Extra Payment Calculator

Add an extra monthly payment and see exactly what it buys you: how many years come off the mortgage, how much interest you avoid, and the new payoff date. The schedule below shows every payment with the extra amount split out, so you can print it or hand it to your lender.

Interest saved by paying extra

$103,448.79

Time saved: 6 yr 11 mo
New payoff: Oct 2049
New monthly payment: $2,096.20
Total interest: $279,184.67

Loan balance: with vs. without extra payments

Scheduled With extra

Scheduled vs. accelerated payoff comparison
	Without extra	With extra
Monthly payment	$1,896.20	$2,096.20
Payoff date	Sep 2056	Oct 2049
Total interest	$382,633.47	$279,184.67

Payment schedule with extra payments

#	Date	Payment	Extra	Principal	Interest	Balance
1	Oct 2026	$2,096.20	$200.00	$471.20	$1,625.00	$299,528.80
2	Nov 2026	$2,096.20	$200.00	$473.76	$1,622.45	$299,055.04
3	Dec 2026	$2,096.20	$200.00	$476.32	$1,619.88	$298,578.72
4	Jan 2027	$2,096.20	$200.00	$478.90	$1,617.30	$298,099.81
5	Feb 2027	$2,096.20	$200.00	$481.50	$1,614.71	$297,618.32
6	Mar 2027	$2,096.20	$200.00	$484.10	$1,612.10	$297,134.21
7	Apr 2027	$2,096.20	$200.00	$486.73	$1,609.48	$296,647.49
8	May 2027	$2,096.20	$200.00	$489.36	$1,606.84	$296,158.12
9	Jun 2027	$2,096.20	$200.00	$492.01	$1,604.19	$295,666.11
10	Jul 2027	$2,096.20	$200.00	$494.68	$1,601.52	$295,171.43
11	Aug 2027	$2,096.20	$200.00	$497.36	$1,598.85	$294,674.07
12	Sep 2027	$2,096.20	$200.00	$500.05	$1,596.15	$294,174.02
13	Oct 2027	$2,096.20	$200.00	$502.76	$1,593.44	$293,671.26
14	Nov 2027	$2,096.20	$200.00	$505.48	$1,590.72	$293,165.77
15	Dec 2027	$2,096.20	$200.00	$508.22	$1,587.98	$292,657.55
16	Jan 2028	$2,096.20	$200.00	$510.98	$1,585.23	$292,146.57
17	Feb 2028	$2,096.20	$200.00	$513.74	$1,582.46	$291,632.83
18	Mar 2028	$2,096.20	$200.00	$516.53	$1,579.68	$291,116.30
19	Apr 2028	$2,096.20	$200.00	$519.32	$1,576.88	$290,596.98
20	May 2028	$2,096.20	$200.00	$522.14	$1,574.07	$290,074.84
21	Jun 2028	$2,096.20	$200.00	$524.97	$1,571.24	$289,549.88
22	Jul 2028	$2,096.20	$200.00	$527.81	$1,568.40	$289,022.07
23	Aug 2028	$2,096.20	$200.00	$530.67	$1,565.54	$288,491.40
24	Sep 2028	$2,096.20	$200.00	$533.54	$1,562.66	$287,957.86
25	Oct 2028	$2,096.20	$200.00	$536.43	$1,559.77	$287,421.42
26	Nov 2028	$2,096.20	$200.00	$539.34	$1,556.87	$286,882.09
27	Dec 2028	$2,096.20	$200.00	$542.26	$1,553.94	$286,339.83
28	Jan 2029	$2,096.20	$200.00	$545.20	$1,551.01	$285,794.63
29	Feb 2029	$2,096.20	$200.00	$548.15	$1,548.05	$285,246.48
