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.

Payment Date	Payment #	Interest	Principal	Tax, Insurance, PMI & Fees	Total Payment	Balance
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 Nov, 2026)			$106.25
Monthly HOA Fees:			$0.00
Total Monthly Payment:			$1,850.15
Total # Of Payments:			360
Start Date:			Mar, 2023
Payoff Date:			Feb, 2053
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
Mar, 2023	1	$1,062.50	$306.40	$481.25	$1,850.15	$254,693.60
Apr, 2023	2	$1,061.22	$307.67	$481.25	$1,850.15	$254,385.93
May, 2023	3	$1,059.94	$308.95	$481.25	$1,850.15	$254,076.98
Jun, 2023	4	$1,058.65	$310.24	$481.25	$1,850.15	$253,766.74
Jul, 2023	5	$1,057.36	$311.53	$481.25	$1,850.15	$253,455.20
Aug, 2023	6	$1,056.06	$312.83	$481.25	$1,850.15	$253,142.37
Sep, 2023	7	$1,054.76	$314.14	$481.25	$1,850.15	$252,828.24
Oct, 2023	8	$1,053.45	$315.44	$481.25	$1,850.15	$252,512.79
Nov, 2023	9	$1,052.14	$316.76	$481.25	$1,850.15	$252,196.03
Dec, 2023	10	$1,050.82	$318.08	$481.25	$1,850.15	$251,877.96
Jan, 2024	11	$1,049.49	$319.40	$481.25	$1,850.15	$251,558.55
Feb, 2024	12	$1,048.16	$320.73	$481.25	$1,850.15	$251,237.82
Mar, 2024	13	$1,046.82	$322.07	$481.25	$1,850.15	$250,915.75
Apr, 2024	14	$1,045.48	$323.41	$481.25	$1,850.15	$250,592.33
May, 2024	15	$1,044.13	$324.76	$481.25	$1,850.15	$250,267.57
Jun, 2024	16	$1,042.78	$326.11	$481.25	$1,850.15	$249,941.46
Jul, 2024	17	$1,041.42	$327.47	$481.25	$1,850.15	$249,613.99
Aug, 2024	18	$1,040.06	$328.84	$481.25	$1,850.15	$249,285.15
Sep, 2024	19	$1,038.69	$330.21	$481.25	$1,850.15	$248,954.94
Oct, 2024	20	$1,037.31	$331.58	$481.25	$1,850.15	$248,623.36
Nov, 2024	21	$1,035.93	$332.96	$481.25	$1,850.15	$248,290.40
Dec, 2024	22	$1,034.54	$334.35	$481.25	$1,850.15	$247,956.05
Jan, 2025	23	$1,033.15	$335.74	$481.25	$1,850.15	$247,620.30
Feb, 2025	24	$1,031.75	$337.14	$481.25	$1,850.15	$247,283.16
Mar, 2025	25	$1,030.35	$338.55	$481.25	$1,850.15	$246,944.61
Apr, 2025	26	$1,028.94	$339.96	$481.25	$1,850.15	$246,604.65
May, 2025	27	$1,027.52	$341.38	$481.25	$1,850.15	$246,263.27
Jun, 2025	28	$1,026.10	$342.80	$481.25	$1,850.15	$245,920.47
Jul, 2025	29	$1,024.67	$344.23	$481.25	$1,850.15	$245,576.25
Aug, 2025	30	$1,023.23	$345.66	$481.25	$1,850.15	$245,230.59
Sep, 2025	31	$1,021.79	$347.10	$481.25	$1,850.15	$244,883.49
Oct, 2025	32	$1,020.35	$348.55	$481.25	$1,850.15	$244,534.94
Nov, 2025	33	$1,018.90	$350.00	$481.25	$1,850.15	$244,184.94
Dec, 2025	34	$1,017.44	$351.46	$481.25	$1,850.15	$243,833.48
Jan, 2026	35	$1,015.97	$352.92	$481.25	$1,850.15	$243,480.56
Feb, 2026	36	$1,014.50	$354.39	$481.25	$1,850.15	$243,126.17
Mar, 2026	37	$1,013.03	$355.87	$481.25	$1,850.15	$242,770.30
Apr, 2026	38	$1,011.54	$357.35	$481.25	$1,850.15	$242,412.94
May, 2026	39	$1,010.05	$358.84	$481.25	$1,850.15	$242,054.10
