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: $998.25
Monthly Extra Payment: $300.00
Total Monthly Payment:
$1,298.25
Total # Of Payments: 89
Start Date: May, 2022
Payoff Date: Sep, 2029
Principal: $73,600.00
Total Extra Payment: $26,400.00
Total Interest Paid: $14,345.53
Total of all Payments:
$140,745.53

Mortgage Amortization Schedule

Payment Date Payment # Interest Principal Extra Payment Total Payment Balance
May, 2022 1 $308.33 $689.92 $300.00 $1,298.25 $99,010.08
Jun, 2022 2 $305.28 $692.97 $300.00 $1,298.25 $98,017.10
Jul, 2022 3 $302.22 $696.04 $300.00 $1,298.25 $97,021.07
Aug, 2022 4 $299.15 $699.11 $300.00 $1,298.25 $96,021.96
Sep, 2022 5 $296.07 $702.19 $300.00 $1,298.25 $95,019.78
Oct, 2022 6 $292.98 $705.28 $300.00 $1,298.25 $94,014.50
Nov, 2022 7 $289.88 $708.38 $300.00 $1,298.25 $93,006.12
Dec, 2022 8 $286.77 $711.49 $300.00 $1,298.25 $91,994.64
Jan, 2023 9 $283.65 $714.60 $300.00 $1,298.25 $90,980.03
Feb, 2023 10 $280.52 $717.73 $300.00 $1,298.25 $89,962.30
Mar, 2023 11 $277.38 $720.87 $300.00 $1,298.25 $88,941.43
Apr, 2023 12 $274.24 $724.02 $300.00 $1,298.25 $87,917.41
May, 2023 13 $271.08 $727.18 $300.00 $1,298.25 $86,890.23
Jun, 2023 14 $267.91 $730.34 $300.00 $1,298.25 $85,859.89
Jul, 2023 15 $264.73 $733.52 $300.00 $1,298.25 $84,826.37
Aug, 2023 16 $261.55 $736.71 $300.00 $1,298.25 $83,789.66
Sep, 2023 17 $258.35 $739.90 $300.00 $1,298.25 $82,749.76
Oct, 2023 18 $255.15 $743.11 $300.00 $1,298.25 $81,706.65
Nov, 2023 19 $251.93 $746.33 $300.00 $1,298.25 $80,660.32
Dec, 2023 20 $248.70 $749.55 $300.00 $1,298.25 $79,610.77
Jan, 2024 21 $245.47 $752.79 $300.00 $1,298.25 $78,557.98
Feb, 2024 22 $242.22 $756.03 $300.00 $1,298.25 $77,501.95
Mar, 2024 23 $238.96 $759.29 $300.00 $1,298.25 $76,442.66
Apr, 2024 24 $235.70 $762.56 $300.00 $1,298.25 $75,380.10
May, 2024 25 $232.42 $765.83 $300.00 $1,298.25 $74,314.27
Jun, 2024 26 $229.14 $769.12 $300.00 $1,298.25 $73,245.15
Jul, 2024 27 $225.84 $772.42 $300.00 $1,298.25 $72,172.73
Aug, 2024 28 $222.53 $775.72 $300.00 $1,298.25 $71,097.01
Sep, 2024 29 $219.22 $779.04 $300.00 $1,298.25 $70,017.97
Oct, 2024 30 $215.89 $782.37 $300.00 $1,298.25 $68,935.60
Nov, 2024 31 $212.55 $785.70 $300.00 $1,298.25 $67,849.90
Dec, 2024 32 $209.20 $789.05 $300.00 $1,298.25 $66,760.85
Jan, 2025 33 $205.85 $792.41 $300.00 $1,298.25 $65,668.44
Feb, 2025 34 $202.48 $795.78 $300.00 $1,298.25 $64,572.66
Mar, 2025 35 $199.10 $799.16 $300.00 $1,298.25 $63,473.51
Apr, 2025 36 $195.71 $802.54 $300.00 $1,298.25 $62,370.96
May, 2025 37 $192.31 $805.94 $300.00 $1,298.25 $61,265.02
Jun, 2025 38 $188.90 $809.35 $300.00 $1,298.25 $60,155.66
Jul, 2025 39 $185.48 $812.77 $300.00 $1,298.25 $59,042.89
Aug, 2025 40 $182.05 $816.21 $300.00 $1,298.25 $57,926.68
Sep, 2025 41 $178.61 $819.65 $300.00 $1,298.25 $56,807.04
Oct, 2025 42 $175.16 $823.10 $300.00 $1,298.25 $55,683.94
Nov, 2025 43 $171.69 $826.56 $300.00 $1,298.25 $54,557.37
