Loan & Mortgage Calculator

Monthly payment, full amortization schedule and how extra payments shorten the loan

Loan

Loan amount

Currency

Annual interest rate (%)

Term (years)

Extra payments

Extra toward principal each month

Extra amounts go straight to principal — the monthly payment stays the same but the loan ends sooner.

Monthly payment

$1,863.93

Payoff in 20y 0m · total interest $197,343.88 · total paid $447,343.20

Remaining balance

Amortization schedule

Mo	Payment	Interest	Principal	Balance
1	$1,863.93	$1,354.17	$509.77	$249,490.23
2	$1,863.93	$1,351.41	$512.53	$248,977.71
3	$1,863.93	$1,348.63	$515.30	$248,462.40
4	$1,863.93	$1,345.84	$518.09	$247,944.31
5	$1,863.93	$1,343.03	$520.90	$247,423.41
6	$1,863.93	$1,340.21	$523.72	$246,899.68
7	$1,863.93	$1,337.37	$526.56	$246,373.12
8	$1,863.93	$1,334.52	$529.41	$245,843.71
9	$1,863.93	$1,331.65	$532.28	$245,311.43
10	$1,863.93	$1,328.77	$535.16	$244,776.27
11	$1,863.93	$1,325.87	$538.06	$244,238.21
12	$1,863.93	$1,322.96	$540.98	$243,697.23
13	$1,863.93	$1,320.03	$543.91	$243,153.33
14	$1,863.93	$1,317.08	$546.85	$242,606.48
15	$1,863.93	$1,314.12	$549.81	$242,056.66
16	$1,863.93	$1,311.14	$552.79	$241,503.87
17	$1,863.93	$1,308.15	$555.79	$240,948.08
18	$1,863.93	$1,305.14	$558.80	$240,389.28
19	$1,863.93	$1,302.11	$561.82	$239,827.46
20	$1,863.93	$1,299.07	$564.87	$239,262.59
21	$1,863.93	$1,296.01	$567.93	$238,694.67
22	$1,863.93	$1,292.93	$571.00	$238,123.66
23	$1,863.93	$1,289.84	$574.10	$237,549.57
24	$1,863.93	$1,286.73	$577.21	$236,972.36
25	$1,863.93	$1,283.60	$580.33	$236,392.03
26	$1,863.93	$1,280.46	$583.48	$235,808.55
27	$1,863.93	$1,277.30	$586.64	$235,221.91
28	$1,863.93	$1,274.12	$589.81	$234,632.10
29	$1,863.93	$1,270.92	$593.01	$234,039.09
30	$1,863.93	$1,267.71	$596.22	$233,442.87
31	$1,863.93	$1,264.48	$599.45	$232,843.42
32	$1,863.93	$1,261.24	$602.70	$232,240.72
33	$1,863.93	$1,257.97	$605.96	$231,634.76
34	$1,863.93	$1,254.69	$609.24	$231,025.51
35	$1,863.93	$1,251.39	$612.54	$230,412.97
36	$1,863.93	$1,248.07	$615.86	$229,797.11
37	$1,863.93	$1,244.73	$619.20	$229,177.91
38	$1,863.93	$1,241.38	$622.55	$228,555.36
39	$1,863.93	$1,238.01	$625.92	$227,929.43
40	$1,863.93	$1,234.62	$629.32	$227,300.12
41	$1,863.93	$1,231.21	$632.72	$226,667.39
42	$1,863.93	$1,227.78	$636.15	$226,031.24
43	$1,863.93	$1,224.34	$639.60	$225,391.64
44	$1,863.93	$1,220.87	$643.06	$224,748.58
45	$1,863.93	$1,217.39	$646.54	$224,102.04
46	$1,863.93	$1,213.89	$650.05	$223,451.99
47	$1,863.93	$1,210.36	$653.57	$222,798.42
48	$1,863.93	$1,206.82	$657.11	$222,141.32
49	$1,863.93	$1,203.27	$660.67	$221,480.65
50	$1,863.93	$1,199.69	$664.25	$220,816.40
51	$1,863.93	$1,196.09	$667.84	$220,148.56
