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Mortgage Amortization Schedule with Extra Payments

Free mortgage amortization schedule calculator with extra payments. See how extra payments affect your loan payoff timeline and total interest savings with detailed amortization tables.

Loan Details
Enter your mortgage information to get accurate calculations

$300,000

20.0% of home price ($60,000)

Additional Costs
Monthly expenses beyond mortgage

$3,000

$1,200

Required if down payment < 20% ($0)

$0

Extra Payments
Pay off your mortgage faster

Monthly Payment

$1,517

Principal & Interest

Total Monthly

$1,867

Including all costs

Total Interest

$306,107

Over life of loan

Total Cost

$546,107

Principal + Interest

Payment Breakdown

Total Cost

$546,107
Over 30 years

Principal

$240,000
43.9% of total

Interest

$306,107
56.1% of total

Payment Breakdown

Principal43.9%
$240,000
Interest56.1%
$306,107
Interest vs Principal Ratio
You'll pay 56% in interest
That's $66,107 more than the original loan amount
Amortization Schedule
See how your loan balance decreases over time
YearPaymentPrincipalInterestBalance
1$1,517$217$1,300$239,783
1$1,517$230$1,287$237,317
2$1,517$246$1,271$234,455
3$1,517$262$1,255$231,401
4$1,517$280$1,237$228,143
5$1,517$298$1,219$224,666
6$1,517$318$1,199$220,957
7$1,517$340$1,177$216,999
8$1,517$362$1,155$212,776
9$1,517$387$1,130$208,270
10$1,517$413$1,104$203,463
11$1,517$440$1,077$198,333
12$1,517$470$1,047$192,860
13$1,517$501$1,016$187,021
14$1,517$535$982$180,790
15$1,517$571$946$174,142
16$1,517$609$908$167,049
17$1,517$650$867$159,481
18$1,517$693$824$151,405
19$1,517$740$777$142,790
20$1,517$789$728$133,597
21$1,517$842$675$123,788
22$1,517$898$619$113,323
23$1,517$958$559$102,156
24$1,517$1,023$494$90,242
25$1,517$1,091$426$77,530
26$1,517$1,164$353$63,967
27$1,517$1,242$275$49,495
28$1,517$1,325$192$34,054
29$1,517$1,414$103$17,579
30$1,517$1,509$8$0

Mortgage Amortization Schedule with Extra Payments

Our mortgage amortization schedule calculator with extra payments shows you exactly how additional payments can save you thousands in interest and years off your loan term. See the detailed breakdown of how extra payments are applied to your principal balance.

Extra Payment Benefits

Interest Savings:Extra payments reduce your principal balance, saving thousands in interest over the life of your loan.
Faster Payoff:Each extra payment reduces your loan term, helping you pay off your mortgage years earlier.
Flexible Payments:Make extra payments when you can afford them - monthly, annually, or as lump sums.
Detailed Amortization:See exactly how each extra payment affects your principal balance and interest payments.
Payment Scenarios:Compare different extra payment amounts to find the strategy that works best for you.
Visual Charts:See charts showing your loan balance reduction and interest savings over time.

How Extra Payments Work

Extra payments on your mortgage are applied directly to your principal balance, which reduces the amount of interest you pay over the life of your loan. Our amortization schedule calculator shows you:

  • How each extra payment reduces your principal balance
  • The total interest savings from extra payments
  • How many months or years you can save on your loan term
  • Monthly breakdown of principal vs. interest payments
  • Comparison between regular payments and payments with extra amounts
  • Optimal extra payment strategies for maximum savings