Jun, 2026	40	$1,008.56	$360.34	$481.25	$1,850.15	$241,693.77
Jul, 2026	41	$1,007.06	$361.84	$481.25	$1,850.15	$241,331.93
Aug, 2026	42	$1,005.55	$363.35	$481.25	$1,850.15	$240,968.58
Sep, 2026	43	$1,004.04	$364.86	$481.25	$1,850.15	$240,603.72
Oct, 2026	44	$1,002.52	$366.38	$481.25	$1,850.15	$240,237.34
Nov, 2026	45	$1,000.99	$367.91	$481.25	$1,850.15	$239,869.44
Dec, 2026	46	$999.46	$369.44	$375.00	$1,743.90	$239,500.00
Jan, 2027	47	$997.92	$370.98	$375.00	$1,743.90	$239,129.02
Feb, 2027	48	$996.37	$372.52	$375.00	$1,743.90	$238,756.50
Mar, 2027	49	$994.82	$374.08	$375.00	$1,743.90	$238,382.42
Apr, 2027	50	$993.26	$375.64	$375.00	$1,743.90	$238,006.79
May, 2027	51	$991.69	$377.20	$375.00	$1,743.90	$237,629.59
Jun, 2027	52	$990.12	$378.77	$375.00	$1,743.90	$237,250.81
Jul, 2027	53	$988.55	$380.35	$375.00	$1,743.90	$236,870.46
Aug, 2027	54	$986.96	$381.93	$375.00	$1,743.90	$236,488.53
Sep, 2027	55	$985.37	$383.53	$375.00	$1,743.90	$236,105.00
Oct, 2027	56	$983.77	$385.12	$375.00	$1,743.90	$235,719.88
Nov, 2027	57	$982.17	$386.73	$375.00	$1,743.90	$235,333.15
Dec, 2027	58	$980.55	$388.34	$375.00	$1,743.90	$234,944.81
Jan, 2028	59	$978.94	$389.96	$375.00	$1,743.90	$234,554.85
Feb, 2028	60	$977.31	$391.58	$375.00	$1,743.90	$234,163.27
Mar, 2028	61	$975.68	$393.21	$375.00	$1,743.90	$233,770.05
Apr, 2028	62	$974.04	$394.85	$375.00	$1,743.90	$233,375.20
May, 2028	63	$972.40	$396.50	$375.00	$1,743.90	$232,978.70
Jun, 2028	64	$970.74	$398.15	$375.00	$1,743.90	$232,580.55
Jul, 2028	65	$969.09	$399.81	$375.00	$1,743.90	$232,180.74
Aug, 2028	66	$967.42	$401.48	$375.00	$1,743.90	$231,779.26
Sep, 2028	67	$965.75	$403.15	$375.00	$1,743.90	$231,376.12
Oct, 2028	68	$964.07	$404.83	$375.00	$1,743.90	$230,971.29
Nov, 2028	69	$962.38	$406.51	$375.00	$1,743.90	$230,564.77
Dec, 2028	70	$960.69	$408.21	$375.00	$1,743.90	$230,156.57
Jan, 2029	71	$958.99	$409.91	$375.00	$1,743.90	$229,746.66
Feb, 2029	72	$957.28	$411.62	$375.00	$1,743.90	$229,335.04
Mar, 2029	73	$955.56	$413.33	$375.00	$1,743.90	$228,921.71
Apr, 2029	74	$953.84	$415.05	$375.00	$1,743.90	$228,506.65
May, 2029	75	$952.11	$416.78	$375.00	$1,743.90	$228,089.87
Jun, 2029	76	$950.37	$418.52	$375.00	$1,743.90	$227,671.35
Jul, 2029	77	$948.63	$420.26	$375.00	$1,743.90	$227,251.08
Aug, 2029	78	$946.88	$422.02	$375.00	$1,743.90	$226,829.07
Sep, 2029	79	$945.12	$423.77	$375.00	$1,743.90	$226,405.29
Oct, 2029	80	$943.36	$425.54	$375.00	$1,743.90	$225,979.75
Nov, 2029	81	$941.58	$427.31	$375.00	$1,743.90	$225,552.44
Dec, 2029	82	$939.80	$429.09	$375.00	$1,743.90	$225,123.35
Jan, 2030	83	$938.01	$430.88	$375.00	$1,743.90	$224,692.47
Feb, 2030	84	$936.22	$432.68	$375.00	$1,743.90	$224,259.79
Mar, 2030	85	$934.42	$434.48	$375.00	$1,743.90	$223,825.31
Apr, 2030	86	$932.61	$436.29	$375.00	$1,743.90	$223,389.02