52	$1,863.93	$1,192.47	$671.46	$219,477.10
53	$1,863.93	$1,188.83	$675.10	$218,802.00
54	$1,863.93	$1,185.18	$678.76	$218,123.24
55	$1,863.93	$1,181.50	$682.43	$217,440.81
56	$1,863.93	$1,177.80	$686.13	$216,754.68
57	$1,863.93	$1,174.09	$689.84	$216,064.84
58	$1,863.93	$1,170.35	$693.58	$215,371.26
59	$1,863.93	$1,166.59	$697.34	$214,673.92
60	$1,863.93	$1,162.82	$701.12	$213,972.80
61	$1,863.93	$1,159.02	$704.91	$213,267.89
62	$1,863.93	$1,155.20	$708.73	$212,559.16
63	$1,863.93	$1,151.36	$712.57	$211,846.59
64	$1,863.93	$1,147.50	$716.43	$211,130.16
65	$1,863.93	$1,143.62	$720.31	$210,409.84
66	$1,863.93	$1,139.72	$724.21	$209,685.63
67	$1,863.93	$1,135.80	$728.14	$208,957.50
68	$1,863.93	$1,131.85	$732.08	$208,225.42
69	$1,863.93	$1,127.89	$736.05	$207,489.37
70	$1,863.93	$1,123.90	$740.03	$206,749.34
71	$1,863.93	$1,119.89	$744.04	$206,005.30
72	$1,863.93	$1,115.86	$748.07	$205,257.23
73	$1,863.93	$1,111.81	$752.12	$204,505.10
74	$1,863.93	$1,107.74	$756.20	$203,748.91
75	$1,863.93	$1,103.64	$760.29	$202,988.61
76	$1,863.93	$1,099.52	$764.41	$202,224.20
77	$1,863.93	$1,095.38	$768.55	$201,455.65
78	$1,863.93	$1,091.22	$772.71	$200,682.94
79	$1,863.93	$1,087.03	$776.90	$199,906.04
80	$1,863.93	$1,082.82	$781.11	$199,124.93
81	$1,863.93	$1,078.59	$785.34	$198,339.59
82	$1,863.93	$1,074.34	$789.59	$197,550.00
83	$1,863.93	$1,070.06	$793.87	$196,756.13
84	$1,863.93	$1,065.76	$798.17	$195,957.95
85	$1,863.93	$1,061.44	$802.49	$195,155.46
86	$1,863.93	$1,057.09	$806.84	$194,348.62
87	$1,863.93	$1,052.72	$811.21	$193,537.41
88	$1,863.93	$1,048.33	$815.61	$192,721.80
89	$1,863.93	$1,043.91	$820.02	$191,901.78
90	$1,863.93	$1,039.47	$824.46	$191,077.32
91	$1,863.93	$1,035.00	$828.93	$190,248.39
92	$1,863.93	$1,030.51	$833.42	$189,414.96
93	$1,863.93	$1,026.00	$837.94	$188,577.03
94	$1,863.93	$1,021.46	$842.47	$187,734.56
95	$1,863.93	$1,016.90	$847.04	$186,887.52
96	$1,863.93	$1,012.31	$851.63	$186,035.89
97	$1,863.93	$1,007.69	$856.24	$185,179.65
98	$1,863.93	$1,003.06	$860.88	$184,318.78
99	$1,863.93	$998.39	$865.54	$183,453.24
100	$1,863.93	$993.71	$870.23	$182,583.01
101	$1,863.93	$988.99	$874.94	$181,708.07
102	$1,863.93	$984.25	$879.68	$180,828.39
103	$1,863.93	$979.49	$884.45	$179,943.94
104	$1,863.93	$974.70	$889.24	$179,054.71
105	$1,863.93	$969.88	$894.05	$178,160.65
106	$1,863.93	$965.04	$898.90	$177,261.76
107	$1,863.93	$960.17	$903.76	$176,357.99
108	$1,863.93	$955.27	$908.66	$175,449.33
109	$1,863.93	$950.35	$913.58	$174,535.75
110	$1,863.93	$945.40	$918.53	$173,617.22
111	$1,863.93	$940.43	$923.51	$172,693.71
112	$1,863.93	$935.42	$928.51	$171,765.20
113	$1,863.93	$930.39	$933.54	$170,831.67
114	$1,863.93	$925.34	$938.59	$169,893.07
115	$1,863.93	$920.25	$943.68	$168,949.39
