Why do early mortgage payments go mostly to interest?

In month 1 on a $400,000/7%/30-yr loan: $2,661 payment with $2,333 to interest and only $328 to principal. Interest decreases each month as the principal balance falls.

When does the split become 50/50 principal and interest?

On a 30-year mortgage at 7%, the 50/50 crossover occurs around month 212 (year 17.7). You pay more to interest than principal for the majority of a standard mortgage.

How can I use the amortization schedule strategically?

It shows the exact impact of extra payments. Paying one extra principal payment per year (equivalent to biweekly payments) typically cuts 4-5 years off a 30-year mortgage.

Mortgage Amortization Schedule Calculator

Generate a full amortization schedule showing principal and interest split for every payment. Reveals how little principal early payments apply to the loan balance.

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Frequently Asked Questions

Why do early mortgage payments go mostly to interest?

When does the split become 50/50 principal and interest?

How can I use the amortization schedule strategically?