of your mortgage after several months or years of payments.

Loan Information

Amount
$
Interest Rate
%
Length
Years

Months Already Paid

Months Paid
Years
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Total Interests Paid $60,095.07
Principal Applied $20,428.17
Balance $229,571.83

Determining your mortgage loan principal - money you still owe to the bank for your house, can be very beneficial, particularly if you are looking to pay your mortgage off ahead of time. In order to figure out your remaining balance, you only need to know the loan amount, the interest rate on your loan, the length of your loan, and how many months you have already paid. Together, all of these factors will help you figure out the amount of principal you still owe.

As an example, pretend your total loan was for $250,000.00 with a 5.000% interest rate. The original loan was for 30 years, but you have already paid on the loan for 60 months. After paying on your loan for 60 months, you will have paid $60,095.07 in interest and only $20,428.17 toward the principal. If you subtract the $20,428.17 you have paid toward the principal from the original loan amount, this leaves you with $229,571.83 in principal left to be paid.

Disclaimers: The information provided by these calculators is for illustrative purposes only. There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. The default figures shown are hypothetical and may not be applicable to your individual situation. The calculated results are also intended for illustrative purposes only and accuracy is not guaranteed. There is not tax or financial advice given. Default and calculated tax data are for illustrative purposes only. Be sure to consult a tax or financial professional regarding your specific situation and before relying on the results.

Any hypothetical monthly mortgage payments reflect hypothetical Principal & Interest amounts rounded to the nearest dollar amount and may not include insurance, taxes, or other possible fees. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer.

We have many other Mortgage Calculators for you to use.

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