mortgage calculator

Mortgage Calculator With Extra Payments

Mortgage Calculator with extra payments excel and lump sum to calculate your monthly mortgage payments. Extra payment mortgage calculator with multiple extra payments and lump sum has the option to export the printable amortization schedule with extra payments in excel or pdf format. The amortization table has all the details about your mortgage payments, such as principal & interest paid, additional mortgage payment, remaining balance as well as tax and insurance.

Extra Payment Mortgage Calculator

Home Value
$
Down Payment
Mortgage Amount
$
Loan Terms
Interest Rate
PMI (Yearly)
Property Tax (Yearly)
Home Insurance (Yearly)
HOA Fees (Monthly)
Payment Frequency
First Payment Date

Amortization schedule
Extra Payments
One Time
$ On Date
Monthly or Biweekly
$ Starting Date
Quarterly
$ Starting Date
Yearly
$ Starting Date


Mortgage Calculator Results

Home Value: $300,000.00
Mortgage Amount: $255,000.00
Monthly Principal & Interest: $1,368.90
Monthly Extra Payment: $0.00
Monthly Property Tax: $250.00
Monthly Home Insurance: $125.00
Monthly PMI: (Until Apr, 2026) $106.25
Monthly HOA Fees: $0.00
Total Monthly Payment:
$1,850.15
Total # Of Payments: 360
Start Date: Aug, 2022
Payoff Date: Jul, 2052
Down Payment: $45,000.00
Principal: $255,000.00
Total Extra Payment: $0.00
Total Interest Paid: $237,802.25
Total Tax, Insurance, PMI and Fees: $139,781.25
Total of all Payments:
$677,583.50

