# 25 Year Fixed Rate Mortgage Amortization Example

The 25 year fixed rate mortgage offers consistent monthly payments that are predictable due to the fixed interest rate. Homeowners may choose this loan when refinancing a 30 year fixed after 5 years in order to keep their loan payoff date the same.

In this example, we compare the amortization schedules for a \$275,000 25 year fixed mortgage at a 3.25% annual interest rate to a 30 year fixed mortgage at 3.5%. After reviewing this example, enter your desired mortgage amount and term into the mortgage amortization calculator to see how the principal and interest change over time and help you decide which mortgage best meets your needs.

Amortization Calculator
This 25 year fixed has a monthly payment that is approximately \$105 higher than the 30 year fixed. However, the 25 year fixed would save you approximately \$42,516 in total interest over the life of the loan. If you keep the mortgage for 7 years before refinancing or selling the home, you would save approximately \$6,097 in total interest with the 25 year fixed. As you can see, the length of time you plan to keep your mortgage can have a real impact on which type of mortgage will be most appropriate for you.

Note how little the principal balance changes in the early months of the mortgage and how much of it changes in the final years of the mortgage. This is why extra payments made early on can result in great savings.

MonthPrincipal
Interest
Payment
InterestPrincipalBalance
1\$1,340\$745\$595\$274,405
2\$1,340\$743\$597\$273,808
3\$1,340\$742\$599\$273,209
4\$1,340\$740\$600\$272,609
5\$1,340\$738\$602\$272,007
6\$1,340\$737\$603\$271,404
7\$1,340\$735\$605\$270,799
8\$1,340\$733\$607\$270,192
9\$1,340\$732\$608\$269,584
10\$1,340\$730\$610\$268,974
11\$1,340\$728\$612\$268,362
12\$1,340\$727\$613\$267,749
Year 1\$16,081\$8,830\$7,251
13\$1,340\$725\$615\$267,134
14\$1,340\$723\$617\$266,517
15\$1,340\$722\$618\$265,899
16\$1,340\$720\$620\$265,279
17\$1,340\$718\$622\$264,657
18\$1,340\$717\$623\$264,034
19\$1,340\$715\$625\$263,409
20\$1,340\$713\$627\$262,782
21\$1,340\$712\$628\$262,154
22\$1,340\$710\$630\$261,524
23\$1,340\$708\$632\$260,892
24\$1,340\$707\$634\$260,258
Year 2\$16,081\$8,591\$7,491
25\$1,340\$705\$635\$259,623
26\$1,340\$703\$637\$258,986
27\$1,340\$701\$639\$258,347
28\$1,340\$700\$640\$257,707
29\$1,340\$698\$642\$257,065
30\$1,340\$696\$644\$256,421
31\$1,340\$694\$646\$255,775
32\$1,340\$693\$647\$255,128
33\$1,340\$691\$649\$254,479
34\$1,340\$689\$651\$253,828
35\$1,340\$687\$653\$253,175
36\$1,340\$686\$654\$252,520
Year 3\$16,081\$8,344\$7,738
37\$1,340\$684\$656\$251,864
38\$1,340\$682\$658\$251,206
39\$1,340\$680\$660\$250,547
40\$1,340\$679\$662\$249,885
41\$1,340\$677\$663\$249,222
42\$1,340\$675\$665\$248,556
43\$1,340\$673\$667\$247,890
44\$1,340\$671\$669\$247,221
45\$1,340\$670\$671\$246,550
46\$1,340\$668\$672\$245,878
47\$1,340\$666\$674\$245,204
48\$1,340\$664\$676\$244,528
Year 4\$16,081\$8,089\$7,993
49\$1,340\$662\$678\$243,850
50\$1,340\$660\$680\$243,170
51\$1,340\$659\$682\$242,489
52\$1,340\$657\$683\$241,805
53\$1,340\$655\$685\$241,120