116	$1,863.93	$915.14	$948.79	$168,000.60
117	$1,863.93	$910.00	$953.93	$167,046.67
118	$1,863.93	$904.84	$959.10	$166,087.58
119	$1,863.93	$899.64	$964.29	$165,123.28
120	$1,863.93	$894.42	$969.52	$164,153.77
121	$1,863.93	$889.17	$974.77	$163,179.00
122	$1,863.93	$883.89	$980.05	$162,198.96
123	$1,863.93	$878.58	$985.36	$161,213.60
124	$1,863.93	$873.24	$990.69	$160,222.91
125	$1,863.93	$867.87	$996.06	$159,226.85
126	$1,863.93	$862.48	$1,001.45	$158,225.40
127	$1,863.93	$857.05	$1,006.88	$157,218.52
128	$1,863.93	$851.60	$1,012.33	$156,206.18
129	$1,863.93	$846.12	$1,017.82	$155,188.37
130	$1,863.93	$840.60	$1,023.33	$154,165.04
131	$1,863.93	$835.06	$1,028.87	$153,136.17
132	$1,863.93	$829.49	$1,034.45	$152,101.72
133	$1,863.93	$823.88	$1,040.05	$151,061.67
134	$1,863.93	$818.25	$1,045.68	$150,015.99
135	$1,863.93	$812.59	$1,051.35	$148,964.64
136	$1,863.93	$806.89	$1,057.04	$147,907.60
137	$1,863.93	$801.17	$1,062.77	$146,844.84
138	$1,863.93	$795.41	$1,068.52	$145,776.31
139	$1,863.93	$789.62	$1,074.31	$144,702.00
140	$1,863.93	$783.80	$1,080.13	$143,621.87
141	$1,863.93	$777.95	$1,085.98	$142,535.89
142	$1,863.93	$772.07	$1,091.86	$141,444.03
143	$1,863.93	$766.16	$1,097.78	$140,346.25
144	$1,863.93	$760.21	$1,103.72	$139,242.53
145	$1,863.93	$754.23	$1,109.70	$138,132.82
146	$1,863.93	$748.22	$1,115.71	$137,017.11
147	$1,863.93	$742.18	$1,121.76	$135,895.35
148	$1,863.93	$736.10	$1,127.83	$134,767.52
149	$1,863.93	$729.99	$1,133.94	$133,633.58
150	$1,863.93	$723.85	$1,140.08	$132,493.49
151	$1,863.93	$717.67	$1,146.26	$131,347.23
152	$1,863.93	$711.46	$1,152.47	$130,194.77
153	$1,863.93	$705.22	$1,158.71	$129,036.05
154	$1,863.93	$698.95	$1,164.99	$127,871.07
155	$1,863.93	$692.63	$1,171.30	$126,699.77
156	$1,863.93	$686.29	$1,177.64	$125,522.13
157	$1,863.93	$679.91	$1,184.02	$124,338.10
158	$1,863.93	$673.50	$1,190.43	$123,147.67
159	$1,863.93	$667.05	$1,196.88	$121,950.79
160	$1,863.93	$660.57	$1,203.37	$120,747.42
161	$1,863.93	$654.05	$1,209.88	$119,537.54
162	$1,863.93	$647.49	$1,216.44	$118,321.10
163	$1,863.93	$640.91	$1,223.03	$117,098.07
164	$1,863.93	$634.28	$1,229.65	$115,868.42
165	$1,863.93	$627.62	$1,236.31	$114,632.11
166	$1,863.93	$620.92	$1,243.01	$113,389.10
167	$1,863.93	$614.19	$1,249.74	$112,139.36
168	$1,863.93	$607.42	$1,256.51	$110,882.85
169	$1,863.93	$600.62	$1,263.32	$109,619.53
170	$1,863.93	$593.77	$1,270.16	$108,349.37
171	$1,863.93	$586.89	$1,277.04	$107,072.33
172	$1,863.93	$579.98	$1,283.96	$105,788.37
173	$1,863.93	$573.02	$1,290.91	$104,497.46
174	$1,863.93	$566.03	$1,297.90	$103,199.55
175	$1,863.93	$559.00	$1,304.94	$101,894.62
176	$1,863.93	$551.93	$1,312.00	$100,582.61
177	$1,863.93	$544.82	$1,319.11	$99,263.50