Amortization Schedule with Extra Payments

Payment Date Payment # Interest Principal Tax, Insurance, PMI & Fees Total Payment Balance
Aug, 2022 1 $1,062.50 $306.40 $481.25 $1,850.15 $254,693.60
Sep, 2022 2 $1,061.22 $307.67 $481.25 $1,850.15 $254,385.93
Oct, 2022 3 $1,059.94 $308.95 $481.25 $1,850.15 $254,076.98
Nov, 2022 4 $1,058.65 $310.24 $481.25 $1,850.15 $253,766.74
Dec, 2022 5 $1,057.36 $311.53 $481.25 $1,850.15 $253,455.20
Jan, 2023 6 $1,056.06 $312.83 $481.25 $1,850.15 $253,142.37
Feb, 2023 7 $1,054.76 $314.14 $481.25 $1,850.15 $252,828.24
Mar, 2023 8 $1,053.45 $315.44 $481.25 $1,850.15 $252,512.79
Apr, 2023 9 $1,052.14 $316.76 $481.25 $1,850.15 $252,196.03
May, 2023 10 $1,050.82 $318.08 $481.25 $1,850.15 $251,877.96
Jun, 2023 11 $1,049.49 $319.40 $481.25 $1,850.15 $251,558.55
Jul, 2023 12 $1,048.16 $320.73 $481.25 $1,850.15 $251,237.82
Aug, 2023 13 $1,046.82 $322.07 $481.25 $1,850.15 $250,915.75
Sep, 2023 14 $1,045.48 $323.41 $481.25 $1,850.15 $250,592.33
Oct, 2023 15 $1,044.13 $324.76 $481.25 $1,850.15 $250,267.57
Nov, 2023 16 $1,042.78 $326.11 $481.25 $1,850.15 $249,941.46
Dec, 2023 17 $1,041.42 $327.47 $481.25 $1,850.15 $249,613.99
Jan, 2024 18 $1,040.06 $328.84 $481.25 $1,850.15 $249,285.15
Feb, 2024 19 $1,038.69 $330.21 $481.25 $1,850.15 $248,954.94
Mar, 2024 20 $1,037.31 $331.58 $481.25 $1,850.15 $248,623.36
Apr, 2024 21 $1,035.93 $332.96 $481.25 $1,850.15 $248,290.40
May, 2024 22 $1,034.54 $334.35 $481.25 $1,850.15 $247,956.05
Jun, 2024 23 $1,033.15 $335.74 $481.25 $1,850.15 $247,620.30
Jul, 2024 24 $1,031.75 $337.14 $481.25 $1,850.15 $247,283.16
Aug, 2024 25 $1,030.35 $338.55 $481.25 $1,850.15 $246,944.61
Sep, 2024 26 $1,028.94 $339.96 $481.25 $1,850.15 $246,604.65
Oct, 2024 27 $1,027.52 $341.38 $481.25 $1,850.15 $246,263.27
Nov, 2024 28 $1,026.10 $342.80 $481.25 $1,850.15 $245,920.47
Dec, 2024 29 $1,024.67 $344.23 $481.25 $1,850.15 $245,576.25
Jan, 2025 30 $1,023.23 $345.66 $481.25 $1,850.15 $245,230.59
Feb, 2025 31 $1,021.79 $347.10 $481.25 $1,850.15 $244,883.49
Mar, 2025 32 $1,020.35 $348.55 $481.25 $1,850.15 $244,534.94
Apr, 2025 33 $1,018.90 $350.00 $481.25 $1,850.15 $244,184.94
May, 2025 34 $1,017.44 $351.46 $481.25 $1,850.15 $243,833.48
Jun, 2025 35 $1,015.97 $352.92 $481.25 $1,850.15 $243,480.56
Jul, 2025 36 $1,014.50 $354.39 $481.25 $1,850.15 $243,126.17
Aug, 2025 37 $1,013.03 $355.87 $481.25 $1,850.15 $242,770.30
Sep, 2025 38 $1,011.54 $357.35 $481.25 $1,850.15 $242,412.94
Oct, 2025 39 $1,010.05 $358.84 $481.25 $1,850.15 $242,054.10
Nov, 2025 40 $1,008.56 $360.34 $481.25 $1,850.15 $241,693.77
Dec, 2025 41 $1,007.06 $361.84 $481.25 $1,850.15 $241,331.93
Jan, 2026 42 $1,005.55 $363.35 $481.25 $1,850.15 $240,968.58
Feb, 2026 43 $1,004.04 $364.86 $481.25 $1,850.15 $240,603.72
Mar, 2026 44 $1,002.52 $366.38 $481.25 $1,850.15 $240,237.34
Apr, 2026 45 $1,000.99 $367.91 $481.25 $1,850.15 $239,869.44
May, 2026 46 $999.46 $369.44 $375.00 $1,743.90 $239,500.00
Jun, 2026 47 $997.92 $370.98 $375.00 $1,743.90 $239,129.02
Jul, 2026 48 $996.37 $372.52 $375.00 $1,743.90 $238,756.50
Aug, 2026 49 $994.82 $374.08 $375.00 $1,743.90 $238,382.42
Sep, 2026 50 $993.26 $375.64 $375.00 $1,743.90 $238,006.79
Oct, 2026 51 $991.69 $377.20 $375.00 $1,743.90 $237,629.59
Nov, 2026 52 $990.12 $378.77 $375.00 $1,743.90 $237,250.81
Dec, 2026 53 $988.55 $380.35 $375.00 $1,743.90 $236,870.46
Jan, 2027 54 $986.96 $381.93 $375.00 $1,743.90 $236,488.53
Feb, 2027 55 $985.37 $383.53 $375.00 $1,743.90 $236,105.00
Mar, 2027 56 $983.77 $385.12 $375.00 $1,743.90 $235,719.88
Apr, 2027 57 $982.17 $386.73 $375.00 $1,743.90 $235,333.15
May, 2027 58 $980.55 $388.34 $375.00 $1,743.90 $234,944.81
Jun, 2027 59 $978.94 $389.96 $375.00 $1,743.90 $234,554.85
Jul, 2027 60 $977.31 $391.58 $375.00 $1,743.90 $234,163.27
Aug, 2027 61 $975.68 $393.21 $375.00 $1,743.90 $233,770.05
Sep, 2027 62 $974.04 $394.85 $375.00 $1,743.90 $233,375.20
Oct, 2027 63 $972.40 $396.50 $375.00 $1,743.90 $232,978.70
Nov, 2027 64 $970.74 $398.15 $375.00 $1,743.90 $232,580.55
Dec, 2027 65 $969.09 $399.81 $375.00 $1,743.90 $232,180.74
Jan, 2028 66 $967.42 $401.48 $375.00 $1,743.90 $231,779.26
Feb, 2028 67 $965.75 $403.15 $375.00 $1,743.90 $231,376.12
Mar, 2028 68 $964.07 $404.83 $375.00 $1,743.90 $230,971.29
Apr, 2028 69 $962.38 $406.51 $375.00 $1,743.90 $230,564.77
May, 2028 70 $960.69 $408.21 $375.00 $1,743.90 $230,156.57
Jun, 2028 71 $958.99 $409.91 $375.00 $1,743.90 $229,746.66