30	Mar 2029	$2,096.20	$200.00	$551.12	$1,545.09	$284,695.36
31	Apr 2029	$2,096.20	$200.00	$554.10	$1,542.10	$284,141.26
32	May 2029	$2,096.20	$200.00	$557.11	$1,539.10	$283,584.15
33	Jun 2029	$2,096.20	$200.00	$560.12	$1,536.08	$283,024.03
34	Jul 2029	$2,096.20	$200.00	$563.16	$1,533.05	$282,460.87
35	Aug 2029	$2,096.20	$200.00	$566.21	$1,530.00	$281,894.66
36	Sep 2029	$2,096.20	$200.00	$569.27	$1,526.93	$281,325.39
37	Oct 2029	$2,096.20	$200.00	$572.36	$1,523.85	$280,753.03
38	Nov 2029	$2,096.20	$200.00	$575.46	$1,520.75	$280,177.57
39	Dec 2029	$2,096.20	$200.00	$578.58	$1,517.63	$279,599.00
40	Jan 2030	$2,096.20	$200.00	$581.71	$1,514.49	$279,017.29
41	Feb 2030	$2,096.20	$200.00	$584.86	$1,511.34	$278,432.43
42	Mar 2030	$2,096.20	$200.00	$588.03	$1,508.18	$277,844.40
43	Apr 2030	$2,096.20	$200.00	$591.21	$1,504.99	$277,253.18
44	May 2030	$2,096.20	$200.00	$594.42	$1,501.79	$276,658.77
45	Jun 2030	$2,096.20	$200.00	$597.64	$1,498.57	$276,061.13
46	Jul 2030	$2,096.20	$200.00	$600.87	$1,495.33	$275,460.26
47	Aug 2030	$2,096.20	$200.00	$604.13	$1,492.08	$274,856.13
48	Sep 2030	$2,096.20	$200.00	$607.40	$1,488.80	$274,248.73
49	Oct 2030	$2,096.20	$200.00	$610.69	$1,485.51	$273,638.04
50	Nov 2030	$2,096.20	$200.00	$614.00	$1,482.21	$273,024.04
51	Dec 2030	$2,096.20	$200.00	$617.32	$1,478.88	$272,406.72
52	Jan 2031	$2,096.20	$200.00	$620.67	$1,475.54	$271,786.05
53	Feb 2031	$2,096.20	$200.00	$624.03	$1,472.17	$271,162.02
54	Mar 2031	$2,096.20	$200.00	$627.41	$1,468.79	$270,534.61
55	Apr 2031	$2,096.20	$200.00	$630.81	$1,465.40	$269,903.80
56	May 2031	$2,096.20	$200.00	$634.23	$1,461.98	$269,269.58
57	Jun 2031	$2,096.20	$200.00	$637.66	$1,458.54	$268,631.92
58	Jul 2031	$2,096.20	$200.00	$641.11	$1,455.09	$267,990.80
59	Aug 2031	$2,096.20	$200.00	$644.59	$1,451.62	$267,346.22
60	Sep 2031	$2,096.20	$200.00	$648.08	$1,448.13	$266,698.14
61	Oct 2031	$2,096.20	$200.00	$651.59	$1,444.61	$266,046.55
62	Nov 2031	$2,096.20	$200.00	$655.12	$1,441.09	$265,391.43
63	Dec 2031	$2,096.20	$200.00	$658.67	$1,437.54	$264,732.76
64	Jan 2032	$2,096.20	$200.00	$662.23	$1,433.97	$264,070.53
65	Feb 2032	$2,096.20	$200.00	$665.82	$1,430.38	$263,404.71
66	Mar 2032	$2,096.20	$200.00	$669.43	$1,426.78	$262,735.28
67	Apr 2032	$2,096.20	$200.00	$673.05	$1,423.15	$262,062.22
68	May 2032	$2,096.20	$200.00	$676.70	$1,419.50	$261,385.52
69	Jun 2032	$2,096.20	$200.00	$680.37	$1,415.84	$260,705.16
70	Jul 2032	$2,096.20	$200.00	$684.05	$1,412.15	$260,021.11
71	Aug 2032	$2,096.20	$200.00	$687.76	$1,408.45	$259,333.35