May, 2030	87	$930.79	$438.11	$375.00	$1,743.90	$222,950.91
Jun, 2030	88	$928.96	$439.93	$375.00	$1,743.90	$222,510.98
Jul, 2030	89	$927.13	$441.77	$375.00	$1,743.90	$222,069.21
Aug, 2030	90	$925.29	$443.61	$375.00	$1,743.90	$221,625.61
Sep, 2030	91	$923.44	$445.46	$375.00	$1,743.90	$221,180.15
Oct, 2030	92	$921.58	$447.31	$375.00	$1,743.90	$220,732.84
Nov, 2030	93	$919.72	$449.17	$375.00	$1,743.90	$220,283.66
Dec, 2030	94	$917.85	$451.05	$375.00	$1,743.90	$219,832.62
Jan, 2031	95	$915.97	$452.93	$375.00	$1,743.90	$219,379.69
Feb, 2031	96	$914.08	$454.81	$375.00	$1,743.90	$218,924.88
Mar, 2031	97	$912.19	$456.71	$375.00	$1,743.90	$218,468.17
Apr, 2031	98	$910.28	$458.61	$375.00	$1,743.90	$218,009.56
May, 2031	99	$908.37	$460.52	$375.00	$1,743.90	$217,549.04
Jun, 2031	100	$906.45	$462.44	$375.00	$1,743.90	$217,086.60
Jul, 2031	101	$904.53	$464.37	$375.00	$1,743.90	$216,622.23
Aug, 2031	102	$902.59	$466.30	$375.00	$1,743.90	$216,155.93
Sep, 2031	103	$900.65	$468.25	$375.00	$1,743.90	$215,687.68
Oct, 2031	104	$898.70	$470.20	$375.00	$1,743.90	$215,217.49
Nov, 2031	105	$896.74	$472.16	$375.00	$1,743.90	$214,745.33
Dec, 2031	106	$894.77	$474.12	$375.00	$1,743.90	$214,271.21
Jan, 2032	107	$892.80	$476.10	$375.00	$1,743.90	$213,795.11
Feb, 2032	108	$890.81	$478.08	$375.00	$1,743.90	$213,317.03
Mar, 2032	109	$888.82	$480.07	$375.00	$1,743.90	$212,836.95
Apr, 2032	110	$886.82	$482.07	$375.00	$1,743.90	$212,354.88
May, 2032	111	$884.81	$484.08	$375.00	$1,743.90	$211,870.79
Jun, 2032	112	$882.79	$486.10	$375.00	$1,743.90	$211,384.69
Jul, 2032	113	$880.77	$488.13	$375.00	$1,743.90	$210,896.57
Aug, 2032	114	$878.74	$490.16	$375.00	$1,743.90	$210,406.41
Sep, 2032	115	$876.69	$492.20	$375.00	$1,743.90	$209,914.21
Oct, 2032	116	$874.64	$494.25	$375.00	$1,743.90	$209,419.95
Nov, 2032	117	$872.58	$496.31	$375.00	$1,743.90	$208,923.64
Dec, 2032	118	$870.52	$498.38	$375.00	$1,743.90	$208,425.26
Jan, 2033	119	$868.44	$500.46	$375.00	$1,743.90	$207,924.81
Feb, 2033	120	$866.35	$502.54	$375.00	$1,743.90	$207,422.26
Mar, 2033	121	$864.26	$504.64	$375.00	$1,743.90	$206,917.63
Apr, 2033	122	$862.16	$506.74	$375.00	$1,743.90	$206,410.89
May, 2033	123	$860.05	$508.85	$375.00	$1,743.90	$205,902.04
Jun, 2033	124	$857.93	$510.97	$375.00	$1,743.90	$205,391.07
Jul, 2033	125	$855.80	$513.10	$375.00	$1,743.90	$204,877.97
Aug, 2033	126	$853.66	$515.24	$375.00	$1,743.90	$204,362.73
Sep, 2033	127	$851.51	$517.38	$375.00	$1,743.90	$203,845.35
Oct, 2033	128	$849.36	$519.54	$375.00	$1,743.90	$203,325.81
Nov, 2033	129	$847.19	$521.70	$375.00	$1,743.90	$202,804.11
Dec, 2033	130	$845.02	$523.88	$375.00	$1,743.90	$202,280.23
Jan, 2034	131	$842.83	$526.06	$375.00	$1,743.90	$201,754.17
Feb, 2034	132	$840.64	$528.25	$375.00	$1,743.90	$201,225.92
Mar, 2034	133	$838.44	$530.45	$375.00	$1,743.90	$200,695.46
