Loan Calculator with Extra Payments

Enter Values
$2,500.00
5.500%
5
2/10/2045

Loan Amount
Annual Interest Rate
Loan Period in Years
Start Date of Loan
Optional Extra Payments

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48

Payment
Date
3/10/2045 $
4/10/2045
5/10/2045
6/10/2045
7/10/2045
8/10/2045
9/10/2045
10/10/2045
11/10/2045
12/10/2045
1/10/2046
2/10/2046
3/10/2046
4/10/2046
5/10/2046
6/10/2046
7/10/2046
8/10/2046
9/10/2046
10/10/2046
11/10/2046
12/10/2046
1/10/2047
2/10/2047
3/10/2047
4/10/2047
5/10/2047
6/10/2047
7/10/2047
8/10/2047
9/10/2047
10/10/2047
11/10/2047
12/10/2047
1/10/2048
2/10/2048
3/10/2048
4/10/2048
5/10/2048
6/10/2048
7/10/2048
8/10/2048
9/10/2048
10/10/2048
11/10/2048
12/10/2048
1/10/2049
2/10/2049

Must be between 1 and 30 years.

If your extra payments vary, enter them in the table below.

Scheduled Monthly Payment

Scheduled Number of Payments
Actual Number of Payments
Total Early Payments
Total Interest

No.

Instructions

$
$

Beginning
Balance
2,500.00
2,463.71
2,427.24
2,390.62
2,353.82
2,316.86
2,279.72
2,242.42
2,204.94
2,167.30
2,129.48
2,091.48
2,053.32
2,014.97
1,976.46
1,937.76
1,898.89
1,859.84
1,820.61
1,781.20
1,741.62
1,701.85
1,661.89
1,621.76
1,581.44
1,540.93
1,500.24
1,459.36
1,418.30
1,377.05
1,335.61
1,293.98
1,252.15
1,210.14
1,167.93
1,125.53
1,082.94
1,040.15
997.16
953.98
910.60
867.02
823.24
779.26
735.08
690.70
646.11
601.32

47.75
60
60
365.17
Scheduled
Payment

47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75

Extra
Payment
$

Total
Payment
$

47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75

Principal
$

36.29
36.46
36.63
36.80
36.96
37.13
37.30
37.48
37.65
37.82
37.99
38.17
38.34
38.52
38.69
38.87
39.05
39.23
39.41
39.59
39.77
39.95
40.14
40.32
40.50
40.69
40.88
41.06
41.25
41.44
41.63
41.82
42.01
42.21
42.40
42.59
42.79
42.99
43.18
43.38
43.58
43.78
43.98
44.18
44.38
44.59
44.79
45.00

Ending
Balance

Interest
$

11.46
11.29
11.12
10.96
10.79
10.62
10.45
10.28
10.11
9.93
9.76
9.59
9.41
9.24
9.06
8.88
8.70
8.52
8.34
8.16
7.98
7.80
7.62
7.43
7.25
7.06
6.88
6.69
6.50
6.31
6.12
5.93
5.74
5.55
5.35
5.16
4.96
4.77
4.57
4.37
4.17
3.97
3.77
3.57
3.37
3.17
2.96
2.76

2,463.71
2,427.24
2,390.62
2,353.82
2,316.86
2,279.72
2,242.42
2,204.94
2,167.30
2,129.48
2,091.48
2,053.32
2,014.97
1,976.46
1,937.76
1,898.89
1,859.84
1,820.61
1,781.20
1,741.62
1,701.85
1,661.89
1,621.76
1,581.44
1,540.93
1,500.24
1,459.36
1,418.30
1,377.05
1,335.61
1,293.98
1,252.15
1,210.14
1,167.93
1,125.53
1,082.94
1,040.15
997.16
953.98
910.60
867.02
823.24
779.26
735.08
690.70
646.11
601.32
556.32

No.
49
50
51
52
53
54
55
56
57
58
59
60

Payment
Date
3/10/2049
4/10/2049
5/10/2049
6/10/2049
7/10/2049
8/10/2049
9/10/2049
10/10/2049
11/10/2049
12/10/2049
1/10/2050
2/10/2050

Beginning
Balance
556.32
511.12
465.71
420.09
374.26
328.23
281.98
235.52
188.84
141.96
94.85
47.54

Scheduled
Payment
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75

Extra
Payment
-

Total
Payment

Principal

47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75
47.75

45.20
45.41
45.62
45.83
46.04
46.25
46.46
46.67
46.89
47.10
47.32
47.54

Interest
2.55
2.34
2.13
1.93
1.72
1.50
1.29
1.08
0.87
0.65
0.43
0.22

Ending
Balance
511.12
465.71
420.09
374.26
328.23
281.98
235.52
188.84
141.96
94.85
47.54
0.00