Extra Payment Calculator

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: Jan, 2025
Payoff Date: Aug, 2028
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
Jan, 2025 1 $240.63 $582.72 $450.00 $1,273.34 $48,967.28
Feb, 2025 2 $235.66 $587.69 $450.00 $1,273.34 $47,929.59
Mar, 2025 3 $230.66 $592.68 $450.00 $1,273.34 $46,886.91
Apr, 2025 4 $225.64 $597.70 $450.00 $1,273.34 $45,839.21
May, 2025 5 $220.60 $602.74 $450.00 $1,273.34 $44,786.46
Jun, 2025 6 $215.53 $607.81 $450.00 $1,273.34 $43,728.66
Jul, 2025 7 $210.44 $612.90 $450.00 $1,273.34 $42,665.76
Aug, 2025 8 $205.33 $618.02 $450.00 $1,273.34 $41,597.74
Sep, 2025 9 $200.19 $623.16 $450.00 $1,273.34 $40,524.58
Oct, 2025 10 $195.02 $628.32 $450.00 $1,273.34 $39,446.26
Nov, 2025 11 $189.84 $633.51 $450.00 $1,273.34 $38,362.76
Dec, 2025 12 $184.62 $638.72 $450.00 $1,273.34 $37,274.03
Jan, 2026 13 $179.38 $643.96 $450.00 $1,273.34 $36,180.07
Feb, 2026 14 $174.12 $649.23 $450.00 $1,273.34 $35,080.84
Mar, 2026 15 $168.83 $654.52 $450.00 $1,273.34 $33,976.32
Apr, 2026 16 $163.51 $659.83 $450.00 $1,273.34 $32,866.49
May, 2026 17 $158.17 $665.17 $450.00 $1,273.34 $31,751.32
Jun, 2026 18 $152.80 $670.54 $450.00 $1,273.34 $30,630.78
Jul, 2026 19 $147.41 $675.93 $450.00 $1,273.34 $29,504.84
Aug, 2026 20 $141.99 $681.35 $450.00 $1,273.34 $28,373.49
Sep, 2026 21 $136.55 $686.80 $450.00 $1,273.34 $27,236.69
Oct, 2026 22 $131.08 $692.27 $450.00 $1,273.34 $26,094.43
Nov, 2026 23 $125.58 $697.76 $450.00 $1,273.34 $24,946.66
Dec, 2026 24 $120.06 $703.29 $450.00 $1,273.34 $23,793.37
Jan, 2027 25 $114.51 $708.84 $450.00 $1,273.34 $22,634.53
Feb, 2027 26 $108.93 $714.42 $450.00 $1,273.34 $21,470.12
Mar, 2027 27 $103.32 $720.02 $450.00 $1,273.34 $20,300.10
Apr, 2027 28 $97.69 $725.65 $450.00 $1,273.34 $19,124.45
May, 2027 29 $92.04 $731.31 $450.00 $1,273.34 $17,943.14
Jun, 2027 30 $86.35 $736.99 $450.00 $1,273.34 $16,756.15
Jul, 2027 31 $80.64 $742.71 $450.00 $1,273.34 $15,563.44
Aug, 2027 32 $74.90 $748.45 $450.00 $1,273.34 $14,365.00
Sep, 2027 33 $69.13 $754.21 $450.00 $1,273.34 $13,160.78
Oct, 2027 34 $63.34 $760.01 $450.00 $1,273.34 $11,950.78
Nov, 2027 35 $57.51 $765.83 $450.00 $1,273.34 $10,734.95
Dec, 2027 36 $51.66 $771.68 $450.00 $1,273.34 $9,513.26
Jan, 2028 37 $45.78 $777.56 $450.00 $1,273.34 $8,285.70
Feb, 2028 38 $39.87 $783.47 $450.00 $1,273.34 $7,052.23
Mar, 2028 39 $33.94 $789.41 $450.00 $1,273.34 $5,812.83
Apr, 2028 40 $27.97 $795.37 $450.00 $1,273.34 $4,567.46
May, 2028 41 $21.98 $801.36 $450.00 $1,273.34 $3,316.09
Jun, 2028 42 $15.96 $807.39 $450.00 $1,273.34 $2,058.71
Jul, 2028 43 $9.91 $813.44 $450.00 $1,273.34 $795.27
Aug, 2028 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 Aug, 2028 Jun, 2027
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