Apr, 2034	134	$836.23	$532.66	$375.00	$1,743.90	$200,162.80
May, 2034	135	$834.01	$534.88	$375.00	$1,743.90	$199,627.91
Jun, 2034	136	$831.78	$537.11	$375.00	$1,743.90	$199,090.80
Jul, 2034	137	$829.55	$539.35	$375.00	$1,743.90	$198,551.45
Aug, 2034	138	$827.30	$541.60	$375.00	$1,743.90	$198,009.85
Sep, 2034	139	$825.04	$543.85	$375.00	$1,743.90	$197,466.00
Oct, 2034	140	$822.78	$546.12	$375.00	$1,743.90	$196,919.88
Nov, 2034	141	$820.50	$548.40	$375.00	$1,743.90	$196,371.48
Dec, 2034	142	$818.21	$550.68	$375.00	$1,743.90	$195,820.80
Jan, 2035	143	$815.92	$552.98	$375.00	$1,743.90	$195,267.83
Feb, 2035	144	$813.62	$555.28	$375.00	$1,743.90	$194,712.55
Mar, 2035	145	$811.30	$557.59	$375.00	$1,743.90	$194,154.96
Apr, 2035	146	$808.98	$559.92	$375.00	$1,743.90	$193,595.04
May, 2035	147	$806.65	$562.25	$375.00	$1,743.90	$193,032.79
Jun, 2035	148	$804.30	$564.59	$375.00	$1,743.90	$192,468.20
Jul, 2035	149	$801.95	$566.94	$375.00	$1,743.90	$191,901.26
Aug, 2035	150	$799.59	$569.31	$375.00	$1,743.90	$191,331.95
Sep, 2035	151	$797.22	$571.68	$375.00	$1,743.90	$190,760.27
Oct, 2035	152	$794.83	$574.06	$375.00	$1,743.90	$190,186.21
Nov, 2035	153	$792.44	$576.45	$375.00	$1,743.90	$189,609.76
Dec, 2035	154	$790.04	$578.85	$375.00	$1,743.90	$189,030.90
Jan, 2036	155	$787.63	$581.27	$375.00	$1,743.90	$188,449.64
Feb, 2036	156	$785.21	$583.69	$375.00	$1,743.90	$187,865.95
Mar, 2036	157	$782.77	$586.12	$375.00	$1,743.90	$187,279.83
Apr, 2036	158	$780.33	$588.56	$375.00	$1,743.90	$186,691.26
May, 2036	159	$777.88	$591.01	$375.00	$1,743.90	$186,100.25
Jun, 2036	160	$775.42	$593.48	$375.00	$1,743.90	$185,506.77
Jul, 2036	161	$772.94	$595.95	$375.00	$1,743.90	$184,910.82
Aug, 2036	162	$770.46	$598.43	$375.00	$1,743.90	$184,312.39
Sep, 2036	163	$767.97	$600.93	$375.00	$1,743.90	$183,711.46
Oct, 2036	164	$765.46	$603.43	$375.00	$1,743.90	$183,108.03
Nov, 2036	165	$762.95	$605.95	$375.00	$1,743.90	$182,502.09
Dec, 2036	166	$760.43	$608.47	$375.00	$1,743.90	$181,893.62
Jan, 2037	167	$757.89	$611.01	$375.00	$1,743.90	$181,282.61
Feb, 2037	168	$755.34	$613.55	$375.00	$1,743.90	$180,669.06
Mar, 2037	169	$752.79	$616.11	$375.00	$1,743.90	$180,052.95
Apr, 2037	170	$750.22	$618.67	$375.00	$1,743.90	$179,434.28
May, 2037	171	$747.64	$621.25	$375.00	$1,743.90	$178,813.03
Jun, 2037	172	$745.05	$623.84	$375.00	$1,743.90	$178,189.19
Jul, 2037	173	$742.45	$626.44	$375.00	$1,743.90	$177,562.75
Aug, 2037	174	$739.84	$629.05	$375.00	$1,743.90	$176,933.69
Sep, 2037	175	$737.22	$631.67	$375.00	$1,743.90	$176,302.02
Oct, 2037	176	$734.59	$634.30	$375.00	$1,743.90	$175,667.72
Nov, 2037	177	$731.95	$636.95	$375.00	$1,743.90	$175,030.77
Dec, 2037	178	$729.29	$639.60	$375.00	$1,743.90	$174,391.17
Jan, 2038	179	$726.63	$642.27	$375.00	$1,743.90	$173,748.91
