Extra Payment Calculator



Extra Payment Calculator to help borrowers pay off their loan faster and earlier with extra payments. Extra payment loan calculator is useful to see how much interest payments a borrower can save, and how much earlier they can pay off their loans.

Extra Payment Loan Calculator

Loan Amount
$
Loan Terms
Interest Rate
Payment Frequency
First Payment Date

Amortization Schedule
Extra Payments
One Time
$ On Date
Monthly or Biweekly
$ Starting Date
Quarterly
$ Starting Date
Yearly
$ Starting Date


Extra Payment Loan Information

Mortgage Amount: $150,000.00
Monthly Principal & Interest: $1,947.56
Monthly Extra Payment: $300.00
Total Monthly Payment:
$2,247.56
Total # Of Payments: 81
Start Date: Mar, 2023
Payoff Date: Nov, 2029
Principal: $126,000.00
Total Extra Payment: $24,000.00
Total Interest Paid: $30,663.71
Total of all Payments:
$180,663.71

Extra Payment Amortization Schedule

Payment Date Payment # Interest Principal Extra Payment Total Payment Balance
Mar, 2023 1 $709.38 $1,238.19 $300.00 $2,247.56 $148,461.81
Apr, 2023 2 $702.10 $1,245.46 $300.00 $2,247.56 $146,916.35
May, 2023 3 $694.79 $1,252.77 $300.00 $2,247.56 $145,363.58
Jun, 2023 4 $687.45 $1,260.11 $300.00 $2,247.56 $143,803.46
Jul, 2023 5 $680.07 $1,267.49 $300.00 $2,247.56 $142,235.97
Aug, 2023 6 $672.66 $1,274.91 $300.00 $2,247.56 $140,661.07
Sep, 2023 7 $665.21 $1,282.35 $300.00 $2,247.56 $139,078.71
Oct, 2023 8 $657.73 $1,289.84 $300.00 $2,247.56 $137,488.88
Nov, 2023 9 $650.21 $1,297.36 $300.00 $2,247.56 $135,891.52
Dec, 2023 10 $642.65 $1,304.91 $300.00 $2,247.56 $134,286.61
Jan, 2024 11 $635.06 $1,312.50 $300.00 $2,247.56 $132,674.11
Feb, 2024 12 $627.44 $1,320.12 $300.00 $2,247.56 $131,053.99
Mar, 2024 13 $619.78 $1,327.79 $300.00 $2,247.56 $129,426.20
Apr, 2024 14 $612.08 $1,335.48 $300.00 $2,247.56 $127,790.72
May, 2024 15 $604.34 $1,343.22 $300.00 $2,247.56 $126,147.50
Jun, 2024 16 $596.57 $1,350.99 $300.00 $2,247.56 $124,496.51
Jul, 2024 17 $588.76 $1,358.80 $300.00 $2,247.56 $122,837.71
Aug, 2024 18 $580.92 $1,366.64 $300.00 $2,247.56 $121,171.07
Sep, 2024 19 $573.04 $1,374.52 $300.00 $2,247.56 $119,496.54
Oct, 2024 20 $565.12 $1,382.44 $300.00 $2,247.56 $117,814.10
Nov, 2024 21 $557.16 $1,390.40 $300.00 $2,247.56 $116,123.70
Dec, 2024 22 $549.17 $1,398.39 $300.00 $2,247.56 $114,425.30
Jan, 2025 23 $541.14 $1,406.43 $300.00 $2,247.56 $112,718.88
Feb, 2025 24 $533.07 $1,414.50 $300.00 $2,247.56 $111,004.38
Mar, 2025 25 $524.96 $1,422.60 $300.00 $2,247.56 $109,281.77
Apr, 2025 26 $516.81 $1,430.75 $300.00 $2,247.56 $107,551.02
May, 2025 27 $508.63 $1,438.94 $300.00 $2,247.56 $105,812.09
Jun, 2025 28 $500.40 $1,447.16 $300.00 $2,247.56 $104,064.93
Jul, 2025 29 $492.14 $1,455.42 $300.00 $2,247.56 $102,309.50
Aug, 2025 30 $483.84 $1,463.72 $300.00 $2,247.56 $100,545.78
Sep, 2025 31 $475.50 $1,472.07 $300.00 $2,247.56 $98,773.72
Oct, 2025 32 $467.12 $1,480.45 $300.00 $2,247.56 $96,993.27
Nov, 2025 33 $458.70 $1,488.87 $300.00 $2,247.56 $95,204.40
Dec, 2025 34 $450.24 $1,497.33 $300.00 $2,247.56 $93,407.08
Jan, 2026 35 $441.74 $1,505.83 $300.00 $2,247.56 $91,601.25
