Basic Mortgage Payment Calculator
- Calculates monthly payments based on loan amount, interest rate, and term
- Essential for quick estimates of mortgage costs
Extra Payment Mortgage Calculator
See how extra monthly payments or a lump sum can shorten your loan and cut interest — results update instantly.
What is an Extra Payment Mortgage Calculator?
An extra payment mortgage calculator helps you see how making additional payments on your mortgage can save you money and reduce your loan term. By calculating the impact of extra payments, you can visualize how even small additional amounts applied to your principal can significantly decrease the total interest paid over the life of your loan and help you become mortgage-free sooner.
Making extra payments toward your mortgage principal can be a powerful financial strategy. When you pay more than your required monthly payment, the additional amount goes directly toward reducing your loan balance, which means less interest accrues over time. This calculator allows you to experiment with different payment scenarios to find an approach that fits your budget while maximizing your long-term savings.
Reduced Interest Costs
Making extra payments can save you thousands of dollars in interest over the life of your loan.
Shortened Loan Term
Extra payments can cut years off your mortgage. Even an additional $50 per month on a 30-year mortgage can reduce your payment time by nearly 2 years.
Flexible Payment Options
You can make one-time lump sum payments, regular monthly extra payments, or biweekly payments to accelerate your mortgage payoff.
Earlier Financial Freedom
Paying off your mortgage faster means achieving debt freedom sooner, giving you more financial flexibility for other goals like retirement or education funding.
Payoff Milestone
Your original 30-year schedule vs. your new payoff date with extra payments applied.
Month 0New payoff: month 360Original term end: month 360
Paid down with extra payments Time saved off the original term
Time Saved
None yet
add extra payments above
Interest Saved
$0
vs. standard schedule
New Payoff Date
September 2056
vs. September 2056 standard
1Loan Details
2Extra Payments
Extra amount added to every monthly payment, applied to principal.
12 = after one year. Enter 0 to skip — if 0, the lump sum amount is ignored.
3Loan Start Date
Defaults to today. Enter a past date to see what your payoff date would have looked like from when the loan actually began.
Your Loan Summary
New Payoff Date
September 2056
Same as standard schedule
Interest Savings
$0
vs. standard schedule
Total Savings
$0
reduced interest cost
Payoff Time
30 years
vs. 30 years standard
Payment Distribution
How your recurring monthly outlay splits between the standard payment and your extra monthly payment (lump sums are one-time and shown separately).
Payment Comparison
| Standard Schedule | With Extra Payments | |
|---|---|---|
| Monthly Payment | $1,580 | $1,580 |
| Loan Term | 30 years | 30 years |
| Total Interest Paid | $318,861 | $318,861 |
| Total Amount Paid | $568,861 | $568,861 |
| Payoff Date | September 2056 | September 2056 |