72	Sep 2032	$2,096.20	$200.00	$691.48	$1,404.72	$258,641.87
73	Oct 2032	$2,096.20	$200.00	$695.23	$1,400.98	$257,946.64
74	Nov 2032	$2,096.20	$200.00	$698.99	$1,397.21	$257,247.65
75	Dec 2032	$2,096.20	$200.00	$702.78	$1,393.42	$256,544.87
76	Jan 2033	$2,096.20	$200.00	$706.59	$1,389.62	$255,838.28
77	Feb 2033	$2,096.20	$200.00	$710.41	$1,385.79	$255,127.87
78	Mar 2033	$2,096.20	$200.00	$714.26	$1,381.94	$254,413.61
79	Apr 2033	$2,096.20	$200.00	$718.13	$1,378.07	$253,695.48
80	May 2033	$2,096.20	$200.00	$722.02	$1,374.18	$252,973.46
81	Jun 2033	$2,096.20	$200.00	$725.93	$1,370.27	$252,247.53
82	Jul 2033	$2,096.20	$200.00	$729.86	$1,366.34	$251,517.66
83	Aug 2033	$2,096.20	$200.00	$733.82	$1,362.39	$250,783.85
84	Sep 2033	$2,096.20	$200.00	$737.79	$1,358.41	$250,046.05
85	Oct 2033	$2,096.20	$200.00	$741.79	$1,354.42	$249,304.27
86	Nov 2033	$2,096.20	$200.00	$745.81	$1,350.40	$248,558.46
87	Dec 2033	$2,096.20	$200.00	$749.85	$1,346.36	$247,808.61
88	Jan 2034	$2,096.20	$200.00	$753.91	$1,342.30	$247,054.71
89	Feb 2034	$2,096.20	$200.00	$757.99	$1,338.21	$246,296.72
90	Mar 2034	$2,096.20	$200.00	$762.10	$1,334.11	$245,534.62
91	Apr 2034	$2,096.20	$200.00	$766.22	$1,329.98	$244,768.39
92	May 2034	$2,096.20	$200.00	$770.38	$1,325.83	$243,998.02
93	Jun 2034	$2,096.20	$200.00	$774.55	$1,321.66	$243,223.47
94	Jul 2034	$2,096.20	$200.00	$778.74	$1,317.46	$242,444.73
95	Aug 2034	$2,096.20	$200.00	$782.96	$1,313.24	$241,661.77
96	Sep 2034	$2,096.20	$200.00	$787.20	$1,309.00	$240,874.56
97	Oct 2034	$2,096.20	$200.00	$791.47	$1,304.74	$240,083.10
98	Nov 2034	$2,096.20	$200.00	$795.75	$1,300.45	$239,287.34
99	Dec 2034	$2,096.20	$200.00	$800.06	$1,296.14	$238,487.28
100	Jan 2035	$2,096.20	$200.00	$804.40	$1,291.81	$237,682.88
101	Feb 2035	$2,096.20	$200.00	$808.76	$1,287.45	$236,874.12
102	Mar 2035	$2,096.20	$200.00	$813.14	$1,283.07	$236,060.99
103	Apr 2035	$2,096.20	$200.00	$817.54	$1,278.66	$235,243.45
104	May 2035	$2,096.20	$200.00	$821.97	$1,274.24	$234,421.48
105	Jun 2035	$2,096.20	$200.00	$826.42	$1,269.78	$233,595.06
106	Jul 2035	$2,096.20	$200.00	$830.90	$1,265.31	$232,764.16
107	Aug 2035	$2,096.20	$200.00	$835.40	$1,260.81	$231,928.76
108	Sep 2035	$2,096.20	$200.00	$839.92	$1,256.28	$231,088.84
109	Oct 2035	$2,096.20	$200.00	$844.47	$1,251.73	$230,244.37
110	Nov 2035	$2,096.20	$200.00	$849.05	$1,247.16	$229,395.32
111	Dec 2035	$2,096.20	$200.00	$853.65	$1,242.56	$228,541.67
112	Jan 2036	$2,096.20	$200.00	$858.27	$1,237.93	$227,683.40
