Extra Payment Calculator

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Extra Payment Calculator is a tool to calculate the monthly payments for any loan with additional payments. The extra payment loan calculator will show borrowers how much ealier they can payoff their loans and how much money they can save.

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: $50,000.00
Monthly Principal & Interest: $823.34
Monthly Extra Payment: $450.00
Total Monthly Payment:
$1,273.34
Total # Of Payments: 44
Start Date: Apr, 2024
Payoff Date: Nov, 2027
Principal: $30,650.00
Total Extra Payment: $19,350.00
Total Interest Paid: $5,552.90
Total of all Payments:
$55,552.90

Extra Payment Amortization Schedule

Payment Date Payment # Interest Principal Extra Payment Total Payment Balance
Apr, 2024 1 $240.63 $582.72 $450.00 $1,273.34 $48,967.28
May, 2024 2 $235.66 $587.69 $450.00 $1,273.34 $47,929.59
Jun, 2024 3 $230.66 $592.68 $450.00 $1,273.34 $46,886.91
Jul, 2024 4 $225.64 $597.70 $450.00 $1,273.34 $45,839.21
Aug, 2024 5 $220.60 $602.74 $450.00 $1,273.34 $44,786.46
Sep, 2024 6 $215.53 $607.81 $450.00 $1,273.34 $43,728.66
Oct, 2024 7 $210.44 $612.90 $450.00 $1,273.34 $42,665.76
Nov, 2024 8 $205.33 $618.02 $450.00 $1,273.34 $41,597.74
Dec, 2024 9 $200.19 $623.16 $450.00 $1,273.34 $40,524.58
Jan, 2025 10 $195.02 $628.32 $450.00 $1,273.34 $39,446.26
Feb, 2025 11 $189.84 $633.51 $450.00 $1,273.34 $38,362.76
Mar, 2025 12 $184.62 $638.72 $450.00 $1,273.34 $37,274.03
Apr, 2025 13 $179.38 $643.96 $450.00 $1,273.34 $36,180.07
May, 2025 14 $174.12 $649.23 $450.00 $1,273.34 $35,080.84
Jun, 2025 15 $168.83 $654.52 $450.00 $1,273.34 $33,976.32
Jul, 2025 16 $163.51 $659.83 $450.00 $1,273.34 $32,866.49
Aug, 2025 17 $158.17 $665.17 $450.00 $1,273.34 $31,751.32
Sep, 2025 18 $152.80 $670.54 $450.00 $1,273.34 $30,630.78
Oct, 2025 19 $147.41 $675.93 $450.00 $1,273.34 $29,504.84
Nov, 2025 20 $141.99 $681.35 $450.00 $1,273.34 $28,373.49
Dec, 2025 21 $136.55 $686.80 $450.00 $1,273.34 $27,236.69
Jan, 2026 22 $131.08 $692.27 $450.00 $1,273.34 $26,094.43
Feb, 2026 23 $125.58 $697.76 $450.00 $1,273.34 $24,946.66
Mar, 2026 24 $120.06 $703.29 $450.00 $1,273.34 $23,793.37
Apr, 2026 25 $114.51 $708.84 $450.00 $1,273.34 $22,634.53
May, 2026 26 $108.93 $714.42 $450.00 $1,273.34 $21,470.12
Jun, 2026 27 $103.32 $720.02 $450.00 $1,273.34 $20,300.10
Jul, 2026 28 $97.69 $725.65 $450.00 $1,273.34 $19,124.45
Aug, 2026 29 $92.04 $731.31 $450.00 $1,273.34 $17,943.14
Sep, 2026 30 $86.35 $736.99 $450.00 $1,273.34 $16,756.15
Oct, 2026 31 $80.64 $742.71 $450.00 $1,273.34 $15,563.44
Nov, 2026 32 $74.90 $748.45 $450.00 $1,273.34 $14,365.00
Dec, 2026 33 $69.13 $754.21 $450.00 $1,273.34 $13,160.78
Jan, 2027 34 $63.34 $760.01 $450.00 $1,273.34 $11,950.78
Feb, 2027 35 $57.51 $765.83 $450.00 $1,273.34 $10,734.95
Mar, 2027 36 $51.66 $771.68 $450.00 $1,273.34 $9,513.26
Apr, 2027 37 $45.78 $777.56 $450.00 $1,273.34 $8,285.70
May, 2027 38 $39.87 $783.47 $450.00 $1,273.34 $7,052.23
Jun, 2027 39 $33.94 $789.41 $450.00 $1,273.34 $5,812.83
Jul, 2027 40 $27.97 $795.37 $450.00 $1,273.34 $4,567.46
Aug, 2027 41 $21.98 $801.36 $450.00 $1,273.34 $3,316.09
Sep, 2027 42 $15.96 $807.39 $450.00 $1,273.34 $2,058.71
Oct, 2027 43 $9.91 $813.44 $450.00 $1,273.34 $795.27
Nov, 2027 44 $3.83 $795.27 $0.00 $799.10 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $1,273.34 $861.67
Total Extra Payments $19,350.00 $27,900.00
Total Interest $5,552.90 $3,588.45
Total Tax, Insurance, PMI & Fees $0.00 $0.00
Total Payment $155,552.90 $153,588.45
Total Savings $0 $1,964.45
Payoff Date Nov, 2027 Aug, 2026
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