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

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.

Make sure you register to receive my Free Homebuying Guide and Insider Mortgage Reports, browse my Resources section, fill-out a FREE No-Obligation Secure Online Loan Application, or call me in my Lincoln University, Pennsylvania office at 610-345-9100. I am here to help you with all your mortgage needs.

Ken and his team were organized, responsive, and always available. He made our financing process smooth from pre-approval to closing. He was able to prepare both a construction/rehab pre-approval and also conventional financing for our home purchase.

user535898301 on 2019-03-01

We were first time home buyers and it was very scary territory! The second I walked into Ken office Kim made me feel so comfortable! Ken was so great at explaining everything to use and him and Jackie were so thorough and professional! The whole team is so great I would recommend them to anyone!

dowdy kasey on 2018-05-01

Ken and his team we awesome to work with. You all made this process so easy. Thank you for all you did to make our dreams come true. I will recommend them to everyone I know.

dtpaint018 on 2018-02-01

Ken and his colleagues were very easy to work with to finance the purchase of our new house. Everyone was friendly and efficient and Ken was a great resource for questions about the process. He was able to get our pre-qualification letter out the same day we needed it. Once we were under contract, at his recommendation, we locked in our rate at a great time and there was no drama in the closing process. We were able to do all the paperwork online--no messing with fax machines or dropping physical papers off anywhere. We would definitely work with Ken again.

jessifails on 2018-02-01

Ken and his team are a pleasure to work with! He was always happy to help and answer any questions we had and keeping in contact every step of the way.

MMM1117 on 2017-05-01

We only had just over a month for have our loan ready. Ken assured us it would be ready. From start of the process to the closing, the process was seamless. Ken's team was efficient, knowledgable and helpful the enter time. They assisted us with everything that was needed and kept us informed the entire time. I would recommend Ken and his team to anyone needing a mortgage.

LynneFlatleyOliver on 2017-05-01

Ken and his team have been great throughout my house purchase. They are always available and help you understand every step of the process. I would highly recommend!

steviep232005 on 2017-05-01

My husband and I just purchased a house, we are first time home buyers, and Ken was excellent to work with. He was very professional and timely in providing us with the information we needed to successfully secure our mortgage. There were no last minute surprises, everything went very smoothly. I would definitely recommend Ken.

hakeber123 on 2017-01-01

Mr. Pitts and his team were swift to support my fiance and I during every step of our housing process. He was courteous and swift to get in touch with us whenever we had questions, and professional even during negotiation over interest rates. If you go to the table with Ken, he will make sure you have the necessary financial backing to complete your purchase, without awkward issues arising during closing.

joshuanlarson on 2017-01-01

Ken recently assisted us with the purchase of our first home. Ken and his team were extremely helpful and informative throughout the entire process. I can not think of one negative thing to be said and very grateful for the professionalism, knowledge and experience that Ken brought to the table. Ken and his team assured that all necessary steps were completed well before settlement and the morning of settlement went through without a hitch. Ken also personally attended settlement with us and answered any questions that we had. A truly great guy and professional!

eric 12 on 2016-11-01

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