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Table of Contents

  • The Amortization Schedule
  • References

The Amortization Schedule

A mortgage amortization schedule is a table that lists each regular payment on a mortgage over time. A portion of each payment is applied toward the principal balance and interest, and the mortgage loan amortization schedule details how much will go toward each component of your mortgage payment.

Below is the standard formula for the monthly mortgage payment:


M the total monthly mortgage payment

P the principal loan amount

r monthly interest rate

n Number of payments over the loan’s lifetime. For example, for a 30 year loan, this would generally mean 360 payments assuming payments will be made monthly.


“Amortization Schedule Calculator.”, Accessed 30 June 2022.

Mensah Alkebu-Lan

About The Author

With 15+ years of experience in designing, developing, and maintaining JVM-based applications, ensuring seamless delivery of various IT projects, and successfully creating and executing software applications. Mensah also possesses strong expertise in leveraging Agile/Scrum methodologies, producing detailed technical documentation, and designing optimal software solutions.