Dec, 2025 44 $168.22 $830.04 $300.00 $1,298.25 $53,427.34
Jan, 2026 45 $164.73 $833.52 $300.00 $1,298.25 $52,293.82
Feb, 2026 46 $161.24 $837.02 $300.00 $1,298.25 $51,156.80
Mar, 2026 47 $157.73 $840.52 $300.00 $1,298.25 $50,016.28
Apr, 2026 48 $154.22 $844.04 $300.00 $1,298.25 $48,872.24
May, 2026 49 $150.69 $847.57 $300.00 $1,298.25 $47,724.68
Jun, 2026 50 $147.15 $851.10 $300.00 $1,298.25 $46,573.57
Jul, 2026 51 $143.60 $854.65 $300.00 $1,298.25 $45,418.92
Aug, 2026 52 $140.04 $858.21 $300.00 $1,298.25 $44,260.71
Sep, 2026 53 $136.47 $861.78 $300.00 $1,298.25 $43,098.92
Oct, 2026 54 $132.89 $865.37 $300.00 $1,298.25 $41,933.56
Nov, 2026 55 $129.30 $868.96 $300.00 $1,298.25 $40,764.60
Dec, 2026 56 $125.69 $872.56 $300.00 $1,298.25 $39,592.03
Jan, 2027 57 $122.08 $876.18 $300.00 $1,298.25 $38,415.85
Feb, 2027 58 $118.45 $879.81 $300.00 $1,298.25 $37,236.05
Mar, 2027 59 $114.81 $883.44 $300.00 $1,298.25 $36,052.60
Apr, 2027 60 $111.16 $887.09 $300.00 $1,298.25 $34,865.51
May, 2027 61 $107.50 $890.75 $300.00 $1,298.25 $33,674.76
Jun, 2027 62 $103.83 $894.42 $300.00 $1,298.25 $32,480.33
Jul, 2027 63 $100.15 $898.11 $300.00 $1,298.25 $31,282.23
Aug, 2027 64 $96.45 $901.80 $300.00 $1,298.25 $30,080.42
Sep, 2027 65 $92.75 $905.51 $300.00 $1,298.25 $28,874.92
Oct, 2027 66 $89.03 $909.22 $300.00 $1,298.25 $27,665.69
Nov, 2027 67 $85.30 $912.95 $300.00 $1,298.25 $26,452.74
Dec, 2027 68 $81.56 $916.69 $300.00 $1,298.25 $25,236.05
Jan, 2028 69 $77.81 $920.44 $300.00 $1,298.25 $24,015.61
Feb, 2028 70 $74.05 $924.21 $300.00 $1,298.25 $22,791.40
Mar, 2028 71 $70.27 $927.98 $300.00 $1,298.25 $21,563.42
Apr, 2028 72 $66.49 $931.77 $300.00 $1,298.25 $20,331.65
May, 2028 73 $62.69 $935.57 $300.00 $1,298.25 $19,096.08
Jun, 2028 74 $58.88 $939.38 $300.00 $1,298.25 $17,856.71
Jul, 2028 75 $55.06 $943.20 $300.00 $1,298.25 $16,613.51
Aug, 2028 76 $51.22 $947.03 $300.00 $1,298.25 $15,366.48
Sep, 2028 77 $47.38 $950.87 $300.00 $1,298.25 $14,115.61
Oct, 2028 78 $43.52 $954.73 $300.00 $1,298.25 $12,860.88
Nov, 2028 79 $39.65 $958.60 $300.00 $1,298.25 $11,602.28
Dec, 2028 80 $35.77 $962.48 $300.00 $1,298.25 $10,339.79
Jan, 2029 81 $31.88 $966.37 $300.00 $1,298.25 $9,073.42
Feb, 2029 82 $27.98 $970.28 $300.00 $1,298.25 $7,803.14
Mar, 2029 83 $24.06 $974.20 $300.00 $1,298.25 $6,528.95
Apr, 2029 84 $20.13 $978.12 $300.00 $1,298.25 $5,250.82
May, 2029 85 $16.19 $982.06 $300.00 $1,298.25 $3,968.76
Jun, 2029 86 $12.24 $986.02 $300.00 $1,298.25 $2,682.74
Jul, 2029 87 $8.27 $989.98 $300.00 $1,298.25 $1,392.76
Aug, 2029 88 $4.29 $993.96 $300.00 $1,298.25 $98.80
Sep, 2029 89 $0.30 $98.80 $0.00 $99.10 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $1,298.25 $799.13
Total Extra Payments $26,400.00 $41,324.63
Total Interest $14,345.53 $10,204.22
Total Tax, Insurance, PMI & Fees $0.00 $0.00
Total Payment $114,345.53 $110,204.22
Total Savings $0 $4,141.31
Payoff Date Sep, 2029 Aug, 2027

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