Jul, 2028 72 $957.28 $411.62 $375.00 $1,743.90 $229,335.04
Aug, 2028 73 $955.56 $413.33 $375.00 $1,743.90 $228,921.71
Sep, 2028 74 $953.84 $415.05 $375.00 $1,743.90 $228,506.65
Oct, 2028 75 $952.11 $416.78 $375.00 $1,743.90 $228,089.87
Nov, 2028 76 $950.37 $418.52 $375.00 $1,743.90 $227,671.35
Dec, 2028 77 $948.63 $420.26 $375.00 $1,743.90 $227,251.08
Jan, 2029 78 $946.88 $422.02 $375.00 $1,743.90 $226,829.07
Feb, 2029 79 $945.12 $423.77 $375.00 $1,743.90 $226,405.29
Mar, 2029 80 $943.36 $425.54 $375.00 $1,743.90 $225,979.75
Apr, 2029 81 $941.58 $427.31 $375.00 $1,743.90 $225,552.44
May, 2029 82 $939.80 $429.09 $375.00 $1,743.90 $225,123.35
Jun, 2029 83 $938.01 $430.88 $375.00 $1,743.90 $224,692.47
Jul, 2029 84 $936.22 $432.68 $375.00 $1,743.90 $224,259.79
Aug, 2029 85 $934.42 $434.48 $375.00 $1,743.90 $223,825.31
Sep, 2029 86 $932.61 $436.29 $375.00 $1,743.90 $223,389.02
Oct, 2029 87 $930.79 $438.11 $375.00 $1,743.90 $222,950.91
Nov, 2029 88 $928.96 $439.93 $375.00 $1,743.90 $222,510.98
Dec, 2029 89 $927.13 $441.77 $375.00 $1,743.90 $222,069.21
Jan, 2030 90 $925.29 $443.61 $375.00 $1,743.90 $221,625.61
Feb, 2030 91 $923.44 $445.46 $375.00 $1,743.90 $221,180.15
Mar, 2030 92 $921.58 $447.31 $375.00 $1,743.90 $220,732.84
Apr, 2030 93 $919.72 $449.17 $375.00 $1,743.90 $220,283.66
May, 2030 94 $917.85 $451.05 $375.00 $1,743.90 $219,832.62
Jun, 2030 95 $915.97 $452.93 $375.00 $1,743.90 $219,379.69
Jul, 2030 96 $914.08 $454.81 $375.00 $1,743.90 $218,924.88
Aug, 2030 97 $912.19 $456.71 $375.00 $1,743.90 $218,468.17
Sep, 2030 98 $910.28 $458.61 $375.00 $1,743.90 $218,009.56
Oct, 2030 99 $908.37 $460.52 $375.00 $1,743.90 $217,549.04
Nov, 2030 100 $906.45 $462.44 $375.00 $1,743.90 $217,086.60
Dec, 2030 101 $904.53 $464.37 $375.00 $1,743.90 $216,622.23
Jan, 2031 102 $902.59 $466.30 $375.00 $1,743.90 $216,155.93
Feb, 2031 103 $900.65 $468.25 $375.00 $1,743.90 $215,687.68
Mar, 2031 104 $898.70 $470.20 $375.00 $1,743.90 $215,217.49
Apr, 2031 105 $896.74 $472.16 $375.00 $1,743.90 $214,745.33
May, 2031 106 $894.77 $474.12 $375.00 $1,743.90 $214,271.21
Jun, 2031 107 $892.80 $476.10 $375.00 $1,743.90 $213,795.11
Jul, 2031 108 $890.81 $478.08 $375.00 $1,743.90 $213,317.03
Aug, 2031 109 $888.82 $480.07 $375.00 $1,743.90 $212,836.95
Sep, 2031 110 $886.82 $482.07 $375.00 $1,743.90 $212,354.88
Oct, 2031 111 $884.81 $484.08 $375.00 $1,743.90 $211,870.79
Nov, 2031 112 $882.79 $486.10 $375.00 $1,743.90 $211,384.69
Dec, 2031 113 $880.77 $488.13 $375.00 $1,743.90 $210,896.57
Jan, 2032 114 $878.74 $490.16 $375.00 $1,743.90 $210,406.41
Feb, 2032 115 $876.69 $492.20 $375.00 $1,743.90 $209,914.21
Mar, 2032 116 $874.64 $494.25 $375.00 $1,743.90 $209,419.95
Apr, 2032 117 $872.58 $496.31 $375.00 $1,743.90 $208,923.64
May, 2032 118 $870.52 $498.38 $375.00 $1,743.90 $208,425.26
Jun, 2032 119 $868.44 $500.46 $375.00 $1,743.90 $207,924.81
Jul, 2032 120 $866.35 $502.54 $375.00 $1,743.90 $207,422.26
Aug, 2032 121 $864.26 $504.64 $375.00 $1,743.90 $206,917.63
Sep, 2032 122 $862.16 $506.74 $375.00 $1,743.90 $206,410.89
Oct, 2032 123 $860.05 $508.85 $375.00 $1,743.90 $205,902.04
Nov, 2032 124 $857.93 $510.97 $375.00 $1,743.90 $205,391.07
Dec, 2032 125 $855.80 $513.10 $375.00 $1,743.90 $204,877.97
Jan, 2033 126 $853.66 $515.24 $375.00 $1,743.90 $204,362.73
Feb, 2033 127 $851.51 $517.38 $375.00 $1,743.90 $203,845.35
Mar, 2033 128 $849.36 $519.54 $375.00 $1,743.90 $203,325.81
Apr, 2033 129 $847.19 $521.70 $375.00 $1,743.90 $202,804.11
May, 2033 130 $845.02 $523.88 $375.00 $1,743.90 $202,280.23
Jun, 2033 131 $842.83 $526.06 $375.00 $1,743.90 $201,754.17
Jul, 2033 132 $840.64 $528.25 $375.00 $1,743.90 $201,225.92
Aug, 2033 133 $838.44 $530.45 $375.00 $1,743.90 $200,695.46
Sep, 2033 134 $836.23 $532.66 $375.00 $1,743.90 $200,162.80
Oct, 2033 135 $834.01 $534.88 $375.00 $1,743.90 $199,627.91
Nov, 2033 136 $831.78 $537.11 $375.00 $1,743.90 $199,090.80
Dec, 2033 137 $829.55 $539.35 $375.00 $1,743.90 $198,551.45
Jan, 2034 138 $827.30 $541.60 $375.00 $1,743.90 $198,009.85
Feb, 2034 139 $825.04 $543.85 $375.00 $1,743.90 $197,466.00
Mar, 2034 140 $822.78 $546.12 $375.00 $1,743.90 $196,919.88
Apr, 2034 141 $820.50 $548.40 $375.00 $1,743.90 $196,371.48
May, 2034 142 $818.21 $550.68 $375.00 $1,743.90 $195,820.80
Jun, 2034 143 $815.92 $552.98 $375.00 $1,743.90 $195,267.83
Jul, 2034 144 $813.62 $555.28 $375.00 $1,743.90 $194,712.55
Aug, 2034 145 $811.30 $557.59 $375.00 $1,743.90 $194,154.96