113	Feb 2036	$2,096.20	$200.00	$862.92	$1,233.29	$226,820.48
114	Mar 2036	$2,096.20	$200.00	$867.59	$1,228.61	$225,952.89
115	Apr 2036	$2,096.20	$200.00	$872.29	$1,223.91	$225,080.60
116	May 2036	$2,096.20	$200.00	$877.02	$1,219.19	$224,203.58
117	Jun 2036	$2,096.20	$200.00	$881.77	$1,214.44	$223,321.81
118	Jul 2036	$2,096.20	$200.00	$886.54	$1,209.66	$222,435.27
119	Aug 2036	$2,096.20	$200.00	$891.35	$1,204.86	$221,543.92
120	Sep 2036	$2,096.20	$200.00	$896.17	$1,200.03	$220,647.75
121	Oct 2036	$2,096.20	$200.00	$901.03	$1,195.18	$219,746.72
122	Nov 2036	$2,096.20	$200.00	$905.91	$1,190.29	$218,840.81
123	Dec 2036	$2,096.20	$200.00	$910.82	$1,185.39	$217,929.99
124	Jan 2037	$2,096.20	$200.00	$915.75	$1,180.45	$217,014.24
125	Feb 2037	$2,096.20	$200.00	$920.71	$1,175.49	$216,093.53
126	Mar 2037	$2,096.20	$200.00	$925.70	$1,170.51	$215,167.84
127	Apr 2037	$2,096.20	$200.00	$930.71	$1,165.49	$214,237.12
128	May 2037	$2,096.20	$200.00	$935.75	$1,160.45	$213,301.37
129	Jun 2037	$2,096.20	$200.00	$940.82	$1,155.38	$212,360.55
130	Jul 2037	$2,096.20	$200.00	$945.92	$1,150.29	$211,414.63
131	Aug 2037	$2,096.20	$200.00	$951.04	$1,145.16	$210,463.59
132	Sep 2037	$2,096.20	$200.00	$956.19	$1,140.01	$209,507.40
133	Oct 2037	$2,096.20	$200.00	$961.37	$1,134.83	$208,546.03
134	Nov 2037	$2,096.20	$200.00	$966.58	$1,129.62	$207,579.45
135	Dec 2037	$2,096.20	$200.00	$971.82	$1,124.39	$206,607.63
136	Jan 2038	$2,096.20	$200.00	$977.08	$1,119.12	$205,630.55
137	Feb 2038	$2,096.20	$200.00	$982.37	$1,113.83	$204,648.18
138	Mar 2038	$2,096.20	$200.00	$987.69	$1,108.51	$203,660.49
139	Apr 2038	$2,096.20	$200.00	$993.04	$1,103.16	$202,667.44
140	May 2038	$2,096.20	$200.00	$998.42	$1,097.78	$201,669.02
141	Jun 2038	$2,096.20	$200.00	$1,003.83	$1,092.37	$200,665.19
142	Jul 2038	$2,096.20	$200.00	$1,009.27	$1,086.94	$199,655.92
143	Aug 2038	$2,096.20	$200.00	$1,014.73	$1,081.47	$198,641.19
144	Sep 2038	$2,096.20	$200.00	$1,020.23	$1,075.97	$197,620.96
145	Oct 2038	$2,096.20	$200.00	$1,025.76	$1,070.45	$196,595.20
146	Nov 2038	$2,096.20	$200.00	$1,031.31	$1,064.89	$195,563.89
147	Dec 2038	$2,096.20	$200.00	$1,036.90	$1,059.30	$194,526.99
148	Jan 2039	$2,096.20	$200.00	$1,042.52	$1,053.69	$193,484.47
149	Feb 2039	$2,096.20	$200.00	$1,048.16	$1,048.04	$192,436.31
150	Mar 2039	$2,096.20	$200.00	$1,053.84	$1,042.36	$191,382.47
151	Apr 2039	$2,096.20	$200.00	$1,059.55	$1,036.66	$190,322.92
152	May 2039	$2,096.20	$200.00	$1,065.29	$1,030.92	$189,257.63
153	Jun 2039	$2,096.20	$200.00	$1,071.06	$1,025.15	$188,186.57
