Loan Calculator With Extra Payment




Loan calculator with extra payments is used to how early you can payoff your loan with additional payments each period. You have the option to use an one time extra payment, or recurring extra payments.

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


Loan Calculator Results

Mortgage Amount: $100,000.00
Monthly Principal & Interest: $1,079.08
Monthly Extra Payment: $300.00
Total Monthly Payment:
$1,379.08
Total # Of Payments: 88
Start Date: Aug, 2022
Payoff Date: Nov, 2029
Principal: $73,769.12
Total Extra Payment: $26,230.88
Total Interest Paid: $21,189.87
Total of all Payments:
$121,189.87

Amortization Schedule With Extra Payment

Payment Date Payment # Interest Principal Extra Payment Total Payment Balance
Aug, 2022 1 $447.92 $631.16 $300.00 $1,379.08 $99,068.84
Sep, 2022 2 $443.75 $635.33 $300.00 $1,379.08 $98,133.50
Oct, 2022 3 $439.56 $639.52 $300.00 $1,379.08 $97,193.98
Nov, 2022 4 $435.35 $643.73 $300.00 $1,379.08 $96,250.25
Dec, 2022 5 $431.12 $647.96 $300.00 $1,379.08 $95,302.29
Jan, 2023 6 $426.87 $652.20 $300.00 $1,379.08 $94,350.09
Feb, 2023 7 $422.61 $656.47 $300.00 $1,379.08 $93,393.62
Mar, 2023 8 $418.33 $660.75 $300.00 $1,379.08 $92,432.86
Apr, 2023 9 $414.02 $665.06 $300.00 $1,379.08 $91,467.81
May, 2023 10 $409.70 $669.38 $300.00 $1,379.08 $90,498.43
Jun, 2023 11 $405.36 $673.72 $300.00 $1,379.08 $89,524.70
Jul, 2023 12 $401.00 $678.08 $300.00 $1,379.08 $88,546.62
Aug, 2023 13 $396.62 $682.46 $300.00 $1,379.08 $87,564.16
Sep, 2023 14 $392.21 $686.86 $300.00 $1,379.08 $86,577.29
Oct, 2023 15 $387.79 $691.29 $300.00 $1,379.08 $85,586.01
Nov, 2023 16 $383.35 $695.73 $300.00 $1,379.08 $84,590.28
Dec, 2023 17 $378.89 $700.19 $300.00 $1,379.08 $83,590.09
Jan, 2024 18 $374.41 $704.67 $300.00 $1,379.08 $82,585.43
Feb, 2024 19 $369.91 $709.17 $300.00 $1,379.08 $81,576.26
Mar, 2024 20 $365.39 $713.69 $300.00 $1,379.08 $80,562.58
Apr, 2024 21 $360.85 $718.23 $300.00 $1,379.08 $79,544.35
May, 2024 22 $356.29 $722.79 $300.00 $1,379.08 $78,521.56
Jun, 2024 23 $351.71 $727.37 $300.00 $1,379.08 $77,494.20
Jul, 2024 24 $347.11 $731.97 $300.00 $1,379.08 $76,462.23
Aug, 2024 25 $342.49 $736.59 $300.00 $1,379.08 $75,425.63
Sep, 2024 26 $337.84 $741.24 $300.00 $1,379.08 $74,384.40
Oct, 2024 27 $333.18 $745.90 $300.00 $1,379.08 $73,338.50
Nov, 2024 28 $328.50 $750.58 $300.00 $1,379.08 $72,287.92
Dec, 2024 29 $323.79 $755.29 $300.00 $1,379.08 $71,232.63
Jan, 2025 30 $319.06 $760.02 $300.00 $1,379.08 $70,172.61
Feb, 2025 31 $314.31 $764.76 $300.00 $1,379.08 $69,107.84
Mar, 2025 32 $309.55 $769.53 $300.00 $1,379.08 $68,038.31
Apr, 2025 33 $304.75 $774.32 $300.00 $1,379.08 $66,963.99
May, 2025 34 $299.94 $779.14 $300.00 $1,379.08 $65,884.85
Jun, 2025 35 $295.11 $783.97 $300.00 $1,379.08 $64,800.88
Jul, 2025 36 $290.25 $788.83 $300.00 $1,379.08 $63,712.05
Aug, 2025 37 $285.38 $793.70 $300.00 $1,379.08 $62,618.35
Sep, 2025 38 $280.48 $798.60 $300.00 $1,379.08 $61,519.75
Oct, 2025 39 $275.56 $803.52 $300.00 $1,379.08 $60,416.23
Nov, 2025 40 $270.61 $808.47 $300.00 $1,379.08 $59,307.76
Dec, 2025 41 $265.65 $813.43 $300.00 $1,379.08 $58,194.33
Jan, 2026 42 $260.66 $818.42 $300.00 $1,379.08 $57,075.92
Feb, 2026 43 $255.65 $823.43 $300.00 $1,379.08 $55,952.49
