Monthly Mortgage Payment Calculator

Monthly payment by year

At the start of your repayment, a greater portion of your payments will go toward interest. But as you pay down (or amortize) your mortgage, a greater portion of your payments will go toward your principal.

Enter a year within your term limit and see what your monthly payment would look like at the end of that year.

You provide usCiti with the key parts of your loan — the loan amount you want to borrow (your principal), the interest rate and the number of years you have to pay (your term) — and we useCiti uses an amortization calculation to determine the monthly payments you'll need to make in order to pay off your loan.

Amortization is the process of paying a loan off over time. At first, a larger portion of your monthly payment goes toward paying interest, rather than principal. However, as you move toward the end of your loan, more of your payment will go toward your principal.