154	Jul 2039	$2,096.20	$200.00	$1,076.86	$1,019.34	$187,109.71
155	Aug 2039	$2,096.20	$200.00	$1,082.69	$1,013.51	$186,027.02
156	Sep 2039	$2,096.20	$200.00	$1,088.56	$1,007.65	$184,938.46
157	Oct 2039	$2,096.20	$200.00	$1,094.45	$1,001.75	$183,844.01
158	Nov 2039	$2,096.20	$200.00	$1,100.38	$995.82	$182,743.62
159	Dec 2039	$2,096.20	$200.00	$1,106.34	$989.86	$181,637.28
160	Jan 2040	$2,096.20	$200.00	$1,112.34	$983.87	$180,524.95
161	Feb 2040	$2,096.20	$200.00	$1,118.36	$977.84	$179,406.58
162	Mar 2040	$2,096.20	$200.00	$1,124.42	$971.79	$178,282.17
163	Apr 2040	$2,096.20	$200.00	$1,130.51	$965.70	$177,151.66
164	May 2040	$2,096.20	$200.00	$1,136.63	$959.57	$176,015.02
165	Jun 2040	$2,096.20	$200.00	$1,142.79	$953.41	$174,872.24
166	Jul 2040	$2,096.20	$200.00	$1,148.98	$947.22	$173,723.26
167	Aug 2040	$2,096.20	$200.00	$1,155.20	$941.00	$172,568.05
168	Sep 2040	$2,096.20	$200.00	$1,161.46	$934.74	$171,406.59
169	Oct 2040	$2,096.20	$200.00	$1,167.75	$928.45	$170,238.84
170	Nov 2040	$2,096.20	$200.00	$1,174.08	$922.13	$169,064.76
171	Dec 2040	$2,096.20	$200.00	$1,180.44	$915.77	$167,884.33
172	Jan 2041	$2,096.20	$200.00	$1,186.83	$909.37	$166,697.50
173	Feb 2041	$2,096.20	$200.00	$1,193.26	$902.94	$165,504.24
174	Mar 2041	$2,096.20	$200.00	$1,199.72	$896.48	$164,304.51
175	Apr 2041	$2,096.20	$200.00	$1,206.22	$889.98	$163,098.29
176	May 2041	$2,096.20	$200.00	$1,212.75	$883.45	$161,885.54
177	Jun 2041	$2,096.20	$200.00	$1,219.32	$876.88	$160,666.21
178	Jul 2041	$2,096.20	$200.00	$1,225.93	$870.28	$159,440.29
179	Aug 2041	$2,096.20	$200.00	$1,232.57	$863.63	$158,207.72
180	Sep 2041	$2,096.20	$200.00	$1,239.25	$856.96	$156,968.47
181	Oct 2041	$2,096.20	$200.00	$1,245.96	$850.25	$155,722.51
182	Nov 2041	$2,096.20	$200.00	$1,252.71	$843.50	$154,469.81
183	Dec 2041	$2,096.20	$200.00	$1,259.49	$836.71	$153,210.31
184	Jan 2042	$2,096.20	$200.00	$1,266.31	$829.89	$151,944.00
185	Feb 2042	$2,096.20	$200.00	$1,273.17	$823.03	$150,670.82
186	Mar 2042	$2,096.20	$200.00	$1,280.07	$816.13	$149,390.75
187	Apr 2042	$2,096.20	$200.00	$1,287.00	$809.20	$148,103.75
188	May 2042	$2,096.20	$200.00	$1,293.98	$802.23	$146,809.77
189	Jun 2042	$2,096.20	$200.00	$1,300.98	$795.22	$145,508.79
190	Jul 2042	$2,096.20	$200.00	$1,308.03	$788.17	$144,200.76
191	Aug 2042	$2,096.20	$200.00	$1,315.12	$781.09	$142,885.64
192	Sep 2042	$2,096.20	$200.00	$1,322.24	$773.96	$141,563.40
193	Oct 2042	$2,096.20	$200.00	$1,329.40	$766.80	$140,234.00
194	Nov 2042	$2,096.20	$200.00	$1,336.60	$759.60	$138,897.40
