{"id":11926,"date":"2026-03-31T17:01:47","date_gmt":"2026-03-31T17:01:47","guid":{"rendered":"https:\/\/griffinfunding.com\/?p=11926"},"modified":"2026-04-02T07:46:52","modified_gmt":"2026-04-02T07:46:52","slug":"amortization-calculator","status":"publish","type":"post","link":"https:\/\/griffinfunding.com\/blog\/mortgage\/amortization-calculator\/","title":{"rendered":"Amortization Calculator"},"content":{"rendered":"<div id=\"amrt-calculator\" class=\"amrt-calculator\">\n\n\t\t<div class=\"amrt-calculator-container\">\n\n\t\t\t<div class=\"sidebar\">\n\t\t\t\t<div class=\"main-form\">\n\t\t\t\t\t<div class=\"input-box\">\n\t\t\t\t\t\t<div class=\"input-title\">Loan Amount<\/div>\n\t\t\t\t\t\t<div class=\"input-wrap\">\n\t\t\t\t\t\t\t<label>\n\t\t\t\t\t\t\t\t<input type=\"text\" name=\"loan-amount\" value=\"330,000\" placeholder=\" \" data-parse=\"monetary\">\n\t\t\t\t\t\t\t\t<span>$<\/span>\n\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"input-box input-box-group\">\n\t\t\t\t\t\t<div class=\"input-title\">Loan Term<\/div>\n\t\t\t\t\t\t<div class=\"input-group-row\">\n\t\t\t\t\t\t\t<div class=\"input-wrap right-placeholder\">\n\t\t\t\t\t\t\t\t<label>\n\t\t\t\t\t\t\t\t\t<input type=\"text\" name=\"loan-term\" value=\"30\" placeholder=\" \" data-parse=\"number\" aria-label=\"Loan Term\">\n\t\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"input-wrap\">\n\t\t\t\t\t\t\t\t<label>\n\t\t\t\t\t\t\t\t\t<select name=\"loan-term-date-type\" aria-label=\"Loan Term\">\n\t\t\t\t\t\t\t\t\t\t<option value=\"years\" selected>Years<\/option>\n\t\t\t\t\t\t\t\t\t\t<option value=\"months\">Months<\/option>\n\t\t\t\t\t\t\t\t\t<\/select>\n\t\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"input-box\">\n\t\t\t\t\t\t<div class=\"input-title\">Interest Rate<\/div>\n\t\t\t\t\t\t<div class=\"input-wrap right-placeholder\">\n\t\t\t\t\t\t\t<label>\n\t\t\t\t\t\t\t\t<input type=\"text\" name=\"interest-rate\" value=\"5.27\" placeholder=\" \" data-parse=\"percent\">\n\t\t\t\t\t\t\t\t<span>%<\/span>\n\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"input-box datepicker-input-box\">\n\t\t\t\t\t\t<div class=\"input-title\">Loan Start Date<\/div>\n\t\t\t\t\t\t<div class=\"input-wrap\">\n\t\t\t\t\t\t\t<label>\n\t\t\t\t\t\t\t\t<input type=\"text\" name=\"loan-start-date\" class=\"vdp-datepicker-input\" data-render=\"1\" aria-label=\"Loan Start Date\">\n\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<input type=\"button\" class=\"form-submit\" value=\"Calculate\" \/>\n\n\t\t\t\t\t<div class=\"toggle-advanced-form\">\n\t\t\t\t\t\t<a class=\"active\">Advanced\n\t\t\t\t\t\t\t<svg width=\"13\" height=\"7\" viewBox=\"0 0 13 7\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t<path d=\"M0.5 1.46676C0.5 1.18615 0.631514 0.929351 0.847696 0.751173C0.847804 0.751084 0.847912 0.750995 0.84802 0.750906L1.16587 1.13687C1.38685 0.954585 1.74539 0.954585 1.96636 1.13687L0.5 1.46676ZM0.5 1.46676C0.5 1.74745 0.63158 2.0043 0.847858 2.18249C0.847912 2.18253 0.847966 2.18258 0.84802 2.18262L5.78158 6.24898L0.5 1.46676ZM6.49999 4.22551L2.28453 0.751172L5.78174 6.24912C6.18741 6.58363 6.81259 6.58363 7.21826 6.24912C7.21831 6.24907 7.21836 6.24903 7.21842 6.24898L12.1521 2.18249C12.3684 2.00424 12.5 1.74736 12.5 1.46661C12.5 1.18591 12.3684 0.928847 12.1518 0.750617C11.7461 0.416326 11.121 0.416461 10.7155 0.751015L6.49999 4.22551Z\" fill=\"#BE0C0C\" stroke=\"#BE0C0C\"\/>\n\t\t\t\t\t\t\t<\/svg>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div class=\"advanced-form active\">\n\t\t\t\t\t\t<div class=\"advanced-form-title\">Optional: Make extra payments<\/div>\n\t\t\t\t\t\t<div class=\"advanced-form-desc\">By adding extra payments, you can pay off your loan and save on interest.<\/div>\n\t\t\t\t\t\t<div class=\"input-box\">\n\t\t\t\t\t\t\t<div class=\"input-title\">Additional Amount to Monthly Payment<\/div>\n\t\t\t\t\t\t\t<div class=\"input-wrap\">\n\t\t\t\t\t\t\t\t<label>\n\t\t\t\t\t\t\t\t\t<input type=\"text\" name=\"add-monthly-payment\" value=\"\" placeholder=\" \" data-parse=\"monetary\" data-recalculate=\"1\">\n\t\t\t\t\t\t\t\t\t<span>$<\/span>\n\t\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"input-box input-box-group\">\n\t\t\t\t\t\t\t<div class=\"input-title\">Additional Yearly Payments Starting<\/div>\n\t\t\t\t\t\t\t<div class=\"input-group-row\">\n\t\t\t\t\t\t\t\t<div class=\"input-wrap\">\n\t\t\t\t\t\t\t\t\t<label>\n\t\t\t\t\t\t\t\t\t\t<input type=\"text\" name=\"add-yearly-payment\" value=\"\" placeholder=\" \" data-parse=\"monetary\" data-recalculate=\"1\">\n\t\t\t\t\t\t\t\t\t\t<span>$<\/span>\n\t\t\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"input-wrap\">\n\t\t\t\t\t\t\t\t\t<label>\n\t\t\t\t\t\t\t\t\t\t<select name=\"add-yearly-payment-month\" class=\"\" data-recalculate=\"1\" aria-label=\"Additional Yearly Payments