| Home | House | Car | Commercial | Student | Biweekly | Extra Payments | Payoff | Excel |
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.
Loan Calculator Results |
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| Mortgage Amount: | $100,000.00 | ||||||
| Monthly Principal & Interest: | $1,079.08 | ||||||
| Monthly Extra Payment: | $300.00 | ||||||
Total Monthly Payment: |
$1,379.08 |
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| 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 |
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Amortization Schedule With Extra Payment |
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| 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 |
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| 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 | |||||
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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