Amortization Schedule (with extra payments)
| Month | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $226 | $1,354 | $249,774 |
| 2 | $227 | $1,353 | $249,547 |
| 3 | $228 | $1,352 | $249,318 |
| 4 | $230 | $1,350 | $249,089 |
| 5 | $231 | $1,349 | $248,858 |
| 6 | $232 | $1,348 | $248,625 |
| 7 | $233 | $1,347 | $248,392 |
| 8 | $235 | $1,345 | $248,157 |
| 9 | $236 | $1,344 | $247,921 |
| 10 | $237 | $1,343 | $247,684 |
| 11 | $239 | $1,342 | $247,446 |
| 12 | $240 | $1,340 | $247,206 |
| 13 | $241 | $1,339 | $246,965 |
| 14 | $242 | $1,338 | $246,722 |
| 15 | $244 | $1,336 | $246,478 |
| 16 | $245 | $1,335 | $246,233 |
| 17 | $246 | $1,334 | $245,987 |
| 18 | $248 | $1,332 | $245,739 |
| 19 | $249 | $1,331 | $245,490 |
| 20 | $250 | $1,330 | $245,240 |
| 21 | $252 | $1,328 | $244,988 |
| 22 | $253 | $1,327 | $244,735 |
| 23 | $255 | $1,326 | $244,480 |
| 24 | $256 | $1,324 | $244,224 |
| 25 | $257 | $1,323 | $243,967 |
| 26 | $259 | $1,321 | $243,708 |
| 27 | $260 | $1,320 | $243,448 |
| 28 | $261 | $1,319 | $243,187 |
| 29 | $263 | $1,317 | $242,924 |
| 30 | $264 | $1,316 | $242,659 |
| 31 | $266 | $1,314 | $242,394 |
| 32 | $267 | $1,313 | $242,126 |
| 33 | $269 | $1,312 | $241,858 |
| 34 | $270 | $1,310 | $241,588 |
| 35 | $272 | $1,309 | $241,316 |
| 36 | $273 | $1,307 | $241,043 |
| 37 | $275 | $1,306 | $240,769 |
| 38 | $276 | $1,304 | $240,493 |
| 39 | $278 | $1,303 | $240,215 |
| 40 | $279 | $1,301 | $239,936 |
| 41 | $281 | $1,300 | $239,656 |
| 42 | $282 | $1,298 | $239,374 |
| 43 | $284 | $1,297 | $239,090 |
| 44 | $285 | $1,295 | $238,805 |
| 45 | $287 | $1,294 | $238,518 |
| 46 | $288 | $1,292 | $238,230 |
| 47 | $290 | $1,290 | $237,940 |
| 48 | $291 | $1,289 | $237,649 |
| 49 | $293 | $1,287 | $237,356 |
| 50 | $294 | $1,286 | $237,062 |
| 51 | $296 | $1,284 | $236,765 |
| 52 | $298 | $1,282 | $236,468 |
| 53 | $299 | $1,281 | $236,168 |
| 54 | $301 | $1,279 | $235,868 |
| 55 | $303 | $1,278 | $235,565 |
| 56 | $304 | $1,276 | $235,261 |
| 57 | $306 | $1,274 | $234,955 |
| 58 | $307 | $1,273 | $234,647 |
| 59 | $309 | $1,271 | $234,338 |
| 60 | $311 | $1,269 | $234,027 |
| 61 | $313 | $1,268 | $233,715 |
| 62 | $314 | $1,266 | $233,401 |
| 63 | $316 | $1,264 | $233,085 |
| 64 | $318 | $1,263 | $232,767 |
| 65 | $319 | $1,261 | $232,448 |
| 66 | $321 | $1,259 | $232,127 |
| 67 | $323 | $1,257 | $231,804 |
| 68 | $325 | $1,256 | $231,479 |
| 69 | $326 | $1,254 | $231,153 |
| 70 | $328 | $1,252 | $230,825 |
| 71 | $330 | $1,250 | $230,495 |
| 72 | $332 | $1,249 | $230,163 |
| 73 | $333 | $1,247 | $229,830 |
| 74 | $335 | $1,245 | $229,495 |
| 75 | $337 | $1,243 | $229,158 |
| 76 | $339 | $1,241 | $228,819 |
| 77 | $341 | $1,239 | $228,478 |
| 78 | $343 | $1,238 | $228,135 |
| 79 | $344 | $1,236 | $227,791 |
| 80 | $346 | $1,234 | $227,445 |
| 81 | $348 | $1,232 | $227,097 |
| 82 | $350 | $1,230 | $226,746 |
| 83 | $352 | $1,228 | $226,394 |
| 84 | $354 | $1,226 | $226,041 |
| 85 | $356 | $1,224 | $225,685 |
| 86 | $358 | $1,222 | $225,327 |
| 87 | $360 | $1,221 | $224,967 |
| 88 | $362 | $1,219 | $224,606 |