178	$1,863.93	$537.68	$1,326.26	$97,937.25
179	$1,863.93	$530.49	$1,333.44	$96,603.81
180	$1,863.93	$523.27	$1,340.66	$95,263.15
181	$1,863.93	$516.01	$1,347.92	$93,915.22
182	$1,863.93	$508.71	$1,355.23	$92,560.00
183	$1,863.93	$501.37	$1,362.57	$91,197.43
184	$1,863.93	$493.99	$1,369.95	$89,827.48
185	$1,863.93	$486.57	$1,377.37	$88,450.12
186	$1,863.93	$479.10	$1,384.83	$87,065.29
187	$1,863.93	$471.60	$1,392.33	$85,672.96
188	$1,863.93	$464.06	$1,399.87	$84,273.09
189	$1,863.93	$456.48	$1,407.45	$82,865.63
190	$1,863.93	$448.86	$1,415.08	$81,450.56
191	$1,863.93	$441.19	$1,422.74	$80,027.81
192	$1,863.93	$433.48	$1,430.45	$78,597.37
193	$1,863.93	$425.74	$1,438.20	$77,159.17
194	$1,863.93	$417.95	$1,445.99	$75,713.18
195	$1,863.93	$410.11	$1,453.82	$74,259.36
196	$1,863.93	$402.24	$1,461.69	$72,797.67
197	$1,863.93	$394.32	$1,469.61	$71,328.06
198	$1,863.93	$386.36	$1,477.57	$69,850.48
199	$1,863.93	$378.36	$1,485.58	$68,364.91
200	$1,863.93	$370.31	$1,493.62	$66,871.28
201	$1,863.93	$362.22	$1,501.71	$65,369.57
202	$1,863.93	$354.09	$1,509.85	$63,859.72
203	$1,863.93	$345.91	$1,518.03	$62,341.70
204	$1,863.93	$337.68	$1,526.25	$60,815.45
205	$1,863.93	$329.42	$1,534.52	$59,280.93
206	$1,863.93	$321.11	$1,542.83	$57,738.10
207	$1,863.93	$312.75	$1,551.18	$56,186.92
208	$1,863.93	$304.35	$1,559.59	$54,627.33
209	$1,863.93	$295.90	$1,568.03	$53,059.30
210	$1,863.93	$287.40	$1,576.53	$51,482.77
211	$1,863.93	$278.87	$1,585.07	$49,897.70
212	$1,863.93	$270.28	$1,593.65	$48,304.05
213	$1,863.93	$261.65	$1,602.29	$46,701.76
214	$1,863.93	$252.97	$1,610.96	$45,090.80
215	$1,863.93	$244.24	$1,619.69	$43,471.11
216	$1,863.93	$235.47	$1,628.46	$41,842.64
217	$1,863.93	$226.65	$1,637.29	$40,205.36
218	$1,863.93	$217.78	$1,646.15	$38,559.20
219	$1,863.93	$208.86	$1,655.07	$36,904.13
220	$1,863.93	$199.90	$1,664.04	$35,240.10
221	$1,863.93	$190.88	$1,673.05	$33,567.05
222	$1,863.93	$181.82	$1,682.11	$31,884.94
223	$1,863.93	$172.71	$1,691.22	$30,193.71
224	$1,863.93	$163.55	$1,700.38	$28,493.33
225	$1,863.93	$154.34	$1,709.59	$26,783.74
226	$1,863.93	$145.08	$1,718.85	$25,064.88
227	$1,863.93	$135.77	$1,728.16	$23,336.72
228	$1,863.93	$126.41	$1,737.53	$21,599.19
229	$1,863.93	$117.00	$1,746.94	$19,852.25
230	$1,863.93	$107.53	$1,756.40	$18,095.85
231	$1,863.93	$98.02	$1,765.91	$16,329.94
232	$1,863.93	$88.45	$1,775.48	$14,554.46
233	$1,863.93	$78.84	$1,785.10	$12,769.37
234	$1,863.93	$69.17	$1,794.77	$10,974.60
235	$1,863.93	$59.45	$1,804.49	$9,170.11
236	$1,863.93	$49.67	$1,814.26	$7,355.85
237	$1,863.93	$39.84	$1,824.09	$5,531.76
238	$1,863.93	$29.96	$1,833.97	$3,697.79
239	$1,863.93	$20.03	$1,843.90	$1,853.89
240	$1,863.93	$10.04	$1,853.89	$0.00

