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, 2023
Payoff Date: Aug, 2026
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, 2023 1 $240.63 $582.72 $450.00 $1,273.34 $48,967.28
Feb, 2023 2 $235.66 $587.69 $450.00 $1,273.34 $47,929.59
Mar, 2023 3 $230.66 $592.68 $450.00 $1,273.34 $46,886.91
Apr, 2023 4 $225.64 $597.70 $450.00 $1,273.34 $45,839.21
May, 2023 5 $220.60 $602.74 $450.00 $1,273.34 $44,786.46
Jun, 2023 6 $215.53 $607.81 $450.00 $1,273.34 $43,728.66
Jul, 2023 7 $210.44 $612.90 $450.00 $1,273.34 $42,665.76
Aug, 2023 8 $205.33 $618.02 $450.00 $1,273.34 $41,597.74
Sep, 2023 9 $200.19 $623.16 $450.00 $1,273.34 $40,524.58
Oct, 2023 10 $195.02 $628.32 $450.00 $1,273.34 $39,446.26
Nov, 2023 11 $189.84 $633.51 $450.00 $1,273.34 $38,362.76
Dec, 2023 12 $184.62 $638.72 $450.00 $1,273.34 $37,274.03
Jan, 2024 13 $179.38 $643.96 $450.00 $1,273.34 $36,180.07
Feb, 2024 14 $174.12 $649.23 $450.00 $1,273.34 $35,080.84
Mar, 2024 15 $168.83 $654.52 $450.00 $1,273.34 $33,976.32
Apr, 2024 16 $163.51 $659.83 $450.00 $1,273.34 $32,866.49
May, 2024 17 $158.17 $665.17 $450.00 $1,273.34 $31,751.32
Jun, 2024 18 $152.80 $670.54 $450.00 $1,273.34 $30,630.78
Jul, 2024 19 $147.41 $675.93 $450.00 $1,273.34 $29,504.84
Aug, 2024 20 $141.99 $681.35 $450.00 $1,273.34 $28,373.49
Sep, 2024 21 $136.55 $686.80 $450.00 $1,273.34 $27,236.69
Oct, 2024 22 $131.08 $692.27 $450.00 $1,273.34 $26,094.43
Nov, 2024 23 $125.58 $697.76 $450.00 $1,273.34 $24,946.66
Dec, 2024 24 $120.06 $703.29 $450.00 $1,273.34 $23,793.37
Jan, 2025 25 $114.51 $708.84 $450.00 $1,273.34 $22,634.53
Feb, 2025 26 $108.93 $714.42 $450.00 $1,273.34 $21,470.12
Mar, 2025 27 $103.32 $720.02 $450.00 $1,273.34 $20,300.10
Apr, 2025 28 $97.69 $725.65 $450.00 $1,273.34 $19,124.45
May, 2025 29 $92.04 $731.31 $450.00 $1,273.34 $17,943.14
Jun, 2025 30 $86.35 $736.99 $450.00 $1,273.34 $16,756.15
Jul, 2025 31 $80.64 $742.71 $450.00 $1,273.34 $15,563.44
Aug, 2025 32 $74.90 $748.45 $450.00 $1,273.34 $14,365.00
Sep, 2025 33 $69.13 $754.21 $450.00 $1,273.34 $13,160.78
Oct, 2025 34 $63.34 $760.01 $450.00 $1,273.34 $11,950.78
Nov, 2025 35 $57.51 $765.83 $450.00 $1,273.34 $10,734.95
Dec, 2025 36 $51.66 $771.68 $450.00 $1,273.34 $9,513.26
Jan, 2026 37 $45.78 $777.56 $450.00 $1,273.34 $8,285.70
Feb, 2026 38 $39.87 $783.47 $450.00 $1,273.34 $7,052.23
Mar, 2026 39 $33.94 $789.41 $450.00 $1,273.34 $5,812.83
Apr, 2026 40 $27.97 $795.37 $450.00 $1,273.34 $4,567.46
May, 2026 41 $21.98 $801.36 $450.00 $1,273.34 $3,316.09
Jun, 2026 42 $15.96 $807.39 $450.00 $1,273.34 $2,058.71
Jul, 2026 43 $9.91 $813.44 $450.00 $1,273.34 $795.27
Aug, 2026 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, 2026 Jun, 2025

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