Monthly Payment on 25 Year Mortgage
Enter an amount and an interest rate (as a decimal) to calculate the monthly payments on a 25 year mortgage.
The amortization table shows annual summaries.
The Payment column is the sum of the 12 monthly payments.
The Interest column shows the amount of interest paid for an entire year.
The Principal column shows the amount of the payments, after interest, that reduce the balance.
The Balance column shows the balance outstanding at the end of each year.
The graph shows balance outstanding at the end of each year.