Feb, 2038	180	$723.95	$644.94	$375.00	$1,743.90	$173,103.97
Mar, 2038	181	$721.27	$647.63	$375.00	$1,743.90	$172,456.34
Apr, 2038	182	$718.57	$650.33	$375.00	$1,743.90	$171,806.01
May, 2038	183	$715.86	$653.04	$375.00	$1,743.90	$171,152.97
Jun, 2038	184	$713.14	$655.76	$375.00	$1,743.90	$170,497.22
Jul, 2038	185	$710.41	$658.49	$375.00	$1,743.90	$169,838.73
Aug, 2038	186	$707.66	$661.23	$375.00	$1,743.90	$169,177.49
Sep, 2038	187	$704.91	$663.99	$375.00	$1,743.90	$168,513.50
Oct, 2038	188	$702.14	$666.76	$375.00	$1,743.90	$167,846.75
Nov, 2038	189	$699.36	$669.53	$375.00	$1,743.90	$167,177.21
Dec, 2038	190	$696.57	$672.32	$375.00	$1,743.90	$166,504.89
Jan, 2039	191	$693.77	$675.12	$375.00	$1,743.90	$165,829.77
Feb, 2039	192	$690.96	$677.94	$375.00	$1,743.90	$165,151.83
Mar, 2039	193	$688.13	$680.76	$375.00	$1,743.90	$164,471.07
Apr, 2039	194	$685.30	$683.60	$375.00	$1,743.90	$163,787.47
May, 2039	195	$682.45	$686.45	$375.00	$1,743.90	$163,101.02
Jun, 2039	196	$679.59	$689.31	$375.00	$1,743.90	$162,411.71
Jul, 2039	197	$676.72	$692.18	$375.00	$1,743.90	$161,719.53
Aug, 2039	198	$673.83	$695.06	$375.00	$1,743.90	$161,024.47
Sep, 2039	199	$670.94	$697.96	$375.00	$1,743.90	$160,326.51
Oct, 2039	200	$668.03	$700.87	$375.00	$1,743.90	$159,625.64
Nov, 2039	201	$665.11	$703.79	$375.00	$1,743.90	$158,921.85
Dec, 2039	202	$662.17	$706.72	$375.00	$1,743.90	$158,215.13
Jan, 2040	203	$659.23	$709.67	$375.00	$1,743.90	$157,505.47
Feb, 2040	204	$656.27	$712.62	$375.00	$1,743.90	$156,792.84
Mar, 2040	205	$653.30	$715.59	$375.00	$1,743.90	$156,077.25
Apr, 2040	206	$650.32	$718.57	$375.00	$1,743.90	$155,358.68
May, 2040	207	$647.33	$721.57	$375.00	$1,743.90	$154,637.11
Jun, 2040	208	$644.32	$724.57	$375.00	$1,743.90	$153,912.54
Jul, 2040	209	$641.30	$727.59	$375.00	$1,743.90	$153,184.95
Aug, 2040	210	$638.27	$730.62	$375.00	$1,743.90	$152,454.32
Sep, 2040	211	$635.23	$733.67	$375.00	$1,743.90	$151,720.65
Oct, 2040	212	$632.17	$736.73	$375.00	$1,743.90	$150,983.93
Nov, 2040	213	$629.10	$739.80	$375.00	$1,743.90	$150,244.13
Dec, 2040	214	$626.02	$742.88	$375.00	$1,743.90	$149,501.25
Jan, 2041	215	$622.92	$745.97	$375.00	$1,743.90	$148,755.28
Feb, 2041	216	$619.81	$749.08	$375.00	$1,743.90	$148,006.20
Mar, 2041	217	$616.69	$752.20	$375.00	$1,743.90	$147,254.00
Apr, 2041	218	$613.56	$755.34	$375.00	$1,743.90	$146,498.66
May, 2041	219	$610.41	$758.48	$375.00	$1,743.90	$145,740.17
Jun, 2041	220	$607.25	$761.64	$375.00	$1,743.90	$144,978.53
Jul, 2041	221	$604.08	$764.82	$375.00	$1,743.90	$144,213.71
Aug, 2041	222	$600.89	$768.00	$375.00	$1,743.90	$143,445.71
Sep, 2041	223	$597.69	$771.20	$375.00	$1,743.90	$142,674.50
Oct, 2041	224	$594.48	$774.42	$375.00	$1,743.90	$141,900.08
Nov, 2041	225	$591.25	$777.64	$375.00	$1,743.90	$141,122.44
