Mortgage amortization schedule
See exactly how each payment splits between interest and principal and how your balance falls, year by year. Download every payment as CSV.
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Reading your schedule
In the first year of a 25-year mortgage at 4.5%, about two-thirds of your payments go to interest. The split crosses 50/50 around year 10, and in the final years nearly everything goes to principal. The highlighted row marks the end of your term, where your rate resets at renewal.
Because Canadian fixed rates compound semi-annually, the interest on each monthly payment is slightly lower than a US-style calculator would show. Prepayments (open Prepayments in the form) are applied immediately, and the schedule shortens accordingly.
Frequently asked questions
What is an amortization schedule?
A table of every payment showing how much goes to interest and how much reduces your balance. Early payments are mostly interest; by the end they are mostly principal.
What is the difference between term and amortization?
Amortization is the total time to pay off the mortgage (typically 25 or 30 years). The term is how long your rate and conditions are locked (typically 5 years); at the end of it you renew.
Can I export the schedule?
Yes. Use “Download CSV” for every payment, which opens in Excel, Numbers or Google Sheets.