Where every dollar of a mortgage payment goes
Amortization schedule with an extra-payment slider
In one paragraph
Type the balance, rate and months remaining from your statement. The schedule shows the payment those figures imply, total interest left, and a year-by-year table. Move the slider to add extra principal each month and the payoff date and interest saved update. Nothing is prefilled and nothing leaves your device.
Last reviewed against the primary sources listed below.
Amortize · https://mortgageinterestrates.loan/extra-payment-schedule.html · General education only; nothing you entered was stored.
How to read your result
The result compares your regular schedule with the schedule including the extra principal you entered: payoff date, months saved and interest saved.
- Payoff: when the loan ends.
- Months saved: how much sooner.
- Interest saved: total difference.
What to do next
Check your loan for prepayment terms, then tell your servicer to apply extra money to principal.
Reading the table
Each row is a year: interest paid, principal paid, and balance at year end, with your extra amount included.
Common questions about interest
How do I calculate paying off my mortgage early?
Enter your balance, rate and months left, then add an extra monthly amount. The tool shows the new payoff month and interest saved.
Is this a mortgage calculator with extra principal payment?
Yes. It builds a full schedule from your own loan figures and lets you add a monthly extra principal amount.