54\$1,340\$653\$687\$240,433
55\$1,340\$651\$689\$239,744
56\$1,340\$649\$691\$239,053
57\$1,340\$647\$693\$238,360
58\$1,340\$646\$695\$237,666
59\$1,340\$644\$696\$236,969
60\$1,340\$642\$698\$236,271
Year 5\$16,081\$7,825\$8,257
61\$1,340\$640\$700\$235,571
62\$1,340\$638\$702\$234,869
63\$1,340\$636\$704\$234,165
64\$1,340\$634\$706\$233,459
65\$1,340\$632\$708\$232,751
66\$1,340\$630\$710\$232,041
67\$1,340\$628\$712\$231,330
68\$1,340\$627\$714\$230,616
69\$1,340\$625\$716\$229,900
70\$1,340\$623\$717\$229,183
71\$1,340\$621\$719\$228,463
72\$1,340\$619\$721\$227,742
Year 6\$16,081\$7,552\$8,529
73\$1,340\$617\$723\$227,019
74\$1,340\$615\$725\$226,294
75\$1,340\$613\$727\$225,566
76\$1,340\$611\$729\$224,837
77\$1,340\$609\$731\$224,106
78\$1,340\$607\$733\$223,373
79\$1,340\$605\$735\$222,638
80\$1,340\$603\$737\$221,900
81\$1,340\$601\$739\$221,161
82\$1,340\$599\$741\$220,420
83\$1,340\$597\$743\$219,677
84\$1,340\$595\$745\$218,932
Year 7\$16,081\$7,271\$8,810
85\$1,340\$593\$747\$218,185
86\$1,340\$591\$749\$217,435
87\$1,340\$589\$751\$216,684
88\$1,340\$587\$753\$215,931
89\$1,340\$585\$755\$215,176
90\$1,340\$583\$757\$214,418
91\$1,340\$581\$759\$213,659
92\$1,340\$579\$761\$212,897
93\$1,340\$577\$764\$212,134
94\$1,340\$575\$766\$211,368
95\$1,340\$572\$768\$210,601
96\$1,340\$570\$770\$209,831
Year 8\$16,081\$6,981\$9,101
97\$1,340\$568\$772\$209,059
98\$1,340\$566\$774\$208,285
99\$1,340\$564\$776\$207,509
100\$1,340\$562\$778\$206,731
101\$1,340\$560\$780\$205,951
102\$1,340\$558\$782\$205,168
103\$1,340\$556\$784\$204,384
104\$1,340\$554\$787\$203,597
105\$1,340\$551\$789\$202,809
106\$1,340\$549\$791\$202,018
107\$1,340\$547\$793\$201,225
108\$1,340\$545\$795\$200,430
Year 9\$16,081\$6,680\$9,401
109\$1,340\$543\$797\$199,632
110\$1,340\$541\$799\$198,833
111\$1,340\$539\$802\$198,031
112\$1,340\$536\$804\$197,228
113\$1,340\$534\$806\$196,422
114\$1,340\$532\$808\$195,614
115\$1,340\$530\$810\$194,803
116\$1,340\$528\$813\$193,991
117\$1,340\$525\$815\$193,176
118\$1,340\$523\$817\$192,359
119\$1,340\$521\$819\$191,540
120\$1,340\$519\$821\$190,718
Year 10\$16,081\$6,370\$9,711
121\$1,340\$517\$824\$189,895
122\$1,340\$514\$826\$189,069
123\$1,340\$512\$828\$188,241
124\$1,340\$510\$830\$187,411
125\$1,340\$508\$833\$186,578
126\$1,340\$505\$835\$185,743
127\$1,340\$503\$837\$184,906
128\$1,340\$501\$839\$184,067
129\$1,340\$499\$842\$183,225
130\$1,340\$496\$844\$182,381
131\$1,340\$494\$846\$181,535
132\$1,340\$492\$848\$180,687
Year 11\$16,081\$6,050\$10,032
133\$1,340\$489\$851\$179,836
134\$1,340\$487\$853\$178,983
135\$1,340\$485\$855\$178,128
136\$1,340\$482\$858\$177,270
137\$1,340\$480\$860\$176,410
138\$1,340\$478\$862\$175,548
139\$1,340\$475\$865\$174,683
140\$1,340\$473\$867\$173,816
141\$1,340\$471\$869\$172,947
142\$1,340\$468\$872\$172,075
143\$1,340\$466\$874\$171,201
144\$1,340\$464\$876\$170,324
Year 12\$16,081\$5,719\$10,363
145\$1,340\$461\$879\$169,445
146\$1,340\$459\$881\$168,564
147\$1,340\$457\$884\$167,681
148\$1,340\$454\$886\$166,795
149\$1,340\$452\$888\$165,906
150\$1,340\$449\$891\$165,016
151\$1,340\$447\$893\$164,122