195	Dec 2042	$2,096.20	$200.00	$1,343.84	$752.36	$137,553.55
196	Jan 2043	$2,096.20	$200.00	$1,351.12	$745.08	$136,202.43
197	Feb 2043	$2,096.20	$200.00	$1,358.44	$737.76	$134,843.99
198	Mar 2043	$2,096.20	$200.00	$1,365.80	$730.40	$133,478.19
199	Apr 2043	$2,096.20	$200.00	$1,373.20	$723.01	$132,104.99
200	May 2043	$2,096.20	$200.00	$1,380.64	$715.57	$130,724.36
201	Jun 2043	$2,096.20	$200.00	$1,388.11	$708.09	$129,336.24
202	Jul 2043	$2,096.20	$200.00	$1,395.63	$700.57	$127,940.61
203	Aug 2043	$2,096.20	$200.00	$1,403.19	$693.01	$126,537.42
204	Sep 2043	$2,096.20	$200.00	$1,410.79	$685.41	$125,126.62
205	Oct 2043	$2,096.20	$200.00	$1,418.43	$677.77	$123,708.19
206	Nov 2043	$2,096.20	$200.00	$1,426.12	$670.09	$122,282.07
207	Dec 2043	$2,096.20	$200.00	$1,433.84	$662.36	$120,848.23
208	Jan 2044	$2,096.20	$200.00	$1,441.61	$654.59	$119,406.62
209	Feb 2044	$2,096.20	$200.00	$1,449.42	$646.79	$117,957.20
210	Mar 2044	$2,096.20	$200.00	$1,457.27	$638.93	$116,499.93
211	Apr 2044	$2,096.20	$200.00	$1,465.16	$631.04	$115,034.77
212	May 2044	$2,096.20	$200.00	$1,473.10	$623.11	$113,561.67
213	Jun 2044	$2,096.20	$200.00	$1,481.08	$615.13	$112,080.59
214	Jul 2044	$2,096.20	$200.00	$1,489.10	$607.10	$110,591.49
215	Aug 2044	$2,096.20	$200.00	$1,497.17	$599.04	$109,094.32
216	Sep 2044	$2,096.20	$200.00	$1,505.28	$590.93	$107,589.05
217	Oct 2044	$2,096.20	$200.00	$1,513.43	$582.77	$106,075.62
218	Nov 2044	$2,096.20	$200.00	$1,521.63	$574.58	$104,553.99
219	Dec 2044	$2,096.20	$200.00	$1,529.87	$566.33	$103,024.12
220	Jan 2045	$2,096.20	$200.00	$1,538.16	$558.05	$101,485.96
221	Feb 2045	$2,096.20	$200.00	$1,546.49	$549.72	$99,939.47
222	Mar 2045	$2,096.20	$200.00	$1,554.87	$541.34	$98,384.61
223	Apr 2045	$2,096.20	$200.00	$1,563.29	$532.92	$96,821.32
224	May 2045	$2,096.20	$200.00	$1,571.76	$524.45	$95,249.57
225	Jun 2045	$2,096.20	$200.00	$1,580.27	$515.94	$93,669.30
226	Jul 2045	$2,096.20	$200.00	$1,588.83	$507.38	$92,080.47
227	Aug 2045	$2,096.20	$200.00	$1,597.43	$498.77	$90,483.03
228	Sep 2045	$2,096.20	$200.00	$1,606.09	$490.12	$88,876.95
229	Oct 2045	$2,096.20	$200.00	$1,614.79	$481.42	$87,262.16
230	Nov 2045	$2,096.20	$200.00	$1,623.53	$472.67	$85,638.63
231	Dec 2045	$2,096.20	$200.00	$1,632.33	$463.88	$84,006.30
232	Jan 2046	$2,096.20	$200.00	$1,641.17	$455.03	$82,365.13
233	Feb 2046	$2,096.20	$200.00	$1,650.06	$446.14	$80,715.07
234	Mar 2046	$2,096.20	$200.00	$1,659.00	$437.21	$79,056.07
235	Apr 2046	$2,096.20	$200.00	$1,667.98	$428.22	$77,388.09