| 89 | $364 | $1,217 | $224,242 |
| 90 | $366 | $1,215 | $223,877 |
| 91 | $368 | $1,213 | $223,509 |
| 92 | $369 | $1,211 | $223,140 |
| 93 | $371 | $1,209 | $222,768 |
| 94 | $374 | $1,207 | $222,395 |
| 95 | $376 | $1,205 | $222,019 |
| 96 | $378 | $1,203 | $221,642 |
| 97 | $380 | $1,201 | $221,262 |
| 98 | $382 | $1,199 | $220,880 |
| 99 | $384 | $1,196 | $220,497 |
| 100 | $386 | $1,194 | $220,111 |
| 101 | $388 | $1,192 | $219,723 |
| 102 | $390 | $1,190 | $219,333 |
| 103 | $392 | $1,188 | $218,941 |
| 104 | $394 | $1,186 | $218,547 |
| 105 | $396 | $1,184 | $218,150 |
| 106 | $399 | $1,182 | $217,752 |
| 107 | $401 | $1,179 | $217,351 |
| 108 | $403 | $1,177 | $216,948 |
| 109 | $405 | $1,175 | $216,543 |
| 110 | $407 | $1,173 | $216,136 |
| 111 | $409 | $1,171 | $215,726 |
| 112 | $412 | $1,169 | $215,315 |
| 113 | $414 | $1,166 | $214,901 |
| 114 | $416 | $1,164 | $214,485 |
| 115 | $418 | $1,162 | $214,066 |
| 116 | $421 | $1,160 | $213,646 |
| 117 | $423 | $1,157 | $213,223 |
| 118 | $425 | $1,155 | $212,798 |
| 119 | $428 | $1,153 | $212,370 |
| 120 | $430 | $1,150 | $211,940 |
| 121 | $432 | $1,148 | $211,508 |
| 122 | $435 | $1,146 | $211,074 |
| 123 | $437 | $1,143 | $210,637 |
| 124 | $439 | $1,141 | $210,198 |
| 125 | $442 | $1,139 | $209,756 |
| 126 | $444 | $1,136 | $209,312 |
| 127 | $446 | $1,134 | $208,866 |
| 128 | $449 | $1,131 | $208,417 |
| 129 | $451 | $1,129 | $207,966 |
| 130 | $454 | $1,126 | $207,512 |
| 131 | $456 | $1,124 | $207,056 |
| 132 | $459 | $1,122 | $206,597 |
| 133 | $461 | $1,119 | $206,136 |
| 134 | $464 | $1,117 | $205,672 |
| 135 | $466 | $1,114 | $205,206 |
| 136 | $469 | $1,112 | $204,738 |
| 137 | $471 | $1,109 | $204,266 |
| 138 | $474 | $1,106 | $203,793 |
| 139 | $476 | $1,104 | $203,316 |
| 140 | $479 | $1,101 | $202,838 |
| 141 | $481 | $1,099 | $202,356 |
| 142 | $484 | $1,096 | $201,872 |
| 143 | $487 | $1,093 | $201,385 |
| 144 | $489 | $1,091 | $200,896 |
| 145 | $492 | $1,088 | $200,404 |
| 146 | $495 | $1,086 | $199,909 |
| 147 | $497 | $1,083 | $199,412 |
| 148 | $500 | $1,080 | $198,912 |
| 149 | $503 | $1,077 | $198,409 |
| 150 | $505 | $1,075 | $197,904 |
| 151 | $508 | $1,072 | $197,396 |
| 152 | $511 | $1,069 | $196,885 |
| 153 | $514 | $1,066 | $196,371 |
| 154 | $516 | $1,064 | $195,854 |
| 155 | $519 | $1,061 | $195,335 |
| 156 | $522 | $1,058 | $194,813 |
| 157 | $525 | $1,055 | $194,288 |
| 158 | $528 | $1,052 | $193,760 |
| 159 | $531 | $1,050 | $193,230 |
| 160 | $534 | $1,047 | $192,696 |
| 161 | $536 | $1,044 | $192,160 |
| 162 | $539 | $1,041 | $191,621 |
| 163 | $542 | $1,038 | $191,078 |
| 164 | $545 | $1,035 | $190,533 |
| 165 | $548 | $1,032 | $189,985 |
| 166 | $551 | $1,029 | $189,434 |
| 167 | $554 | $1,026 | $188,880 |
| 168 | $557 | $1,023 | $188,323 |
| 169 | $560 | $1,020 | $187,763 |
| 170 | $563 | $1,017 | $187,200 |
| 171 | $566 | $1,014 | $186,633 |
| 172 | $569 | $1,011 | $186,064 |
| 173 | $572 | $1,008 | $185,492 |
| 174 | $575 | $1,005 | $184,916 |
| 175 | $579 | $1,002 | $184,338 |
| 176 | $582 | $998 | $183,756 |
| 177 | $585 | $995 | $183,171 |