152\$1,340\$444\$896\$163,227
153\$1,340\$442\$898\$162,329
154\$1,340\$440\$900\$161,428
155\$1,340\$437\$903\$160,525
156\$1,340\$435\$905\$159,620
Year 13\$16,081\$5,377\$10,704
157\$1,340\$432\$908\$158,712
158\$1,340\$430\$910\$157,802
159\$1,340\$427\$913\$156,889
160\$1,340\$425\$915\$155,974
161\$1,340\$422\$918\$155,056
162\$1,340\$420\$920\$154,136
163\$1,340\$417\$923\$153,213
164\$1,340\$415\$925\$152,288
165\$1,340\$412\$928\$151,360
166\$1,340\$410\$930\$150,430
167\$1,340\$407\$933\$149,498
168\$1,340\$405\$935\$148,562
Year 14\$16,081\$5,024\$11,058
169\$1,340\$402\$938\$147,625
170\$1,340\$400\$940\$146,684
171\$1,340\$397\$943\$145,741
172\$1,340\$395\$945\$144,796
173\$1,340\$392\$948\$143,848
174\$1,340\$390\$951\$142,898
175\$1,340\$387\$953\$141,944
176\$1,340\$384\$956\$140,989
177\$1,340\$382\$958\$140,030
178\$1,340\$379\$961\$139,070
179\$1,340\$377\$963\$138,106
180\$1,340\$374\$966\$137,140
Year 15\$16,081\$4,659\$11,422
181\$1,340\$371\$969\$136,171
182\$1,340\$369\$971\$135,200
183\$1,340\$366\$974\$134,226
184\$1,340\$364\$977\$133,249
185\$1,340\$361\$979\$132,270
186\$1,340\$358\$982\$131,288
187\$1,340\$356\$985\$130,304
188\$1,340\$353\$987\$129,317
189\$1,340\$350\$990\$128,327
190\$1,340\$348\$993\$127,334
191\$1,340\$345\$995\$126,339
192\$1,340\$342\$998\$125,341
Year 16\$16,081\$4,282\$11,799
193\$1,340\$339\$1,001\$124,340
194\$1,340\$337\$1,003\$123,337
195\$1,340\$334\$1,006\$122,331
196\$1,340\$331\$1,009\$121,322
197\$1,340\$329\$1,012\$120,310
198\$1,340\$326\$1,014\$119,296
199\$1,340\$323\$1,017\$118,279
200\$1,340\$320\$1,020\$117,259
201\$1,340\$318\$1,023\$116,237
202\$1,340\$315\$1,025\$115,212
203\$1,340\$312\$1,028\$114,183
204\$1,340\$309\$1,031\$113,153
Year 17\$16,081\$3,893\$12,188
205\$1,340\$306\$1,034\$112,119
206\$1,340\$304\$1,036\$111,082
207\$1,340\$301\$1,039\$110,043
208\$1,340\$298\$1,042\$109,001
209\$1,340\$295\$1,045\$107,956
210\$1,340\$292\$1,048\$106,908
211\$1,340\$290\$1,051\$105,858
212\$1,340\$287\$1,053\$104,804
213\$1,340\$284\$1,056\$103,748
214\$1,340\$281\$1,059\$102,689
215\$1,340\$278\$1,062\$101,627
216\$1,340\$275\$1,065\$100,562
Year 18\$16,081\$3,491\$12,590
217\$1,340\$272\$1,068\$99,494
218\$1,340\$269\$1,071\$98,424
219\$1,340\$267\$1,074\$97,350
220\$1,340\$264\$1,076\$96,274
221\$1,340\$261\$1,079\$95,194
222\$1,340\$258\$1,082\$94,112
223\$1,340\$255\$1,085\$93,027
224\$1,340\$252\$1,088\$91,939
225\$1,340\$249\$1,091\$90,847
226\$1,340\$246\$1,094\$89,753
227\$1,340\$243\$1,097\$88,656
228\$1,340\$240\$1,100\$87,556
Year 19\$16,081\$3,076\$13,006
229\$1,340\$237\$1,103\$86,453
230\$1,340\$234\$1,106\$85,347
231\$1,340\$231\$1,109\$84,238
232\$1,340\$228\$1,112\$83,126
233\$1,340\$225\$1,115\$82,011
234\$1,340\$222\$1,118\$80,893
235\$1,340\$219\$1,121\$79,772
236\$1,340\$216\$1,124\$78,648
237\$1,340\$213\$1,127\$77,521
238\$1,340\$210\$1,130\$76,391
239\$1,340\$207\$1,133\$75,258
240\$1,340\$204\$1,136\$74,122
Year 20\$16,081\$2,647\$13,435
241\$1,340\$201\$1,139\$72,982
242\$1,340\$198\$1,142\$71,840
243\$1,340\$195\$1,146\$70,694
244\$1,340\$191\$1,149\$69,546
245\$1,340\$188\$1,152\$68,394