Sep, 2034 146 $808.98 $559.92 $375.00 $1,743.90 $193,595.04
Oct, 2034 147 $806.65 $562.25 $375.00 $1,743.90 $193,032.79
Nov, 2034 148 $804.30 $564.59 $375.00 $1,743.90 $192,468.20
Dec, 2034 149 $801.95 $566.94 $375.00 $1,743.90 $191,901.26
Jan, 2035 150 $799.59 $569.31 $375.00 $1,743.90 $191,331.95
Feb, 2035 151 $797.22 $571.68 $375.00 $1,743.90 $190,760.27
Mar, 2035 152 $794.83 $574.06 $375.00 $1,743.90 $190,186.21
Apr, 2035 153 $792.44 $576.45 $375.00 $1,743.90 $189,609.76
May, 2035 154 $790.04 $578.85 $375.00 $1,743.90 $189,030.90
Jun, 2035 155 $787.63 $581.27 $375.00 $1,743.90 $188,449.64
Jul, 2035 156 $785.21 $583.69 $375.00 $1,743.90 $187,865.95
Aug, 2035 157 $782.77 $586.12 $375.00 $1,743.90 $187,279.83
Sep, 2035 158 $780.33 $588.56 $375.00 $1,743.90 $186,691.26
Oct, 2035 159 $777.88 $591.01 $375.00 $1,743.90 $186,100.25
Nov, 2035 160 $775.42 $593.48 $375.00 $1,743.90 $185,506.77
Dec, 2035 161 $772.94 $595.95 $375.00 $1,743.90 $184,910.82
Jan, 2036 162 $770.46 $598.43 $375.00 $1,743.90 $184,312.39
Feb, 2036 163 $767.97 $600.93 $375.00 $1,743.90 $183,711.46
Mar, 2036 164 $765.46 $603.43 $375.00 $1,743.90 $183,108.03
Apr, 2036 165 $762.95 $605.95 $375.00 $1,743.90 $182,502.09
May, 2036 166 $760.43 $608.47 $375.00 $1,743.90 $181,893.62
Jun, 2036 167 $757.89 $611.01 $375.00 $1,743.90 $181,282.61
Jul, 2036 168 $755.34 $613.55 $375.00 $1,743.90 $180,669.06
Aug, 2036 169 $752.79 $616.11 $375.00 $1,743.90 $180,052.95
Sep, 2036 170 $750.22 $618.67 $375.00 $1,743.90 $179,434.28
Oct, 2036 171 $747.64 $621.25 $375.00 $1,743.90 $178,813.03
Nov, 2036 172 $745.05 $623.84 $375.00 $1,743.90 $178,189.19
Dec, 2036 173 $742.45 $626.44 $375.00 $1,743.90 $177,562.75
Jan, 2037 174 $739.84 $629.05 $375.00 $1,743.90 $176,933.69
Feb, 2037 175 $737.22 $631.67 $375.00 $1,743.90 $176,302.02
Mar, 2037 176 $734.59 $634.30 $375.00 $1,743.90 $175,667.72
Apr, 2037 177 $731.95 $636.95 $375.00 $1,743.90 $175,030.77
May, 2037 178 $729.29 $639.60 $375.00 $1,743.90 $174,391.17
Jun, 2037 179 $726.63 $642.27 $375.00 $1,743.90 $173,748.91
Jul, 2037 180 $723.95 $644.94 $375.00 $1,743.90 $173,103.97
Aug, 2037 181 $721.27 $647.63 $375.00 $1,743.90 $172,456.34
Sep, 2037 182 $718.57 $650.33 $375.00 $1,743.90 $171,806.01
Oct, 2037 183 $715.86 $653.04 $375.00 $1,743.90 $171,152.97
Nov, 2037 184 $713.14 $655.76 $375.00 $1,743.90 $170,497.22
Dec, 2037 185 $710.41 $658.49 $375.00 $1,743.90 $169,838.73
Jan, 2038 186 $707.66 $661.23 $375.00 $1,743.90 $169,177.49
Feb, 2038 187 $704.91 $663.99 $375.00 $1,743.90 $168,513.50
Mar, 2038 188 $702.14 $666.76 $375.00 $1,743.90 $167,846.75
Apr, 2038 189 $699.36 $669.53 $375.00 $1,743.90 $167,177.21
May, 2038 190 $696.57 $672.32 $375.00 $1,743.90 $166,504.89
Jun, 2038 191 $693.77 $675.12 $375.00 $1,743.90 $165,829.77
Jul, 2038 192 $690.96 $677.94 $375.00 $1,743.90 $165,151.83
Aug, 2038 193 $688.13 $680.76 $375.00 $1,743.90 $164,471.07
Sep, 2038 194 $685.30 $683.60 $375.00 $1,743.90 $163,787.47
Oct, 2038 195 $682.45 $686.45 $375.00 $1,743.90 $163,101.02
Nov, 2038 196 $679.59 $689.31 $375.00 $1,743.90 $162,411.71
Dec, 2038 197 $676.72 $692.18 $375.00 $1,743.90 $161,719.53
Jan, 2039 198 $673.83 $695.06 $375.00 $1,743.90 $161,024.47
Feb, 2039 199 $670.94 $697.96 $375.00 $1,743.90 $160,326.51
Mar, 2039 200 $668.03 $700.87 $375.00 $1,743.90 $159,625.64
Apr, 2039 201 $665.11 $703.79 $375.00 $1,743.90 $158,921.85
May, 2039 202 $662.17 $706.72 $375.00 $1,743.90 $158,215.13
Jun, 2039 203 $659.23 $709.67 $375.00 $1,743.90 $157,505.47
Jul, 2039 204 $656.27 $712.62 $375.00 $1,743.90 $156,792.84
Aug, 2039 205 $653.30 $715.59 $375.00 $1,743.90 $156,077.25
Sep, 2039 206 $650.32 $718.57 $375.00 $1,743.90 $155,358.68
Oct, 2039 207 $647.33 $721.57 $375.00 $1,743.90 $154,637.11
Nov, 2039 208 $644.32 $724.57 $375.00 $1,743.90 $153,912.54
Dec, 2039 209 $641.30 $727.59 $375.00 $1,743.90 $153,184.95
Jan, 2040 210 $638.27 $730.62 $375.00 $1,743.90 $152,454.32
Feb, 2040 211 $635.23 $733.67 $375.00 $1,743.90 $151,720.65
Mar, 2040 212 $632.17 $736.73 $375.00 $1,743.90 $150,983.93
Apr, 2040 213 $629.10 $739.80 $375.00 $1,743.90 $150,244.13
May, 2040 214 $626.02 $742.88 $375.00 $1,743.90 $149,501.25
Jun, 2040 215 $622.92 $745.97 $375.00 $1,743.90 $148,755.28
Jul, 2040 216 $619.81 $749.08 $375.00 $1,743.90 $148,006.20
Aug, 2040 217 $616.69 $752.20 $375.00 $1,743.90 $147,254.00
Sep, 2040 218 $613.56 $755.34 $375.00 $1,743.90 $146,498.66
