Amortization schedule and chart

Comparing Amortization Periods Studies in the U.S. have shown that the average person moves every seven years. If you have a long amortization period, with lower frequency payments, you pay a much larger portion of the interest up-front. If you move frequently, you may not be "getting ahead" and are spending most of your money paying interest. To see how big an effect your amortization period has on your mortgage, use this tool.

Input your home's cost and any downpayment you may have. Then select your estimated interest rate over the full amortization period and your payment frequency (monthy, weekly, etc). Finally, choose up to three different amortization periods.

This calculator will show you how much you will save in interest payments by selecting a shorter amortization period.


Mortgage Data

Anticipated Amount of House ($):

Amount of Down Payment ($):

Payment Period

Interest Rate (%)

Amortization Periods to Compare

First mortgage to compare:

Second mortgage to compare:

Third mortgage to compare:



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