Dec, 2041	226	$588.01	$780.88	$375.00	$1,743.90	$140,341.56
Jan, 2042	227	$584.76	$784.14	$375.00	$1,743.90	$139,557.42
Feb, 2042	228	$581.49	$787.41	$375.00	$1,743.90	$138,770.01
Mar, 2042	229	$578.21	$790.69	$375.00	$1,743.90	$137,979.32
Apr, 2042	230	$574.91	$793.98	$375.00	$1,743.90	$137,185.34
May, 2042	231	$571.61	$797.29	$375.00	$1,743.90	$136,388.05
Jun, 2042	232	$568.28	$800.61	$375.00	$1,743.90	$135,587.44
Jul, 2042	233	$564.95	$803.95	$375.00	$1,743.90	$134,783.49
Aug, 2042	234	$561.60	$807.30	$375.00	$1,743.90	$133,976.20
Sep, 2042	235	$558.23	$810.66	$375.00	$1,743.90	$133,165.54
Oct, 2042	236	$554.86	$814.04	$375.00	$1,743.90	$132,351.50
Nov, 2042	237	$551.46	$817.43	$375.00	$1,743.90	$131,534.07
Dec, 2042	238	$548.06	$820.84	$375.00	$1,743.90	$130,713.23
Jan, 2043	239	$544.64	$824.26	$375.00	$1,743.90	$129,888.97
Feb, 2043	240	$541.20	$827.69	$375.00	$1,743.90	$129,061.28
Mar, 2043	241	$537.76	$831.14	$375.00	$1,743.90	$128,230.14
Apr, 2043	242	$534.29	$834.60	$375.00	$1,743.90	$127,395.54
May, 2043	243	$530.81	$838.08	$375.00	$1,743.90	$126,557.46
Jun, 2043	244	$527.32	$841.57	$375.00	$1,743.90	$125,715.89
Jul, 2043	245	$523.82	$845.08	$375.00	$1,743.90	$124,870.81
Aug, 2043	246	$520.30	$848.60	$375.00	$1,743.90	$124,022.21
Sep, 2043	247	$516.76	$852.14	$375.00	$1,743.90	$123,170.07
Oct, 2043	248	$513.21	$855.69	$375.00	$1,743.90	$122,314.39
Nov, 2043	249	$509.64	$859.25	$375.00	$1,743.90	$121,455.13
Dec, 2043	250	$506.06	$862.83	$375.00	$1,743.90	$120,592.30
Jan, 2044	251	$502.47	$866.43	$375.00	$1,743.90	$119,725.87
Feb, 2044	252	$498.86	$870.04	$375.00	$1,743.90	$118,855.84
Mar, 2044	253	$495.23	$873.66	$375.00	$1,743.90	$117,982.17
Apr, 2044	254	$491.59	$877.30	$375.00	$1,743.90	$117,104.87
May, 2044	255	$487.94	$880.96	$375.00	$1,743.90	$116,223.91
Jun, 2044	256	$484.27	$884.63	$375.00	$1,743.90	$115,339.28
Jul, 2044	257	$480.58	$888.31	$375.00	$1,743.90	$114,450.97
Aug, 2044	258	$476.88	$892.02	$375.00	$1,743.90	$113,558.95
Sep, 2044	259	$473.16	$895.73	$375.00	$1,743.90	$112,663.22
Oct, 2044	260	$469.43	$899.47	$375.00	$1,743.90	$111,763.76
Nov, 2044	261	$465.68	$903.21	$375.00	$1,743.90	$110,860.54
Dec, 2044	262	$461.92	$906.98	$375.00	$1,743.90	$109,953.57
Jan, 2045	263	$458.14	$910.76	$375.00	$1,743.90	$109,042.81
Feb, 2045	264	$454.35	$914.55	$375.00	$1,743.90	$108,128.26
Mar, 2045	265	$450.53	$918.36	$375.00	$1,743.90	$107,209.90
Apr, 2045	266	$446.71	$922.19	$375.00	$1,743.90	$106,287.71
May, 2045	267	$442.87	$926.03	$375.00	$1,743.90	$105,361.68
Jun, 2045	268	$439.01	$929.89	$375.00	$1,743.90	$104,431.80
Jul, 2045	269	$435.13	$933.76	$375.00	$1,743.90	$103,498.03
Aug, 2045	270	$431.24	$937.65	$375.00	$1,743.90	$102,560.38
Sep, 2045	271	$427.33	$941.56	$375.00	$1,743.90	$101,618.82
Oct, 2045	272	$423.41	$945.48	$375.00	$1,743.90	$100,673.34