Oct, 2040 219 $610.41 $758.48 $375.00 $1,743.90 $145,740.17
Nov, 2040 220 $607.25 $761.64 $375.00 $1,743.90 $144,978.53
Dec, 2040 221 $604.08 $764.82 $375.00 $1,743.90 $144,213.71
Jan, 2041 222 $600.89 $768.00 $375.00 $1,743.90 $143,445.71
Feb, 2041 223 $597.69 $771.20 $375.00 $1,743.90 $142,674.50
Mar, 2041 224 $594.48 $774.42 $375.00 $1,743.90 $141,900.08
Apr, 2041 225 $591.25 $777.64 $375.00 $1,743.90 $141,122.44
May, 2041 226 $588.01 $780.88 $375.00 $1,743.90 $140,341.56
Jun, 2041 227 $584.76 $784.14 $375.00 $1,743.90 $139,557.42
Jul, 2041 228 $581.49 $787.41 $375.00 $1,743.90 $138,770.01
Aug, 2041 229 $578.21 $790.69 $375.00 $1,743.90 $137,979.32
Sep, 2041 230 $574.91 $793.98 $375.00 $1,743.90 $137,185.34
Oct, 2041 231 $571.61 $797.29 $375.00 $1,743.90 $136,388.05
Nov, 2041 232 $568.28 $800.61 $375.00 $1,743.90 $135,587.44
Dec, 2041 233 $564.95 $803.95 $375.00 $1,743.90 $134,783.49
Jan, 2042 234 $561.60 $807.30 $375.00 $1,743.90 $133,976.20
Feb, 2042 235 $558.23 $810.66 $375.00 $1,743.90 $133,165.54
Mar, 2042 236 $554.86 $814.04 $375.00 $1,743.90 $132,351.50
Apr, 2042 237 $551.46 $817.43 $375.00 $1,743.90 $131,534.07
May, 2042 238 $548.06 $820.84 $375.00 $1,743.90 $130,713.23
Jun, 2042 239 $544.64 $824.26 $375.00 $1,743.90 $129,888.97
Jul, 2042 240 $541.20 $827.69 $375.00 $1,743.90 $129,061.28
Aug, 2042 241 $537.76 $831.14 $375.00 $1,743.90 $128,230.14
Sep, 2042 242 $534.29 $834.60 $375.00 $1,743.90 $127,395.54
Oct, 2042 243 $530.81 $838.08 $375.00 $1,743.90 $126,557.46
Nov, 2042 244 $527.32 $841.57 $375.00 $1,743.90 $125,715.89
Dec, 2042 245 $523.82 $845.08 $375.00 $1,743.90 $124,870.81
Jan, 2043 246 $520.30 $848.60 $375.00 $1,743.90 $124,022.21
Feb, 2043 247 $516.76 $852.14 $375.00 $1,743.90 $123,170.07
Mar, 2043 248 $513.21 $855.69 $375.00 $1,743.90 $122,314.39
Apr, 2043 249 $509.64 $859.25 $375.00 $1,743.90 $121,455.13
May, 2043 250 $506.06 $862.83 $375.00 $1,743.90 $120,592.30
Jun, 2043 251 $502.47 $866.43 $375.00 $1,743.90 $119,725.87
Jul, 2043 252 $498.86 $870.04 $375.00 $1,743.90 $118,855.84
Aug, 2043 253 $495.23 $873.66 $375.00 $1,743.90 $117,982.17
Sep, 2043 254 $491.59 $877.30 $375.00 $1,743.90 $117,104.87
Oct, 2043 255 $487.94 $880.96 $375.00 $1,743.90 $116,223.91
Nov, 2043 256 $484.27 $884.63 $375.00 $1,743.90 $115,339.28
Dec, 2043 257 $480.58 $888.31 $375.00 $1,743.90 $114,450.97
Jan, 2044 258 $476.88 $892.02 $375.00 $1,743.90 $113,558.95
Feb, 2044 259 $473.16 $895.73 $375.00 $1,743.90 $112,663.22
Mar, 2044 260 $469.43 $899.47 $375.00 $1,743.90 $111,763.76
Apr, 2044 261 $465.68 $903.21 $375.00 $1,743.90 $110,860.54
May, 2044 262 $461.92 $906.98 $375.00 $1,743.90 $109,953.57
Jun, 2044 263 $458.14 $910.76 $375.00 $1,743.90 $109,042.81
Jul, 2044 264 $454.35 $914.55 $375.00 $1,743.90 $108,128.26
Aug, 2044 265 $450.53 $918.36 $375.00 $1,743.90 $107,209.90
Sep, 2044 266 $446.71 $922.19 $375.00 $1,743.90 $106,287.71
Oct, 2044 267 $442.87 $926.03 $375.00 $1,743.90 $105,361.68
Nov, 2044 268 $439.01 $929.89 $375.00 $1,743.90 $104,431.80
Dec, 2044 269 $435.13 $933.76 $375.00 $1,743.90 $103,498.03
Jan, 2045 270 $431.24 $937.65 $375.00 $1,743.90 $102,560.38
Feb, 2045 271 $427.33 $941.56 $375.00 $1,743.90 $101,618.82
Mar, 2045 272 $423.41 $945.48 $375.00 $1,743.90 $100,673.34
Apr, 2045 273 $419.47 $949.42 $375.00 $1,743.90 $99,723.91
May, 2045 274 $415.52 $953.38 $375.00 $1,743.90 $98,770.53
Jun, 2045 275 $411.54 $957.35 $375.00 $1,743.90 $97,813.18
Jul, 2045 276 $407.55 $961.34 $375.00 $1,743.90 $96,851.84
Aug, 2045 277 $403.55 $965.35 $375.00 $1,743.90 $95,886.50
Sep, 2045 278 $399.53 $969.37 $375.00 $1,743.90 $94,917.13
Oct, 2045 279 $395.49 $973.41 $375.00 $1,743.90 $93,943.72
Nov, 2045 280 $391.43 $977.46 $375.00 $1,743.90 $92,966.26
Dec, 2045 281 $387.36 $981.54 $375.00 $1,743.90 $91,984.72
Jan, 2046 282 $383.27 $985.63 $375.00 $1,743.90 $90,999.10
Feb, 2046 283 $379.16 $989.73 $375.00 $1,743.90 $90,009.37
Mar, 2046 284 $375.04 $993.86 $375.00 $1,743.90 $89,015.51
Apr, 2046 285 $370.90 $998.00 $375.00 $1,743.90 $88,017.51
May, 2046 286 $366.74 $1,002.16 $375.00 $1,743.90 $87,015.36
Jun, 2046 287 $362.56 $1,006.33 $375.00 $1,743.90 $86,009.03
Jul, 2046 288 $358.37 $1,010.52 $375.00 $1,743.90 $84,998.50
Aug, 2046 289 $354.16 $1,014.73 $375.00 $1,743.90 $83,983.77
Sep, 2046 290 $349.93 $1,018.96 $375.00 $1,743.90 $82,964.80
Oct, 2046 291 $345.69 $1,023.21 $375.00 $1,743.90 $81,941.60
Nov, 2046 292 $341.42 $1,027.47 $375.00 $1,743.90 $80,914.12