Feb, 2026 36 $433.20 $1,514.37 $300.00 $2,247.56 $89,786.89
Mar, 2026 37 $424.62 $1,522.95 $300.00 $2,247.56 $87,963.94
Apr, 2026 38 $416.00 $1,531.57 $300.00 $2,247.56 $86,132.38
May, 2026 39 $407.33 $1,540.23 $300.00 $2,247.56 $84,292.15
Jun, 2026 40 $398.63 $1,548.93 $300.00 $2,247.56 $82,443.22
Jul, 2026 41 $389.89 $1,557.68 $300.00 $2,247.56 $80,585.54
Aug, 2026 42 $381.10 $1,566.46 $300.00 $2,247.56 $78,719.08
Sep, 2026 43 $372.28 $1,575.29 $300.00 $2,247.56 $76,843.79
Oct, 2026 44 $363.41 $1,584.16 $300.00 $2,247.56 $74,959.64
Nov, 2026 45 $354.50 $1,593.07 $300.00 $2,247.56 $73,066.57
Dec, 2026 46 $345.54 $1,602.02 $300.00 $2,247.56 $71,164.55
Jan, 2027 47 $336.55 $1,611.01 $300.00 $2,247.56 $69,253.54
Feb, 2027 48 $327.51 $1,620.05 $300.00 $2,247.56 $67,333.49
Mar, 2027 49 $318.43 $1,629.13 $300.00 $2,247.56 $65,404.36
Apr, 2027 50 $309.31 $1,638.25 $300.00 $2,247.56 $63,466.10
May, 2027 51 $300.14 $1,647.42 $300.00 $2,247.56 $61,518.68
Jun, 2027 52 $290.93 $1,656.63 $300.00 $2,247.56 $59,562.05
Jul, 2027 53 $281.68 $1,665.88 $300.00 $2,247.56 $57,596.16
Aug, 2027 54 $272.38 $1,675.18 $300.00 $2,247.56 $55,620.98
Sep, 2027 55 $263.04 $1,684.52 $300.00 $2,247.56 $53,636.46
Oct, 2027 56 $253.66 $1,693.91 $300.00 $2,247.56 $51,642.55
Nov, 2027 57 $244.23 $1,703.34 $300.00 $2,247.56 $49,639.22
Dec, 2027 58 $234.75 $1,712.81 $300.00 $2,247.56 $47,626.41
Jan, 2028 59 $225.23 $1,722.33 $300.00 $2,247.56 $45,604.08
Feb, 2028 60 $215.67 $1,731.89 $300.00 $2,247.56 $43,572.18
Mar, 2028 61 $206.06 $1,741.50 $300.00 $2,247.56 $41,530.68
Apr, 2028 62 $196.41 $1,751.16 $300.00 $2,247.56 $39,479.52
May, 2028 63 $186.71 $1,760.86 $300.00 $2,247.56 $37,418.67
Jun, 2028 64 $176.96 $1,770.60 $300.00 $2,247.56 $35,348.06
Jul, 2028 65 $167.17 $1,780.40 $300.00 $2,247.56 $33,267.67
Aug, 2028 66 $157.33 $1,790.23 $300.00 $2,247.56 $31,177.43
Sep, 2028 67 $147.44 $1,800.12 $300.00 $2,247.56 $29,077.31
Oct, 2028 68 $137.51 $1,810.05 $300.00 $2,247.56 $26,967.26
Nov, 2028 69 $127.53 $1,820.03 $300.00 $2,247.56 $24,847.23
Dec, 2028 70 $117.51 $1,830.06 $300.00 $2,247.56 $22,717.17
Jan, 2029 71 $107.43 $1,840.13 $300.00 $2,247.56 $20,577.04
Feb, 2029 72 $97.31 $1,850.25 $300.00 $2,247.56 $18,426.79
Mar, 2029 73 $87.14 $1,860.42 $300.00 $2,247.56 $16,266.37
Apr, 2029 74 $76.93 $1,870.64 $300.00 $2,247.56 $14,095.74
May, 2029 75 $66.66 $1,880.90 $300.00 $2,247.56 $11,914.84
Jun, 2029 76 $56.35 $1,891.22 $300.00 $2,247.56 $9,723.62
Jul, 2029 77 $45.98 $1,901.58 $300.00 $2,247.56 $7,522.04
Aug, 2029 78 $35.57 $1,911.99 $300.00 $2,247.56 $5,310.05
Sep, 2029 79 $25.11 $1,922.45 $300.00 $2,247.56 $3,087.60
Oct, 2029 80 $14.60 $1,932.96 $300.00 $2,247.56 $854.64
Nov, 2029 81 $4.04 $854.64 $0.00 $858.68 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $2,247.56 $1,273.78
Total Extra Payments $24,000.00 $40,800.00
Total Interest $30,663.71 $23,573.96
Total Tax, Insurance, PMI & Fees $0.00 $0.00
Total Payment $180,663.71 $173,573.96
Total Savings $0 $7,089.76
Payoff Date Nov, 2029 Jun, 2028


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