Nov, 2045	273	$419.47	$949.42	$375.00	$1,743.90	$99,723.91
Dec, 2045	274	$415.52	$953.38	$375.00	$1,743.90	$98,770.53
Jan, 2046	275	$411.54	$957.35	$375.00	$1,743.90	$97,813.18
Feb, 2046	276	$407.55	$961.34	$375.00	$1,743.90	$96,851.84
Mar, 2046	277	$403.55	$965.35	$375.00	$1,743.90	$95,886.50
Apr, 2046	278	$399.53	$969.37	$375.00	$1,743.90	$94,917.13
May, 2046	279	$395.49	$973.41	$375.00	$1,743.90	$93,943.72
Jun, 2046	280	$391.43	$977.46	$375.00	$1,743.90	$92,966.26
Jul, 2046	281	$387.36	$981.54	$375.00	$1,743.90	$91,984.72
Aug, 2046	282	$383.27	$985.63	$375.00	$1,743.90	$90,999.10
Sep, 2046	283	$379.16	$989.73	$375.00	$1,743.90	$90,009.37
Oct, 2046	284	$375.04	$993.86	$375.00	$1,743.90	$89,015.51
Nov, 2046	285	$370.90	$998.00	$375.00	$1,743.90	$88,017.51
Dec, 2046	286	$366.74	$1,002.16	$375.00	$1,743.90	$87,015.36
Jan, 2047	287	$362.56	$1,006.33	$375.00	$1,743.90	$86,009.03
Feb, 2047	288	$358.37	$1,010.52	$375.00	$1,743.90	$84,998.50
Mar, 2047	289	$354.16	$1,014.73	$375.00	$1,743.90	$83,983.77
Apr, 2047	290	$349.93	$1,018.96	$375.00	$1,743.90	$82,964.80
May, 2047	291	$345.69	$1,023.21	$375.00	$1,743.90	$81,941.60
Jun, 2047	292	$341.42	$1,027.47	$375.00	$1,743.90	$80,914.12
Jul, 2047	293	$337.14	$1,031.75	$375.00	$1,743.90	$79,882.37
Aug, 2047	294	$332.84	$1,036.05	$375.00	$1,743.90	$78,846.32
Sep, 2047	295	$328.53	$1,040.37	$375.00	$1,743.90	$77,805.95
Oct, 2047	296	$324.19	$1,044.70	$375.00	$1,743.90	$76,761.25
Nov, 2047	297	$319.84	$1,049.06	$375.00	$1,743.90	$75,712.19
Dec, 2047	298	$315.47	$1,053.43	$375.00	$1,743.90	$74,658.76
Jan, 2048	299	$311.08	$1,057.82	$375.00	$1,743.90	$73,600.94
Feb, 2048	300	$306.67	$1,062.22	$375.00	$1,743.90	$72,538.72
Mar, 2048	301	$302.24	$1,066.65	$375.00	$1,743.90	$71,472.07
Apr, 2048	302	$297.80	$1,071.09	$375.00	$1,743.90	$70,400.97
May, 2048	303	$293.34	$1,075.56	$375.00	$1,743.90	$69,325.42
Jun, 2048	304	$288.86	$1,080.04	$375.00	$1,743.90	$68,245.38
Jul, 2048	305	$284.36	$1,084.54	$375.00	$1,743.90	$67,160.84
Aug, 2048	306	$279.84	$1,089.06	$375.00	$1,743.90	$66,071.78
Sep, 2048	307	$275.30	$1,093.60	$375.00	$1,743.90	$64,978.18
Oct, 2048	308	$270.74	$1,098.15	$375.00	$1,743.90	$63,880.03
Nov, 2048	309	$266.17	$1,102.73	$375.00	$1,743.90	$62,777.30
Dec, 2048	310	$261.57	$1,107.32	$375.00	$1,743.90	$61,669.98
Jan, 2049	311	$256.96	$1,111.94	$375.00	$1,743.90	$60,558.04
Feb, 2049	312	$252.33	$1,116.57	$375.00	$1,743.90	$59,441.47
Mar, 2049	313	$247.67	$1,121.22	$375.00	$1,743.90	$58,320.25
Apr, 2049	314	$243.00	$1,125.89	$375.00	$1,743.90	$57,194.36
May, 2049	315	$238.31	$1,130.59	$375.00	$1,743.90	$56,063.77
Jun, 2049	316	$233.60	$1,135.30	$375.00	$1,743.90	$54,928.48
Jul, 2049	317	$228.87	$1,140.03	$375.00	$1,743.90	$53,788.45
Aug, 2049	318	$224.12	$1,144.78	$375.00	$1,743.90	$52,643.67