Starting\">\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"1\">January<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"2\">February<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"3\">March<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"4\">April<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"5\">May<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"6\">June<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"7\">July<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"8\">August<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"9\">September<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"10\">October<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"11\">November<\/option>\n\t\t\t\t\t\t\t\t\t\t\t<option value=\"12\">December<\/option>\n\t\t\t\t\t\t\t\t\t\t<\/select>\n\t\t\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<div class=\"input-box input-box-group datepicker-input-box modal-at-top-left\">\n\t\t\t\t\t\t\t<div class=\"input-title\">One-time Additional Payment on<\/div>\n\t\t\t\t\t\t\t<div class=\"input-group-row\">\n\t\t\t\t\t\t\t\t<div class=\"input-wrap\">\n\t\t\t\t\t\t\t\t\t<label>\n\t\t\t\t\t\t\t\t\t\t<input type=\"text\" name=\"add-one-payment\" value=\"\" placeholder=\" \" data-parse=\"monetary\" data-recalculate=\"1\">\n\t\t\t\t\t\t\t\t\t\t<span>$<\/span>\n\t\t\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"input-wrap\">\n\t\t\t\t\t\t\t\t\t<label>\n\t\t\t\t\t\t\t\t\t\t<input type=\"text\" name=\"add-one-payment-date\" class=\"vdp-datepicker-input\" data-recalculate=\"1\" data-add-month=\"1\" aria-label=\"One-time additional payment on\">\n\t\t\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"content\">\n\n\t\t\t\t<div id=\"nav-container\">\n\t\t\t\t\t<span class=\"mobile-nav-title\">Show result by:<\/span>\n\t\t\t\t\t<ul class=\"nav-items\">\n\t\t\t\t\t\t<li class=\"nav-item active\">\n\t\t\t\t\t\t\t<a class=\"nav-link active\" href=\"#\" data-box=\"box-payment-overtime\">Payment Over Time<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li class=\"nav-item\">\n\t\t\t\t\t\t\t<a class=\"nav-link\" href=\"#\" data-box=\"box-balance-overtime\">Balance Over Time<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li class=\"nav-item\">\n\t\t\t\t\t\t\t<a class=\"nav-link\" href=\"#\" data-box=\"box-schedule-breakdown\">Amortization Breakdown<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li class=\"nav-item\">\n\t\t\t\t\t\t\t<a class=\"nav-link\" href=\"#\" data-box=\"box-payment-breakdown\">Payment Breakdown<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\n\t\t\t\t<div class=\"box-content\">\n\n\t\t\t\t\t<!-- Payment Over Time -->\n\t\t\t\t\t<div class=\"box active\" id=\"box-payment-overtime\">\n\t\t\t\t\t\t<div class=\"box-header\">\n\t\t\t\t\t\t\t<h2>Payment Over Time<\/h2>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"box-main\">\n\t\t\t\t\t\t\t<div class=\"box-totals\">\n\t\t\t\t\t\t\t\t<div class=\"total-item total-loan-amount\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Loan Amount<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">$XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"total-item total-interest-paid\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Total Interest Paid<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">$XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"total-item total-loan-cost\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Total Cost of Loan<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">$XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"total-item total-payoff-date\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Payoff Date<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<span class=\"box-horizontal-separator\"><\/span>\n\t\t\t\t\t\t\t<div class=\"chart-container-wrap\">\n\t\t\t\t\t\t\t\t<div class=\"chart-container payment-overtime-chart\">\n\t\t\t\t\t\t\t\t\t<canvas id=\"payment-overtime-chart\"><\/canvas>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<!-- Balance Over Time -->\n\t\t\t\t\t<div class=\"box\" id=\"box-balance-overtime\">\n\t\t\t\t\t\t<div class=\"box-header\">\n\t\t\t\t\t\t\t<h2 class=\"no-tc\">Amortization Balance Over Time<\/h2>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"box-main\">\n\t\t\t\t\t\t\t<div class=\"box-totals\">\n\t\t\t\t\t\t\t\t<div class=\"total-item total-loan-amount\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Loan Amount<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">$XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"total-item total-interest-paid\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Total Interest Paid<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">$XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"total-item total-loan-cost\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Total Cost of Loan<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">$XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"total-item