Mar, 2026 44 $250.62 $828.46 $300.00 $1,379.08 $54,824.03
Apr, 2026 45 $245.57 $833.51 $300.00 $1,379.08 $53,690.52
May, 2026 46 $240.49 $838.59 $300.00 $1,379.08 $52,551.93
Jun, 2026 47 $235.39 $843.69 $300.00 $1,379.08 $51,408.23
Jul, 2026 48 $230.27 $848.81 $300.00 $1,379.08 $50,259.42
Aug, 2026 49 $225.12 $853.96 $300.00 $1,379.08 $49,105.46
Sep, 2026 50 $219.95 $859.13 $300.00 $1,379.08 $47,946.33
Oct, 2026 51 $214.76 $864.32 $300.00 $1,379.08 $46,782.01
Nov, 2026 52 $209.54 $869.53 $300.00 $1,379.08 $45,612.48
Dec, 2026 53 $204.31 $874.77 $300.00 $1,379.08 $44,437.71
Jan, 2027 54 $199.04 $880.04 $300.00 $1,379.08 $43,257.67
Feb, 2027 55 $193.76 $885.32 $300.00 $1,379.08 $42,072.35
Mar, 2027 56 $188.45 $890.63 $300.00 $1,379.08 $40,881.72
Apr, 2027 57 $183.12 $895.96 $300.00 $1,379.08 $39,685.76
May, 2027 58 $177.76 $901.32 $300.00 $1,379.08 $38,484.44
Jun, 2027 59 $172.38 $906.70 $300.00 $1,379.08 $37,277.73
Jul, 2027 60 $166.97 $912.11 $300.00 $1,379.08 $36,065.63
Aug, 2027 61 $161.54 $917.54 $300.00 $1,379.08 $34,848.09
Sep, 2027 62 $156.09 $922.99 $300.00 $1,379.08 $33,625.10
Oct, 2027 63 $150.61 $928.47 $300.00 $1,379.08 $32,396.64
Nov, 2027 64 $145.11 $933.97 $300.00 $1,379.08 $31,162.67
Dec, 2027 65 $139.58 $939.50 $300.00 $1,379.08 $29,923.17
Jan, 2028 66 $134.03 $945.05 $300.00 $1,379.08 $28,678.12
Feb, 2028 67 $128.45 $950.63 $300.00 $1,379.08 $27,427.50
Mar, 2028 68 $122.85 $956.23 $300.00 $1,379.08 $26,171.27
Apr, 2028 69 $117.23 $961.85 $300.00 $1,379.08 $24,909.42
May, 2028 70 $111.57 $967.51 $300.00 $1,379.08 $23,641.91
Jun, 2028 71 $105.90 $973.18 $300.00 $1,379.08 $22,368.73
Jul, 2028 72 $100.19 $978.89 $300.00 $1,379.08 $21,089.84
Aug, 2028 73 $94.46 $984.61 $300.00 $1,379.08 $19,805.23
Sep, 2028 74 $88.71 $990.37 $300.00 $1,379.08 $18,514.86
Oct, 2028 75 $82.93 $996.15 $300.00 $1,379.08 $17,218.71
Nov, 2028 76 $77.13 $1,001.95 $300.00 $1,379.08 $15,916.75
Dec, 2028 77 $71.29 $1,007.79 $300.00 $1,379.08 $14,608.97
Jan, 2029 78 $65.44 $1,013.64 $300.00 $1,379.08 $13,295.33
Feb, 2029 79 $59.55 $1,019.53 $300.00 $1,379.08 $11,975.80
Mar, 2029 80 $53.64 $1,025.44 $300.00 $1,379.08 $10,650.36
Apr, 2029 81 $47.70 $1,031.37 $300.00 $1,379.08 $9,318.99
May, 2029 82 $41.74 $1,037.34 $300.00 $1,379.08 $7,981.65
Jun, 2029 83 $35.75 $1,043.33 $300.00 $1,379.08 $6,638.32
Jul, 2029 84 $29.73 $1,049.35 $300.00 $1,379.08 $5,288.97
Aug, 2029 85 $23.69 $1,055.39 $300.00 $1,379.08 $3,933.58
Sep, 2029 86 $17.62 $1,061.46 $300.00 $1,379.08 $2,572.12
Oct, 2029 87 $11.52 $1,067.56 $300.00 $1,379.08 $1,204.57
Nov, 2029 88 $5.40 $1,073.68 $130.88 $1,209.96 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $1,379.08 $839.54
Total Extra Payments $26,230.88 $41,001.07
Total Interest $21,189.87 $14,918.01
Total Tax, Insurance, PMI & Fees $0.00 $0.00
Total Payment $121,189.87 $114,918.01
Total Savings $0 $6,271.86
Payoff Date Nov, 2029 Nov, 2027

Loan Amortization Calculator With Extra Payments

The loan amortization calculator with extra payments gives borrowers 5 options to calculate how much they can save with extra payments, the biweekly payment option, one time lump sum payment, extra payments every month, quarter, or year.



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