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Mortgage Acceleration Example
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How Mortgage Acceleration Works
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Mortgage Acceleration Example

Michael Jensen, Mortgage and Finance Guru
, Mortgage and Finance Guru

Accelerated Fixed Rate Mortgage Amortization Schedule

PrincipalInterestMortgage Balance
  • $370,864Year 1

    15,033

    9,136
  • $361,356Year 2

    14,661

    9,508
  • $351,460Year 3

    14,274

    9,896
  • $341,161Year 4

    13,870

    10,299
  • $330,443Year 5

    13,451

    10,718
  • $319,288Year 6

    13,014

    11,115
  • $307,678Year 7

    12,560

    11,610
  • $295,595Year 8

    12,087

    12,083
  • $283,020Year 9

    11,594

    12,575
  • $269,993Year 10

    11,082

    13,087
  • $256,313Year 11

    10,549

    13,620
  • $242,138Year 12

    9,994

    14,175
  • $227,385Year 13

    9,416

    14,753
  • $212,031Year 14

    8,815

    15,354
  • $196,051Year 15

    8,190

    15,980
  • $179,420Year 16

    7,539

    16,631
  • $162,112Year 17

    6,861

    17,308
  • $144,099Year 18

    6,156

    18,013
  • $125,352Year 19

    5,422

    18,747
  • $105,841Year 20

    4,658

    19,511
  • $85,535Year 21

    3,863

    20,306
  • $64,402Year 22

    3,036

    21,133
  • $42,408Year 23

    2,175

    21,994
  • $19,517Year 24

    1,279

    22,891
  • $0Year 25

    343

    19,517
  • Year 26
  • Year 27
  • Year 28
  • Year 29
  • Year 30
  • %
    Current Refinance Mortgage Rates as of May 20, 2019
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    %

    Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

    About the author

    Michael Jensen, Mortgage and Finance Guru

    Michael is the co-founder of FREEandCLEAR. Michael possesses extensive knowledge about mortgages and finance and has been writing about mortgages for nearly a decade. His work has been featured in leading national and industry publications. More about Michael

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