| 178 | $588 | $992 | $182,583 |
| 179 | $591 | $989 | $181,992 |
| 180 | $594 | $986 | $181,398 |
| 181 | $598 | $983 | $180,800 |
| 182 | $601 | $979 | $180,199 |
| 183 | $604 | $976 | $179,595 |
| 184 | $607 | $973 | $178,988 |
| 185 | $611 | $970 | $178,377 |
| 186 | $614 | $966 | $177,763 |
| 187 | $617 | $963 | $177,146 |
| 188 | $621 | $960 | $176,525 |
| 189 | $624 | $956 | $175,901 |
| 190 | $627 | $953 | $175,274 |
| 191 | $631 | $949 | $174,643 |
| 192 | $634 | $946 | $174,009 |
| 193 | $638 | $943 | $173,372 |
| 194 | $641 | $939 | $172,730 |
| 195 | $645 | $936 | $172,086 |
| 196 | $648 | $932 | $171,438 |
| 197 | $652 | $929 | $170,786 |
| 198 | $655 | $925 | $170,131 |
| 199 | $659 | $922 | $169,473 |
| 200 | $662 | $918 | $168,810 |
| 201 | $666 | $914 | $168,145 |
| 202 | $669 | $911 | $167,475 |
| 203 | $673 | $907 | $166,802 |
| 204 | $677 | $904 | $166,126 |
| 205 | $680 | $900 | $165,445 |
| 206 | $684 | $896 | $164,761 |
| 207 | $688 | $892 | $164,074 |
| 208 | $691 | $889 | $163,382 |
| 209 | $695 | $885 | $162,687 |
| 210 | $699 | $881 | $161,988 |
| 211 | $703 | $877 | $161,285 |
| 212 | $707 | $874 | $160,579 |
| 213 | $710 | $870 | $159,868 |
| 214 | $714 | $866 | $159,154 |
| 215 | $718 | $862 | $158,436 |
| 216 | $722 | $858 | $157,714 |
| 217 | $726 | $854 | $156,988 |
| 218 | $730 | $850 | $156,258 |
| 219 | $734 | $846 | $155,525 |
| 220 | $738 | $842 | $154,787 |
| 221 | $742 | $838 | $154,045 |
| 222 | $746 | $834 | $153,299 |
| 223 | $750 | $830 | $152,550 |
| 224 | $754 | $826 | $151,796 |
| 225 | $758 | $822 | $151,038 |
| 226 | $762 | $818 | $150,276 |
| 227 | $766 | $814 | $149,509 |
| 228 | $770 | $810 | $148,739 |
| 229 | $774 | $806 | $147,965 |
| 230 | $779 | $801 | $147,186 |
| 231 | $783 | $797 | $146,403 |
| 232 | $787 | $793 | $145,616 |
| 233 | $791 | $789 | $144,824 |
| 234 | $796 | $784 | $144,029 |
| 235 | $800 | $780 | $143,229 |
| 236 | $804 | $776 | $142,424 |
| 237 | $809 | $771 | $141,616 |
| 238 | $813 | $767 | $140,803 |
| 239 | $817 | $763 | $139,985 |
| 240 | $822 | $758 | $139,163 |
| 241 | $826 | $754 | $138,337 |
| 242 | $831 | $749 | $137,506 |
| 243 | $835 | $745 | $136,671 |
| 244 | $840 | $740 | $135,831 |
| 245 | $844 | $736 | $134,986 |
| 246 | $849 | $731 | $134,137 |
| 247 | $854 | $727 | $133,284 |
| 248 | $858 | $722 | $132,426 |
| 249 | $863 | $717 | $131,563 |
| 250 | $868 | $713 | $130,695 |
| 251 | $872 | $708 | $129,823 |
| 252 | $877 | $703 | $128,946 |
| 253 | $882 | $698 | $128,064 |
| 254 | $886 | $694 | $127,178 |
| 255 | $891 | $689 | $126,286 |
| 256 | $896 | $684 | $125,390 |
| 257 | $901 | $679 | $124,489 |
| 258 | $906 | $674 | $123,584 |
| 259 | $911 | $669 | $122,673 |
| 260 | $916 | $664 | $121,757 |
| 261 | $921 | $660 | $120,836 |
| 262 | $926 | $655 | $119,911 |
| 263 | $931 | $650 | $118,980 |
| 264 | $936 | $644 | $118,044 |
| 265 | $941 | $639 | $117,104 |
| 266 | $946 | $634 | $116,158 |
| 267 | $951 | $629 | $115,207 |
| 268 | $956 | $624 | $114,251 |
| 269 | $961 | $619 | $113,289 |
| 270 | $967 | $614 | $112,323 |
| 271 | $972 | $608 | $111,351 |