236	May 2046	$2,096.20	$200.00	$1,677.02	$419.19	$75,711.07
237	Jun 2046	$2,096.20	$200.00	$1,686.10	$410.10	$74,024.97
238	Jul 2046	$2,096.20	$200.00	$1,695.24	$400.97	$72,329.73
239	Aug 2046	$2,096.20	$200.00	$1,704.42	$391.79	$70,625.31
240	Sep 2046	$2,096.20	$200.00	$1,713.65	$382.55	$68,911.66
241	Oct 2046	$2,096.20	$200.00	$1,722.93	$373.27	$67,188.73
242	Nov 2046	$2,096.20	$200.00	$1,732.27	$363.94	$65,456.46
243	Dec 2046	$2,096.20	$200.00	$1,741.65	$354.56	$63,714.82
244	Jan 2047	$2,096.20	$200.00	$1,751.08	$345.12	$61,963.73
245	Feb 2047	$2,096.20	$200.00	$1,760.57	$335.64	$60,203.17
246	Mar 2047	$2,096.20	$200.00	$1,770.10	$326.10	$58,433.06
247	Apr 2047	$2,096.20	$200.00	$1,779.69	$316.51	$56,653.37
248	May 2047	$2,096.20	$200.00	$1,789.33	$306.87	$54,864.04
249	Jun 2047	$2,096.20	$200.00	$1,799.02	$297.18	$53,065.02
250	Jul 2047	$2,096.20	$200.00	$1,808.77	$287.44	$51,256.25
251	Aug 2047	$2,096.20	$200.00	$1,818.57	$277.64	$49,437.68
252	Sep 2047	$2,096.20	$200.00	$1,828.42	$267.79	$47,609.26
253	Oct 2047	$2,096.20	$200.00	$1,838.32	$257.88	$45,770.94
254	Nov 2047	$2,096.20	$200.00	$1,848.28	$247.93	$43,922.67
255	Dec 2047	$2,096.20	$200.00	$1,858.29	$237.91	$42,064.38
256	Jan 2048	$2,096.20	$200.00	$1,868.36	$227.85	$40,196.02
257	Feb 2048	$2,096.20	$200.00	$1,878.48	$217.73	$38,317.55
258	Mar 2048	$2,096.20	$200.00	$1,888.65	$207.55	$36,428.89
259	Apr 2048	$2,096.20	$200.00	$1,898.88	$197.32	$34,530.01
260	May 2048	$2,096.20	$200.00	$1,909.17	$187.04	$32,620.85
261	Jun 2048	$2,096.20	$200.00	$1,919.51	$176.70	$30,701.34
262	Jul 2048	$2,096.20	$200.00	$1,929.91	$166.30	$28,771.43
263	Aug 2048	$2,096.20	$200.00	$1,940.36	$155.85	$26,831.08
264	Sep 2048	$2,096.20	$200.00	$1,950.87	$145.33	$24,880.21
265	Oct 2048	$2,096.20	$200.00	$1,961.44	$134.77	$22,918.77
266	Nov 2048	$2,096.20	$200.00	$1,972.06	$124.14	$20,946.71
267	Dec 2048	$2,096.20	$200.00	$1,982.74	$113.46	$18,963.97
268	Jan 2049	$2,096.20	$200.00	$1,993.48	$102.72	$16,970.48
269	Feb 2049	$2,096.20	$200.00	$2,004.28	$91.92	$14,966.20
270	Mar 2049	$2,096.20	$200.00	$2,015.14	$81.07	$12,951.07
271	Apr 2049	$2,096.20	$200.00	$2,026.05	$70.15	$10,925.01
272	May 2049	$2,096.20	$200.00	$2,037.03	$59.18	$8,887.99
273	Jun 2049	$2,096.20	$200.00	$2,048.06	$48.14	$6,839.93
274	Jul 2049	$2,096.20	$200.00	$2,059.15	$37.05	$4,780.77
275	Aug 2049	$2,096.20	$200.00	$2,070.31	$25.90	$2,710.46
276	Sep 2049	$2,096.20	$200.00	$2,081.52	$14.68	$628.94
277	Oct 2049	$632.35	—	$628.94	$3.41	$0.00