total-payoff-date\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Payoff Date<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<span class=\"box-horizontal-separator\"><\/span>\n\t\t\t\t\t\t\t<div class=\"box-columns\">\n\t\t\t\t\t\t\t\t<div class=\"box-col\">\n\t\t\t\t\t\t\t\t\t<div class=\"chart-container-wrap\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"chart-container balance-overtime-chart\">\n\t\t\t\t\t\t\t\t\t\t\t<canvas id=\"balance-overtime-chart\"><\/canvas>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"box-col\">\n\t\t\t\t\t\t\t\t\t<div class=\"box-rows\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"box-row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-bullet bullet-yellow\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-title\">Interest Paid<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-result interest-paid\">$X,XXX<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"box-row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-bullet bullet-red\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-title\">Principal Paid<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-result principal-paid\">$X,XXX<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"box-row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-bullet bullet-black\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-title\">Loan Balance<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-result loan-balance\">$X,XXX<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"balance-overtime-paid-date\"><\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<!-- Amortization schedule breakdown -->\n\t\t\t\t\t<div class=\"box\" id=\"box-schedule-breakdown\">\n\t\t\t\t\t\t<div class=\"box-header\">\n\t\t\t\t\t\t\t<h2 class=\"no-tc\">Amortization Schedule Breakdown<\/h2>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"box-main\">\n\t\t\t\t\t\t\t<div class=\"box-filters\">\n\t\t\t\t\t\t\t\t<div class=\"total-item total-first-payment\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"total-title\">First Payment<\/div>\n\t\t\t\t\t\t\t\t\t\t<input type=\"text\" name=\"loan-start-date\" class=\"vdp-datepicker-input\" data-recalculate=\"1\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"vdp-arrow-separator\">\n\t\t\t\t\t\t\t\t\t<svg viewBox=\"0 -6 24 24\" fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" focusable=\"false\" class=\"mt-8 Icon\">\n\t\t\t\t\t\t\t\t\t\t<path d=\"M20 12L13.8863 18L12.3579 16.5L15.7204 13.2H3V10.8H15.7204L12.3579 7.5L13.8863 6L20 12Z\" fill=\"currentColor\" class=\"icon-base\"><\/path>\n\t\t\t\t\t\t\t\t\t<\/svg>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"total-item total-payoff-date\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Last Payment<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"filter-action-wrap\">\n\t\t\t\t\t\t\t\t<a class=\"toggle-all-years\">Expand\/Hide all years<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"box-table-wrap\">\n\t\t\t\t\t\t\t\t<table id=\"amortization-table\">\n\t\t\t\t\t\t\t\t\t<thead>\n\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t<th>Date<\/th>\n\t\t\t\t\t\t\t\t\t\t<th>Principal<\/th>\n\t\t\t\t\t\t\t\t\t\t<th>Interest<\/th>\n\t\t\t\t\t\t\t\t\t\t<th>Balance<\/th>\n\t\t\t\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t<\/thead>\n\t\t\t\t\t\t\t\t\t<tbody>\n\t\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t<td colspan=\"4\">Empty<\/td>\n\t\t\t\t\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t<\/tbody>\n\t\t\t\t\t\t\t\t<\/table>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"box-actions\">\n\t\t\t\t\t\t\t\t<a class=\"export-to-csv\">Export as CSV<\/a> |\n\t\t\t\t\t\t\t\t<a onclick=\"window.print();\">\n\t\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\"><g clip-path=\"url(#clip0_3805_8080)\"><path d=\"M12.5 8.25C12.0859 8.25 11.75 8.58562 11.75 9C11.75 9.41406 12.0859 9.75 12.5 9.75C12.9141 9.75 13.25 9.41406 13.25 9C13.25 8.58562 12.9141 8.25 12.5 8.25ZM13.5 5.5V3.12125C13.5 2.72344 13.3419 2.34188 13.0606 2.06063L11.4394 0.439375C11.1581 0.158125 10.7766 0 10.3787 0H3.4525C2.92625 0 2.5 0.447812 2.5 1V5.5C1.11937 5.5 0 6.61938 0 8V12C0 12.2762 0.22375 12.5 0.5 12.5H2.5V15.5C2.5 15.7762 2.72375 16 3 16H13C13.2762 16 13.5 15.7762 13.5 15.5V12.5H15.5C15.7762 12.5 16 12.2762 16 12V8C16 6.61938 14.8806 5.5 13.5 5.5ZM4 1.5H10V3C10 3.27625 10.2238 3.5 10.5 3.5H12V5.5H4V1.5ZM12 14.5H4V12.5H12V14.5ZM14.5 11H1.5V8C1.5 7.44875 1.94875 7 2.5 7H13.5C14.0513 7 14.5 7.44875 14.5 8V11Z\" fill=\"#BE0C0C\"><\/path><\/g><defs><clipPath id=\"clip0_3805_8080\"><rect width=\"16\" height=\"16\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\n\t\t\t\t\t\t\t\t\tPrinter-friendly version\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<!