| 272 | $977 | $603 | $110,374 |
| 273 | $982 | $598 | $109,392 |
| 274 | $988 | $593 | $108,404 |
| 275 | $993 | $587 | $107,411 |
| 276 | $998 | $582 | $106,413 |
| 277 | $1,004 | $576 | $105,409 |
| 278 | $1,009 | $571 | $104,400 |
| 279 | $1,015 | $565 | $103,385 |
| 280 | $1,020 | $560 | $102,365 |
| 281 | $1,026 | $554 | $101,339 |
| 282 | $1,031 | $549 | $100,308 |
| 283 | $1,037 | $543 | $99,271 |
| 284 | $1,042 | $538 | $98,229 |
| 285 | $1,048 | $532 | $97,181 |
| 286 | $1,054 | $526 | $96,127 |
| 287 | $1,059 | $521 | $95,067 |
| 288 | $1,065 | $515 | $94,002 |
| 289 | $1,071 | $509 | $92,931 |
| 290 | $1,077 | $503 | $91,854 |
| 291 | $1,083 | $498 | $90,772 |
| 292 | $1,088 | $492 | $89,683 |
| 293 | $1,094 | $486 | $88,589 |
| 294 | $1,100 | $480 | $87,489 |
| 295 | $1,106 | $474 | $86,382 |
| 296 | $1,112 | $468 | $85,270 |
| 297 | $1,118 | $462 | $84,152 |
| 298 | $1,124 | $456 | $83,027 |
| 299 | $1,130 | $450 | $81,897 |
| 300 | $1,137 | $444 | $80,760 |
| 301 | $1,143 | $437 | $79,618 |
| 302 | $1,149 | $431 | $78,469 |
| 303 | $1,155 | $425 | $77,314 |
| 304 | $1,161 | $419 | $76,152 |
| 305 | $1,168 | $412 | $74,985 |
| 306 | $1,174 | $406 | $73,811 |
| 307 | $1,180 | $400 | $72,630 |
| 308 | $1,187 | $393 | $71,443 |
| 309 | $1,193 | $387 | $70,250 |
| 310 | $1,200 | $381 | $69,051 |
| 311 | $1,206 | $374 | $67,844 |
| 312 | $1,213 | $367 | $66,632 |
| 313 | $1,219 | $361 | $65,413 |
| 314 | $1,226 | $354 | $64,187 |
| 315 | $1,232 | $348 | $62,954 |
| 316 | $1,239 | $341 | $61,715 |
| 317 | $1,246 | $334 | $60,469 |
| 318 | $1,253 | $328 | $59,217 |
| 319 | $1,259 | $321 | $57,957 |
| 320 | $1,266 | $314 | $56,691 |
| 321 | $1,273 | $307 | $55,418 |
| 322 | $1,280 | $300 | $54,138 |
| 323 | $1,287 | $293 | $52,851 |
| 324 | $1,294 | $286 | $51,557 |
| 325 | $1,301 | $279 | $50,256 |
| 326 | $1,308 | $272 | $48,948 |
| 327 | $1,315 | $265 | $47,633 |
| 328 | $1,322 | $258 | $46,311 |
| 329 | $1,329 | $251 | $44,982 |
| 330 | $1,337 | $244 | $43,645 |
| 331 | $1,344 | $236 | $42,301 |
| 332 | $1,351 | $229 | $40,950 |
| 333 | $1,358 | $222 | $39,592 |
| 334 | $1,366 | $214 | $38,226 |
| 335 | $1,373 | $207 | $36,853 |
| 336 | $1,381 | $200 | $35,473 |
| 337 | $1,388 | $192 | $34,085 |
| 338 | $1,396 | $185 | $32,689 |
| 339 | $1,403 | $177 | $31,286 |
| 340 | $1,411 | $169 | $29,875 |
| 341 | $1,418 | $162 | $28,457 |
| 342 | $1,426 | $154 | $27,031 |
| 343 | $1,434 | $146 | $25,597 |
| 344 | $1,442 | $139 | $24,156 |
| 345 | $1,449 | $131 | $22,706 |
| 346 | $1,457 | $123 | $21,249 |
| 347 | $1,465 | $115 | $19,784 |
| 348 | $1,473 | $107 | $18,311 |
| 349 | $1,481 | $99 | $16,830 |
| 350 | $1,489 | $91 | $15,341 |
| 351 | $1,497 | $83 | $13,844 |
| 352 | $1,505 | $75 | $12,339 |
| 353 | $1,513 | $67 | $10,825 |
| 354 | $1,522 | $59 | $9,304 |
| 355 | $1,530 | $50 | $7,774 |
| 356 | $1,538 | $42 | $6,236 |
| 357 | $1,546 | $34 | $4,690 |
| 358 | $1,555 | $25 | $3,135 |
| 359 | $1,563 | $17 | $1,572 |
| 360 | $1,572 | $9 | $0 |
Compare Different Loan Terms
Same loan amount, rate, and extra payment inputs applied across all four standard terms.
