Equity Built Through Payments
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Principal paid down from original loan
Original Loan
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Remaining Balance
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Loan Paid Off
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⚙️ Loan Parameters Edit and click Recalculate to update the schedule
| # | Month | Starting Balance | Payment | Interest | Principal | Ending Balance | Cumul. Interest | Date Paid | Status |
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Loan Balance Over Time
Remaining principal balance by month — paid months shown in solid color
Principal vs. Interest Split
Monthly breakdown of each payment
Cumulative Interest Paid
Total interest accumulated over the life of the loan
Payoff Progress
Payments made vs. remaining
Total Cost Breakdown
Principal repaid vs. total interest over loan life
📄 IRS Form 1098 — Mortgage Interest Statement
⚠️ For informational purposes only. This summary is generated from your personal loan records and is not a substitute for the official Form 1098 issued by your lender. Your lender is required to send you an official 1098 by January 31 each year. Consult a tax professional before filing.