Amortization Schedule Calculator – NerdWallet
Savings Corner
DECEMBER 27, 2023
For example, if you get a $200,000 mortgage for 30 years with an interest rate of 4.25%, your monthly principal and interest payments will be $984: With the first payment, $276 will go to principal (reducing the debt) and $708 will go to interest. That ratio gradually changes, and it flips in the later years of the mortgage.
Let's personalize your content