-- Payment breakdown -->\n\t\t\t\t\t<div class=\"box\" id=\"box-payment-breakdown\">\n\t\t\t\t\t\t<div class=\"box-header\">\n\t\t\t\t\t\t\t<h2>Payment breakdown<\/h2>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"box-main\">\n\t\t\t\t\t\t\t<div class=\"box-totals\">\n\t\t\t\t\t\t\t\t<div class=\"total-item total-loan-amount\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Loan Amount<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">$XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"total-item total-interest-paid\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Total Interest Paid<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">$XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"total-item total-loan-cost\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Total Cost of Loan<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">$XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"total-item total-payoff-date\">\n\t\t\t\t\t\t\t\t\t<div class=\"total-title\">Payoff Date<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"total-value\">XX,XXX<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<span class=\"box-horizontal-separator\"><\/span>\n\t\t\t\t\t\t\t<div class=\"box-columns\">\n\t\t\t\t\t\t\t\t<div class=\"box-col\">\n\t\t\t\t\t\t\t\t\t<div class=\"chart-container-wrap chart-container-centered-wrap\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"chart-container payment-breakdown-chart\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"chart-legend-info\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"total-payment\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t$X,XXX\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"desc\">\n\t\t\t\t\t\t\t\t\t\t\t\t\tPer Month\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<canvas id=\"payment-breakdown-chart\"><\/canvas>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"box-col\">\n\t\t\t\t\t\t\t\t\t<div class=\"box-rows\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"box-row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-bullet bullet-yellow\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-title\">Interest<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-result monthly-interest\">$X,XXX.XX<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"box-row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-bullet bullet-red\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-title\">Principal<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"row-item row-result monthly-principal\">$X,XXX.XX<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t<\/div>\n\n\n\t<\/div>  <br \/>\n<span style=\"font-weight: 400;\">How well do you understand your mortgage loan? If you\u2019re like most people, you pay your mortgage loan monthly and give it no extra thought. But you\u2019re doing yourself a disservice. By gaining a deeper understanding of your loan, you can make smarter loan decisions and even save money.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s where an amortization calculator comes in. This visualization tool shows how each loan payment breaks down over time. It helps you understand your loan balance, home equity, and other essential information about your loan. It can also help you learn how making a few extra payments can reduce the total cost of your loan. <\/span><\/p>\n<style>.featuredImage{display:none;}<\/style>\n<h2><span style=\"font-weight: 400;\">What Is an Amortization Calculator?<\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image3-1.jpg\" alt=\"A person using a calculator on their desk with a pencil in hand.\" width=\"1999\" height=\"1333\" class=\"alignnone size-full wp-image-11929\" srcset=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image3-1.jpg 1999w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image3-1-300x200.jpg 300w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image3-1-1024x683.jpg 1024w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image3-1-768x512.jpg 768w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image3-1-1536x1024.jpg 1536w\" sizes=\"auto, (max-width: 1999px) 100vw, 1999px\" \/><br \/>\n<a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/what-is-mortgage-amortization\/\"><span style=\"font-weight: 400;\">Mortgage amortization<\/span><\/a><span style=\"font-weight: 400;\"> is the process through which borrowers pay their loan over time, using fixed payments on a regular schedule. Although each loan payment is the same amount, the way it\u2019s divided between interest and principal changes over time. Amortized loans make budgeting simple. Payments are consistent and reliable.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Non-amortized loans, also known as interest-only or balloon loans, are a type of <\/span><a href=\"https:\/\/griffinfunding.com\/non-qm-mortgages\/\"><span style=\"font-weight: 400;\">non-QM loan<\/span><\/a><span style=\"font-weight: 400;\">. These loans aren\u2019t paid in regular payments on a regular schedule. For the duration of the loan, borrowers are only responsible for paying the loan interest. Once the loan has reached maturity, the principal balance must be paid off in full, typically in a single payment.