Dec, 2046 293 $337.14 $1,031.75 $375.00 $1,743.90 $79,882.37
Jan, 2047 294 $332.84 $1,036.05 $375.00 $1,743.90 $78,846.32
Feb, 2047 295 $328.53 $1,040.37 $375.00 $1,743.90 $77,805.95
Mar, 2047 296 $324.19 $1,044.70 $375.00 $1,743.90 $76,761.25
Apr, 2047 297 $319.84 $1,049.06 $375.00 $1,743.90 $75,712.19
May, 2047 298 $315.47 $1,053.43 $375.00 $1,743.90 $74,658.76
Jun, 2047 299 $311.08 $1,057.82 $375.00 $1,743.90 $73,600.94
Jul, 2047 300 $306.67 $1,062.22 $375.00 $1,743.90 $72,538.72
Aug, 2047 301 $302.24 $1,066.65 $375.00 $1,743.90 $71,472.07
Sep, 2047 302 $297.80 $1,071.09 $375.00 $1,743.90 $70,400.97
Oct, 2047 303 $293.34 $1,075.56 $375.00 $1,743.90 $69,325.42
Nov, 2047 304 $288.86 $1,080.04 $375.00 $1,743.90 $68,245.38
Dec, 2047 305 $284.36 $1,084.54 $375.00 $1,743.90 $67,160.84
Jan, 2048 306 $279.84 $1,089.06 $375.00 $1,743.90 $66,071.78
Feb, 2048 307 $275.30 $1,093.60 $375.00 $1,743.90 $64,978.18
Mar, 2048 308 $270.74 $1,098.15 $375.00 $1,743.90 $63,880.03
Apr, 2048 309 $266.17 $1,102.73 $375.00 $1,743.90 $62,777.30
May, 2048 310 $261.57 $1,107.32 $375.00 $1,743.90 $61,669.98
Jun, 2048 311 $256.96 $1,111.94 $375.00 $1,743.90 $60,558.04
Jul, 2048 312 $252.33 $1,116.57 $375.00 $1,743.90 $59,441.47
Aug, 2048 313 $247.67 $1,121.22 $375.00 $1,743.90 $58,320.25
Sep, 2048 314 $243.00 $1,125.89 $375.00 $1,743.90 $57,194.36
Oct, 2048 315 $238.31 $1,130.59 $375.00 $1,743.90 $56,063.77
Nov, 2048 316 $233.60 $1,135.30 $375.00 $1,743.90 $54,928.48
Dec, 2048 317 $228.87 $1,140.03 $375.00 $1,743.90 $53,788.45
Jan, 2049 318 $224.12 $1,144.78 $375.00 $1,743.90 $52,643.67
Feb, 2049 319 $219.35 $1,149.55 $375.00 $1,743.90 $51,494.13
Mar, 2049 320 $214.56 $1,154.34 $375.00 $1,743.90 $50,339.79
Apr, 2049 321 $209.75 $1,159.15 $375.00 $1,743.90 $49,180.64
May, 2049 322 $204.92 $1,163.98 $375.00 $1,743.90 $48,016.67
Jun, 2049 323 $200.07 $1,168.83 $375.00 $1,743.90 $46,847.84
Jul, 2049 324 $195.20 $1,173.70 $375.00 $1,743.90 $45,674.15
Aug, 2049 325 $190.31 $1,178.59 $375.00 $1,743.90 $44,495.56
Sep, 2049 326 $185.40 $1,183.50 $375.00 $1,743.90 $43,312.06
Oct, 2049 327 $180.47 $1,188.43 $375.00 $1,743.90 $42,123.63
Nov, 2049 328 $175.52 $1,193.38 $375.00 $1,743.90 $40,930.25
Dec, 2049 329 $170.54 $1,198.35 $375.00 $1,743.90 $39,731.90
Jan, 2050 330 $165.55 $1,203.35 $375.00 $1,743.90 $38,528.56
Feb, 2050 331 $160.54 $1,208.36 $375.00 $1,743.90 $37,320.20
Mar, 2050 332 $155.50 $1,213.39 $375.00 $1,743.90 $36,106.80
Apr, 2050 333 $150.45 $1,218.45 $375.00 $1,743.90 $34,888.35
May, 2050 334 $145.37 $1,223.53 $375.00 $1,743.90 $33,664.83
Jun, 2050 335 $140.27 $1,228.63 $375.00 $1,743.90 $32,436.20
Jul, 2050 336 $135.15 $1,233.74 $375.00 $1,743.90 $31,202.46
Aug, 2050 337 $130.01 $1,238.88 $375.00 $1,743.90 $29,963.57
Sep, 2050 338 $124.85 $1,244.05 $375.00 $1,743.90 $28,719.52
Oct, 2050 339 $119.66 $1,249.23 $375.00 $1,743.90 $27,470.29
Nov, 2050 340 $114.46 $1,254.44 $375.00 $1,743.90 $26,215.86
Dec, 2050 341 $109.23 $1,259.66 $375.00 $1,743.90 $24,956.20
Jan, 2051 342 $103.98 $1,264.91 $375.00 $1,743.90 $23,691.29
Feb, 2051 343 $98.71 $1,270.18 $375.00 $1,743.90 $22,421.10
Mar, 2051 344 $93.42 $1,275.47 $375.00 $1,743.90 $21,145.63
Apr, 2051 345 $88.11 $1,280.79 $375.00 $1,743.90 $19,864.84
May, 2051 346 $82.77 $1,286.12 $375.00 $1,743.90 $18,578.72
Jun, 2051 347 $77.41 $1,291.48 $375.00 $1,743.90 $17,287.23
Jul, 2051 348 $72.03 $1,296.87 $375.00 $1,743.90 $15,990.37
Aug, 2051 349 $66.63 $1,302.27 $375.00 $1,743.90 $14,688.10
Sep, 2051 350 $61.20 $1,307.69 $375.00 $1,743.90 $13,380.40
Oct, 2051 351 $55.75 $1,313.14 $375.00 $1,743.90 $12,067.26
Nov, 2051 352 $50.28 $1,318.61 $375.00 $1,743.90 $10,748.65
Dec, 2051 353 $44.79 $1,324.11 $375.00 $1,743.90 $9,424.54
Jan, 2052 354 $39.27 $1,329.63 $375.00 $1,743.90 $8,094.91
Feb, 2052 355 $33.73 $1,335.17 $375.00 $1,743.90 $6,759.74
Mar, 2052 356 $28.17 $1,340.73 $375.00 $1,743.90 $5,419.02
Apr, 2052 357 $22.58 $1,346.32 $375.00 $1,743.90 $4,072.70
May, 2052 358 $16.97 $1,351.93 $375.00 $1,743.90 $2,720.77
Jun, 2052 359 $11.34 $1,357.56 $375.00 $1,743.90 $1,363.22
Jul, 2052 360 $5.68 $1,363.22 $375.00 $1,743.90 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $1,850.15 $906.56
Total Extra Payments $0.00 $0.00
Total Interest $237,802.25 $194,034.13
Total Tax, Insurance, PMI & Fees $139,781.25 $116,723.08
Total Payment $677,583.50 $610,757.21
Total Savings $0 $66,826.29
Payoff Date Jul, 2052 Oct, 2047