| Loan Term | Standard Payment | Payoff Time (Extra) | Total Interest (Extra) | Interest Savings |
|---|---|---|---|---|
| 30 Years | $1,580 | 30 years | $318,861 | $0 |
| 20 Years | $1,864 | 20 years | $197,344 | $0 |
| 15 Years | $2,178 | 15 years | $141,998 | $0 |
| 10 Years | $2,839 | 10 years | $90,644 | $0 |
This Extra Payment Calculator is for illustrative purposes only and not a guarantee of actual savings or loan terms. Results are estimates based on the information provided and may not reflect your actual situation.
Recommendations & Key Insights
Interest Savings
- No extra payments are currently entered — add a monthly amount or lump sum above to see potential interest savings.
Payoff Strategy
- Try the preset scenarios above (Minimal, Moderate, Aggressive) to see how different extra-payment strategies compare.
Next Steps
Based on your scenario, here's what we'd suggest next:
- Compare a shorter standard term (below) against extra payments on your current term — sometimes one beats the other.
- Contact a Mortgage Brothers loan officer to review refinance or recasting options if you want to lock in a lower required payment.
Ready to Save on Your Mortgage?
See how much you could save with extra payments on your Arizona mortgage. Our mortgage experts can help you create a personalized payment plan that fits your budget and financial goals.
Get a Personalized Payment PlanMortgage Calculator Suite
Find the right tools to help you make informed mortgage decisions. Our collection of specialized calculators gives you a complete picture of your home financing options. Each calculator is designed to address specific aspects of the mortgage process, from estimating closing costs to calculating monthly payments.
Affordability Calculator
- Helps determine how much house you can afford based on income and debts
- Great for setting a realistic budget before house hunting
Refinance Calculator
- Compares current mortgage with potential refinance options
- Useful for deciding if refinancing makes financial sense
Rent vs. Buy Calculator
- Compares the costs of renting versus buying over time
- Helps make the big decision between renting and homeownership
Extra Payment Calculator
- Shows the impact of making additional payments on loan term and interest
- Perfect for those looking to pay off their mortgage faster
FHA Loan Calculator
- Calculates payments for FHA loans, including mortgage insurance
- Ideal for first-time homebuyers considering FHA financing
VA Loan Calculator
- Estimates payments for VA loans, factoring in the funding fee
- Great for veterans and active-duty military personnel
Down Payment Calculator
- Helps determine how much to save for a down payment
- Useful for planning and setting savings goals
Debt-to-Income Ratio Calculator
- Calculates DTI ratio to determine loan eligibility
- Important for understanding how lenders view your financial health
Home Purchase Closing Cost Calculator
- Estimates various closing costs associated with buying a home
- Helps buyers prepare for additional expenses beyond the down payment
Get Expert Advice on Your Mortgage Payment Strategy
Have questions about making extra payments on your mortgage? Our team is ready to help you create a personalized payment plan that fits your budget and maximizes your savings. Contact us today to speak with a mortgage professional who can guide you through your options and help you achieve mortgage freedom sooner.