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How Does a Loan Amortization Calculator Work?\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">An amortization calculator helps borrowers visualize how their mortgage loan debt will reduce over time. This tool shows a payment-by-payment breakdown of each future loan repayment. It shows the portion of each loan payment that will go towards interest, as well as the portion that will go towards the principal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Borrowers will find that, at the beginning of the loan, a larger portion of each mortgage payment goes towards interest. Over time, that portion gets smaller, and the portion that goes towards the principal balance gets larger. Here\u2019s why that happens: your monthly loan interest is calculated using the following formula:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interest = ( APR \/ 12 ) x Principal balance\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, the first interest payment for a $100,000 loan with an APR of 6% will be calculated as follows:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interest = ( 0.06 \/ 12 ) x 100,000\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For this payment, your interest will be $500. If your total monthly loan payment is $1,000, your first loan payment will pay $500 of interest and $500 of your principal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As your principal balance gets smaller, the interest you pay on that principal gets smaller, too. By the time you\u2019ve paid off half your principal balance, your interest will be calculated as follows:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interest = ( 0.06 \/ 12 ) x 50,000\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At this point, your interest payment will be just $250. That means your $1,000 monthly loan payment will pay $250 in interest and $750 towards your principal balance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using a loan amortization schedule generator online, you won\u2019t need to manually calculate your monthly loan payments with interest. You can simply see a table of all future loan payments and how they\u2019ll change over time.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What Is an Amortization Schedule?\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">An amortization schedule is a table that maps out the lifetime of your loan. You\u2019ll see each loan payment, how it breaks down between interest and principal, as well as your remaining loan balance after it\u2019s paid. Rather than creating a loan amortization table in Excel, use our loan payment schedule generator. It will create a loan amortization schedule for you.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Benefits of Using an Amortization Schedule Calculator<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A loan amortization schedule <\/span><a href=\"https:\/\/griffinfunding.com\/mortgage-calculators\/\"><span style=\"font-weight: 400;\">mortgage calculator<\/span><\/a><span style=\"font-weight: 400;\"> helps you stay on top of your finances. Its benefits include:\u00a0<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Understand total interest cost: <\/b><span style=\"font-weight: 400;\">With an amortization schedule calculator, you can more clearly understand the cost of your total interest on your loan and how it changes over time. You\u2019ll learn that, at the beginning of your loan, you pay mostly interest each month. As time goes on, you\u2019ll pay more and more of your principal balance. An amortization schedule helps you visualize the true, total cost of your loan.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>See payoff timeline: <\/b><span style=\"font-weight: 400;\">You\u2019ll gain a deeper understanding of how far you are in paying off your principal balance and have a clear timeline for its repayment.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Plan refinancing: <\/b><span style=\"font-weight: 400;\">Thinking about refinancing your loan? An amortization schedule can help. In order to refinance, you\u2019ll need substantial equity in your home. Your schedule will show you the point at which you\u2019ll have enough equity to refinance. Look at your current amortization schedule and proposed amortization schedule after a refinance to see how refinancing will change your financial situation.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Evaluate extra payments: <\/b><span style=\"font-weight: 400;\">Making extra loan payments is an excellent way to shorten your loan terms and lower your total interest. An amortization schedule can help you visualize this.