What is additional principal payment?

The additional principal payment is extra payments that are made towards the principal portion of the mortgage in addition to the regular monthly payments. Additional payments can save borrowers money in the long term as they reduce principal and interest. Depending on the size and frequency of these extra payments and the principal amount, borrowers who pay extra payments regularly may be able to pay off their mortgage years earlier and tens of thousands of dollars in savings on interest payments. There are many ways a borrower can choose to make additional payments towards their mortgage.

  • Biweekly mortgage payments - By making biweekly payments instead of the default monthly payment, borrowers will make an extra payment each year. Please visit our biweekly mortgage calculator with extra payments to learn more.
  • One time extra payment - Borrowers can make a one-time lump sum payment to reduce their mortgage principal. If they receive a special bonus from their job, or an inheritance, they can use that money to make a one-time extra payment.
  • Recurring extra payments - Borrowers can also make recurring extra payments monthly, quarterly, or annually. If you are making more money now than you used to, you can choose to pay off your mortgage faster by making regular extra payments.

No matter which type of extra payments you use, make sure they go toward the principal, and not the interest. Also, discuss with your lenders before making extra payments to make sure there are no penalties or fees.


Mortgage Calculator With Extra Payments Excel

Our loan calculator with extra payments excel has options to select a one time additional payment or set up multiple extra recurring payments. There are four multiple payment options that you can choose from, monthly, biweekly, quarterly, and yearly. Once set up, the additional mortgage payment information will be added to each of your monthly payments and you can view it from the amortization schedule extra payments excel file. There are five types of file formats that you can export the mortgage amortization with extra payments, such as xlsx (Excel after 2007), xls (older versions of Excel), csv, txt, and pdf.