246\$1,340\$185\$1,155\$67,239
247\$1,340\$182\$1,158\$66,081
248\$1,340\$179\$1,161\$64,920
249\$1,340\$176\$1,164\$63,755
250\$1,340\$173\$1,167\$62,588
251\$1,340\$170\$1,171\$61,417
252\$1,340\$166\$1,174\$60,244
Year 21\$16,081\$2,203\$13,878
253\$1,340\$163\$1,177\$59,067
254\$1,340\$160\$1,180\$57,886
255\$1,340\$157\$1,183\$56,703
256\$1,340\$154\$1,187\$55,517
257\$1,340\$150\$1,190\$54,327
258\$1,340\$147\$1,193\$53,134
259\$1,340\$144\$1,196\$51,938
260\$1,340\$141\$1,199\$50,738
261\$1,340\$137\$1,203\$49,535
262\$1,340\$134\$1,206\$48,329
263\$1,340\$131\$1,209\$47,120
264\$1,340\$128\$1,212\$45,908
Year 22\$16,081\$1,746\$14,336
265\$1,340\$124\$1,216\$44,692
266\$1,340\$121\$1,219\$43,473
267\$1,340\$118\$1,222\$42,250
268\$1,340\$114\$1,226\$41,025
269\$1,340\$111\$1,229\$39,796
270\$1,340\$108\$1,232\$38,563
271\$1,340\$104\$1,236\$37,328
272\$1,340\$101\$1,239\$36,089
273\$1,340\$98\$1,242\$34,846
274\$1,340\$94\$1,246\$33,601
275\$1,340\$91\$1,249\$32,352
276\$1,340\$88\$1,252\$31,099
Year 23\$16,081\$1,273\$14,809
277\$1,340\$84\$1,256\$29,843
278\$1,340\$81\$1,259\$28,584
279\$1,340\$77\$1,263\$27,321
280\$1,340\$74\$1,266\$26,055
281\$1,340\$71\$1,270\$24,785
282\$1,340\$67\$1,273\$23,512
283\$1,340\$64\$1,276\$22,236
284\$1,340\$60\$1,280\$20,956
285\$1,340\$57\$1,283\$19,673
286\$1,340\$53\$1,287\$18,386
287\$1,340\$50\$1,290\$17,096
288\$1,340\$46\$1,294\$15,802
Year 24\$16,081\$784\$15,297
289\$1,340\$43\$1,297\$14,504
290\$1,340\$39\$1,301\$13,204
291\$1,340\$36\$1,304\$11,899
292\$1,340\$32\$1,308\$10,591
293\$1,340\$29\$1,311\$9,280
294\$1,340\$25\$1,315\$7,965
295\$1,340\$22\$1,319\$6,646
296\$1,340\$18\$1,322\$5,324
297\$1,340\$14\$1,326\$3,999
298\$1,340\$11\$1,329\$2,669
299\$1,340\$7\$1,333\$1,336
300\$1,340\$4\$1,336\$0
Year 25\$16,081\$280\$15,802
Grand
Total
\$402,036\$127,036\$275,000

## Mortgage Calculator - Help

Amortization Schedule
The amortization schedule show you how monthly principal and interest payment and principal balances change over the life of your loan.
Interest
The portion of your mortgage payment that is due to the interest rate being applied to the principal balance. The Total Interest for a mortgage is the sum of all interest paid over the life of a loan.
Interest Rate
The percentage of the principal balance of your mortgage that determines how much interest you must pay. The interest rate on your mortgage may change or remain the same depending on the type of loan you have.
Loan Amount
The initial principal balance or your mortgage at closing.
Principal
The portion of your mortgage payment that is used to pay down the current balance of your mortgage. The principal balance represents how much you owe on the mortgage.
Term
The amortization term is one of the key factors that determine your required mortgage payment. Your required mortgage payment for fully amortizing mortgages is the amount that would result in the mortgage being closest to being paid off by the end of the amortization term. Longer amortization terms result in lower required mortgage payments for fully amortizating mortgages, all other things being equal.