Mortgage Amortization Extra Payments Calculator

Managing your mortgage payments effectively is crucial for financial planning. Our Mortgage Amortization Extra Payments Calculator simplifies the process, allowing you to visualize how extra payments can impact your loan repayment.

Formula: The calculator employs standard mortgage amortization formulas, factoring in extra payments to showcase their effect on the overall repayment schedule.

How to Use:

  1. Enter the loan amount.
  2. Input the annual interest rate.
  3. Specify the loan term in years.
  4. Optionally, add any extra payments you plan to make each month.
  5. Click the “Calculate” button to see the amortization schedule.

Example: Let’s consider a $200,000 loan with a 4% interest rate and a 30-year term. If you make an additional $100 payment each month, our calculator will demonstrate how this affects your repayment timeline.


  1. Q: Can I use this calculator for any type of loan? A: While designed for mortgages, it can be adapted for other loans with fixed interest rates.
  2. Q: What happens if I don’t enter extra payments? A: The calculator will still provide a standard amortization schedule without extra payments.
  3. Q: Are the results accurate for adjustable-rate mortgages? A: No, this calculator is intended for fixed-rate mortgages.
  4. Q: Can I use it for bi-weekly payments? A: The calculator is currently configured for monthly payments only.
  5. Q: Is the interest rate compounded monthly? A: Yes, the calculator assumes monthly compounding.

Conclusion: Our Mortgage Amortization Extra Payments Calculator empowers you to make informed decisions about your mortgage. Experiment with different scenarios to find the optimal repayment strategy for your financial goals. Take control of your mortgage journey today!

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