How to Payoff Your Mortgage Early?

There is one reason that you may want to pay off your mortgage early, and that is to save a lot of money on interest. On a regular 30 year term mortgage with a 5% interest, a borrower may end up paying more on interest than principal. If we include other fees such as PMI, tax and insurance, the amount you pay could get much bigger. At the beginning of your 30 year term, your monthly mortgage payments will be mostly towards paying for interest, and little to pay down principal. Only when you are halfway through the 30 year term, your monthly payment starts to pay more for principal than interest. One way to reduce interest payment is through extra payment. That means a borrower makes a one time lump sum payment or makes extra payments each month or year. Some borrowers may consider bi-weekly payments which is the equivalent of making an additional payment each year. On a monthly payment plan, you make 12 payments each year whereas a bi-weekly payment plan allows you to make 13 payments. One extra payment a year may not seem a lot, but it actually saves you a lot of money and pays off your mortgage a couple of years earlier. With our additional payment mortgage calculator, you will see exactly how much you will save by making extra payments. To learn how much money you can save in paying off your mortgage, use the early mortgage payoff calculator.



Are Extra Payments Right For You?

There are many things that you need to consider before starting to make extra payments. Here are the pros and cons.

Pro of Extra Payment


  • Save on interest - You will save a lot of money on interest paid by the end of your mortgage.
  • Save on PMI - If your down payment is less than 20% for your house, lenders may require you to pay private mortgage insurance or PMI. Once your equity on the house is over 20%, the PMI is removed. When you make an additional payment towards principal, your equity will increase and allow you to get rid of PMI payments faster.
  • Payoff your mortgage years earlier - Depending on how much more you will pay extra, you could end up paying off your mortgage many years earlier than the original mortgage term.

Cons of Extra Payment


  • Do you have enough money? - First of all, you need to make sure you have enough money that you can afford the additional payments.
  • Cut spending - Making extra payments may mean that you can no longer spend as much as you used to. You may have to cut expenses and eat out less frequently.
  • Higher interest debt - If you have other debt with a higher interest rate such as credit card debts. You should pay off your credit card bill before you even consider making extra payments for your mortgage. Usually, the interest rate is way higher than a home mortgage. You will lose money in the end if you choose extra payments on your mortgage over credit card debts.
  • Job security - You may need to check the economic condition and make sure your job is safe so that you can continue to make your mortgage payments.
  • Other better Investment opportunities with your money? - Do you have any other better investment opportunities that you may need to pass on because of this extra payment.
  • Are you staying at the house for a long time? - Most of the savings are realized only if you are planning to live in the house for over 20 years. If you are selling the house in a few years, the savings of extra payment may not be worth the effort.
  • Does your lender charge a fee or prepayment penalties? - Savings for the borrower means losses to the lender. Lenders make money from interest payments, and they want to maximize it from the borrower. For this reason, many lenders charge a fee or penalties for extra payment or switching payment plans. Make sure you talk to your lender first.

Everybody's situation is different, so there may be other things that you need to think about before committing to extra payment. If you do decide to make extra payments for your mortgage, make sure the money goes towards paying down principal instead of interest.


How to use the amortization calculator with extra payments

You can use our amortization calculator with extra payments to estimate how much you can save in interest payments with your mortgage. There are four types of extra payments that you can choose from, one time lump sum payments, recurring monthly or biweekly payments, quarterly, and yearly payments. Calculate exactly how much interest payment you can save using our mortgage calculator with extra principal payments. Following are the mortgage calculator definitions Home Value - The estimated value of your property. Down Payment - How much you put down on the house. You can enter the down payment as a percentage of the house or a dollar amount. Mortgage Amount - How much mortgage are you planning to apply for. When you enter the home value and down payment, this field is automatically calculated for you. Loan Terms - How long is your loan terms. The 15-year and 30-year terms are the most common ones. Interest Rate - How much interest will you be paying for the mortgage. PMI - If your down payment is less than 20%, you may have to pay the private mortgage insurance which is an extra cost. Once your equity on the house reaches 20%, you can contact your lender to remove the PMI payment. Property Tax - How much tax are you paying for your property. The property tax varies depending on where you live. You can enter it as a dollar amount or as a percentage of your house. Home Insurance - How much will you be paying for home insurance. Again, you can enter this field as a percentage or dollar amount. HOA Fees - Do you have to pay any homeowners association fees or HOA fees? This is the fee that is required in some residential properties. Payment Frequency - You can choose monthly or bi-weekly. Bi-weekly payments are different from paying two times a month. There are 52 weeks in a year, bi-weekly payment means you make 26 payments each year. First Payment Date - You can choose any payment date as you wish. It can be a date from the past, today, or some other date in the future. Amortization Schedule - You have the option to show the amortization schedule in monthly or yearly format. Extra Payment - Select yes for extra payments, and no for regular payments. If you select extra payment, you need to enter at least one of the four types of additional payment. The additional payment option includes one time, biweekly, quarterly, and yearly.



Amortization Schedule with Extra Payments

The mortgage calculator will give you a summary of the mortgage, such as total extra payment, interest paid, tax, insurance, PMI and fees, and payoff date. You will also get an amortization schedule that shows the details of each payment showing how much you are paying in interest, principal, tax & insurance, PMI, and other fees, as well as the remaining balance on the mortgage. At the end of the amortization schedule, you will see a comparison table between your original mortgage against the one with extra payment. The comparison table shows the difference between total interest, tax, insurance, PMI, and fees, as well as the total payment and savings. The results are exportable and you can download them as a pdf file or in excel format. You can also share the result of the mortgage calculation by sharing the URL with the preset data that you enter.




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