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Compare loan options: <\/b><span style=\"font-weight: 400;\">Before securing a loan, compare amortization schedules from different loan terms and pick the best option for your needs. For instance, you can see the difference in a 15-year and 30-year mortgage amortization at a 6.5% interest rate.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Budget more effectively: <\/b><span style=\"font-weight: 400;\">Having a consistent monthly payment enables you to budget more effectively. An amortization schedule calculator can help you visualize this.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">How Making Extra Payments Can Impact Your Loan\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Did you know that making extra payments can dramatically decrease the total cost of your loan? This is because your monthly interest payments are calculated based on your loan\u2019s principal balance. If your loan principal is smaller, your monthly interest payments are smaller. By simply including an extra principal payment whenever you\u2019re able, you\u2019ll pay less total interest over the lifetime of your loan. You\u2019ll pay your loan off more quickly, too.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Use our <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/mortgage-payoff-calculator\/\"><span style=\"font-weight: 400;\">mortgage payoff calculator<\/span><\/a><span style=\"font-weight: 400;\"> to see this in action. It includes an extra payment mortgage calculator so you can see how extra payments affect your loan. We also offer a <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/biweekly-mortgage-calculator\/\"><span style=\"font-weight: 400;\">bi-weekly mortgage calculator<\/span><\/a><span style=\"font-weight: 400;\"> to help you envision other ways to pay off your loan.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Instead of including an extra payment here and there, you can also make a lump-sum mortgage payment. Maybe you fell into some money from a substantial work bonus or an inheritance. You can put that money towards your loan in a one-time payment and have the same dramatic impact on your total interest.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Try Our Free Amortization Calculator\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11927\" src=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image4.jpg\" alt=\"A smiling woman looking at her laptop and using a calculator.\u00a0\" width=\"1999\" height=\"1334\" srcset=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image4.jpg 1999w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image4-300x200.jpg 300w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image4-1024x683.jpg 1024w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image4-768x513.jpg 768w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2026\/03\/image4-1536x1025.jpg 1536w\" sizes=\"auto, (max-width: 1999px) 100vw, 1999px\" \/>Gain a deeper understanding of your mortgage loan with our free amortization calculator. Get a clear view of how you\u2019ll pay off your loan over time and where each loan payment is going. You can improve your budgeting, plan refinancing, and learn how to reduce the total cost of your loan through early payments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For greater financial literacy, get the <\/span><a href=\"https:\/\/gold.griffinfunding.com\/pfm\/registration\/invite?key=1c204fd9-839b-4775-aed1-9844766b60a6\"><span style=\"font-weight: 400;\">Griffin Gold app<\/span><\/a><span style=\"font-weight: 400;\">. If you haven\u2019t yet purchased a home, check out the <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/\"><span style=\"font-weight: 400;\">home affordability calculator<\/span><\/a><span style=\"font-weight: 400;\">. Homeowners, on the other hand, can get access to equity and net worth tracking, property value insights, and refinancing tools.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How well do you understand your mortgage loan? If you\u2019re like most people, you pay your mortgage loan monthly and give it no extra thought. But you\u2019re doing yourself a disservice. By gaining a deeper understanding of your loan, you can make smarter loan decisions and even save money.\u00a0 That\u2019s where an amortization calculator comes<a class=\"moretag\" href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/amortization-calculator\/\">&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":11929,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[100],"tags":[],"class_list":["post-11926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Amortization Calculator | Griffin Funding<\/title>\n<meta name=\"description\" content=\"Use our free amortization calculator to 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