Sep, 2049	319	$219.35	$1,149.55	$375.00	$1,743.90	$51,494.13
Oct, 2049	320	$214.56	$1,154.34	$375.00	$1,743.90	$50,339.79
Nov, 2049	321	$209.75	$1,159.15	$375.00	$1,743.90	$49,180.64
Dec, 2049	322	$204.92	$1,163.98	$375.00	$1,743.90	$48,016.67
Jan, 2050	323	$200.07	$1,168.83	$375.00	$1,743.90	$46,847.84
Feb, 2050	324	$195.20	$1,173.70	$375.00	$1,743.90	$45,674.15
Mar, 2050	325	$190.31	$1,178.59	$375.00	$1,743.90	$44,495.56
Apr, 2050	326	$185.40	$1,183.50	$375.00	$1,743.90	$43,312.06
May, 2050	327	$180.47	$1,188.43	$375.00	$1,743.90	$42,123.63
Jun, 2050	328	$175.52	$1,193.38	$375.00	$1,743.90	$40,930.25
Jul, 2050	329	$170.54	$1,198.35	$375.00	$1,743.90	$39,731.90
Aug, 2050	330	$165.55	$1,203.35	$375.00	$1,743.90	$38,528.56
Sep, 2050	331	$160.54	$1,208.36	$375.00	$1,743.90	$37,320.20
Oct, 2050	332	$155.50	$1,213.39	$375.00	$1,743.90	$36,106.80
Nov, 2050	333	$150.45	$1,218.45	$375.00	$1,743.90	$34,888.35
Dec, 2050	334	$145.37	$1,223.53	$375.00	$1,743.90	$33,664.83
Jan, 2051	335	$140.27	$1,228.63	$375.00	$1,743.90	$32,436.20
Feb, 2051	336	$135.15	$1,233.74	$375.00	$1,743.90	$31,202.46
Mar, 2051	337	$130.01	$1,238.88	$375.00	$1,743.90	$29,963.57
Apr, 2051	338	$124.85	$1,244.05	$375.00	$1,743.90	$28,719.52
May, 2051	339	$119.66	$1,249.23	$375.00	$1,743.90	$27,470.29
Jun, 2051	340	$114.46	$1,254.44	$375.00	$1,743.90	$26,215.86
Jul, 2051	341	$109.23	$1,259.66	$375.00	$1,743.90	$24,956.20
Aug, 2051	342	$103.98	$1,264.91	$375.00	$1,743.90	$23,691.29
Sep, 2051	343	$98.71	$1,270.18	$375.00	$1,743.90	$22,421.10
Oct, 2051	344	$93.42	$1,275.47	$375.00	$1,743.90	$21,145.63
Nov, 2051	345	$88.11	$1,280.79	$375.00	$1,743.90	$19,864.84
Dec, 2051	346	$82.77	$1,286.12	$375.00	$1,743.90	$18,578.72
Jan, 2052	347	$77.41	$1,291.48	$375.00	$1,743.90	$17,287.23
Feb, 2052	348	$72.03	$1,296.87	$375.00	$1,743.90	$15,990.37
Mar, 2052	349	$66.63	$1,302.27	$375.00	$1,743.90	$14,688.10
Apr, 2052	350	$61.20	$1,307.69	$375.00	$1,743.90	$13,380.40
May, 2052	351	$55.75	$1,313.14	$375.00	$1,743.90	$12,067.26
Jun, 2052	352	$50.28	$1,318.61	$375.00	$1,743.90	$10,748.65
Jul, 2052	353	$44.79	$1,324.11	$375.00	$1,743.90	$9,424.54
Aug, 2052	354	$39.27	$1,329.63	$375.00	$1,743.90	$8,094.91
Sep, 2052	355	$33.73	$1,335.17	$375.00	$1,743.90	$6,759.74
Oct, 2052	356	$28.17	$1,340.73	$375.00	$1,743.90	$5,419.02
Nov, 2052	357	$22.58	$1,346.32	$375.00	$1,743.90	$4,072.70
Dec, 2052	358	$16.97	$1,351.93	$375.00	$1,743.90	$2,720.77
Jan, 2053	359	$11.34	$1,357.56	$375.00	$1,743.90	$1,363.22
Feb, 2053	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		$116,945.19
Total Payment		$677,583.50		$610,979.32
Total Savings		$0		$66,604.18
Payoff Date		Feb, 2053		May, 2048

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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