How extra payments shorten a mortgage

A fixed-rate mortgage is amortized so that the same payment is made every month. Interest is charged on the balance that is still outstanding, which means the lender takes its share first and only the remainder reduces what you owe. When you add extra money and have it applied to principal, the balance drops by the full extra amount. From the next month on, interest is calculated on a smaller number, so a larger share of the regular payment goes to principal as well.

That is why the effect compounds. A modest extra payment made early can remove years from the end of the loan, and every one of those removed months is a month of interest you never pay. The calculator above reports both numbers directly: time saved and interest saved.

What different extra amounts achieve

These examples use a $300,000, 30-year fixed mortgage at 6.5% and assume the extra is paid every month from the first payment:

Extra per month	New payoff	Time saved	Interest saved
$100.00	Sep 2052	4 yr	$60,994.79
$200.00	Oct 2049	6 yr 11 mo	$103,448.79
$500.00	Mar 2044	12 yr 6 mo	$179,759.08

Change the amounts in the calculator to match your own loan — the table above is only an illustration, not a quote.

Monthly, annual or one-time extra payments

Servicers accept extra money in several forms. A recurring monthly extra is the easiest to automate and is what this calculator models. A once-a-year lump sum — a bonus, tax refund or holiday gift — can produce a similar total saving, especially if you send it early in the year. A one-time principal curtailment is a single large payment, and its effect depends heavily on when it lands: the earlier it is made, the more interest it removes.

Whichever route you choose, confirm how your servicer applies the money. Some systems treat an extra amount as an early installment of next month’s bill, which does not reduce the balance and therefore does not save interest. Ask for the extra to be applied to principal, and verify the drop on your next statement.

Before you pay extra

Check for a prepayment penalty. Most US mortgages do not have one, but some loans do.
Keep an emergency fund first. Money paid into a mortgage is hard to get back quickly.
Compare the rate. If you have higher-interest debt, paying that down usually saves more.
Keep the regular payment. An extra payment should be in addition to the scheduled payment, not a replacement.
Tell your servicer. Confirm in writing or in your account settings that extra funds go to principal.

Print your accelerated schedule

The Print button above produces a clean copy of the summary and the full payment schedule, with the form, chart and buttons left out. Use Download CSV to open the same rows in Excel or Google Sheets. If you want a print-first version with payment dates and no on-screen tools, use the printable amortization schedule. For the standard month-by-month table without extra payments, see the amortization schedule calculator. To see taxes, insurance, HOA and PMI alongside the loan payment, use the mortgage calculator with taxes and insurance.

Frequently asked questions

How do extra mortgage payments work?

An extra payment is money you send on top of your required monthly payment. When you tell your lender to apply it to principal, the extra amount reduces the balance immediately, so every later month charges interest on a smaller balance. The scheduled payment stays the same, which means more of each payment goes to principal and the loan is paid off sooner.

Should I pay extra every month or once a year?

Both work. A monthly extra payment is easier to budget and compound a little earlier; a once-a-year lump sum (for example, a bonus) can be just as effective in total. What matters most is that the money is applied to principal rather than held as a credit for next month’s payment. This calculator models a recurring monthly extra payment.

How much can an extra $100 a month save?

On a $300,000, 30-year fixed mortgage at 6.5%, paying $100 extra every month pays the loan off about 4 years early and saves roughly $61,000 in interest. The exact figure depends on your rate, balance and how early in the loan you start.

Will my lender charge a penalty for paying early?

Most US mortgages have no prepayment penalty, but some loans — especially certain subprime, commercial or personal loans — do. Check your closing documents or call your servicer before committing to a large extra payment. The calculator does not model penalties.

Does the extra payment go to principal automatically?

Not always. Some servicers treat an extra amount as an early payment of next month’s bill. Ask your servicer to apply extra funds to principal, and check your statement the following month to confirm the balance dropped by the full extra amount.

Is paying off my mortgage early a good idea?

It depends on your rate, your emergency fund, higher-interest debt and your other goals. Paying extra is effectively a guaranteed return equal to your mortgage rate, but it also ties up cash in an illiquid asset. This tool is educational and is not financial advice.

Last updated: October 20, 2026