Examples

Typical mortgage

Input

250,000 · 6.5% · 20 years

Output

Payment ≈ 1,865/mo · Total interest ≈ 197,600 · Payoff 240 months

Early payments are mostly interest — the schedule shows the split line by line.

Extra 200/month

Input

Same loan + 200 extra

Output

≈ 2 years earlier · ≈ 23,000 interest saved

Extras shorten the term instead of changing the payment — the tool quantifies both.

About this tool

The monthly payment comes from the standard annuity formula; everything after that is a month-by-month simulation of the amortization schedule — interest on the remaining balance, principal from what's left, extras going straight to principal.

Because the schedule is simulated, extra payments show their real effect: fewer months, less interest, with both figures reported explicitly and the balance curve overlaid against the no-extras baseline.

How to use

Enter loan terms
Amount, annual rate, term in years — and optionally an extra monthly amount toward principal.
Read the payment
Monthly payment, total interest, total paid and payoff length update instantly.
Test extra payments
Add 100–300 extra per month and watch interest saved and months cut appear.
Export
Download the amortization schedule as CSV or copy the summary for comparison shopping.

Use cases

Mortgage shopping

Compare rate/term combinations on total cost, not just the headline payment.

Prepayment planning

Decide whether an extra monthly amount fits the budget by seeing exactly what it saves.

Common mistakes

Mistake:Assuming extras reduce next month's required payment

Fix:On fixed annuities extras shorten the term; the payment stays constant until payoff.

Mistake:Ignoring total interest

Fix:A lower payment over a longer term often costs more — always compare total paid.

Frequently asked questions

An Offline Currency Converter, On Purpose

Why a converter that calls no API is a feature: snapshot rates, USD-base cross rates, and manual override for exact accounting.

Compound Interest With Monthly Contributions: Why Simulation Beats the Formula

How contribution timing and compounding frequency change a 20-year projection, and why period-by-period simulation gives the honest number.

References & standards

docCFPB — What is amortization and how does it work

Loan & Mortgage Calculator

Loan

Extra payments

Monthly payment

Remaining balance

Amortization schedule

Examples

Typical mortgage

Extra 200/month

About this tool

How to use

Enter loan terms

Read the payment

Test extra payments

Export

Use cases

Mortgage shopping

Prepayment planning

Common mistakes

Frequently asked questions

An Offline Currency Converter, On Purpose

Compound Interest With Monthly Contributions: Why Simulation Beats the Formula

References & standards

Compound Interest Calculator

Currency Converter

Discount & VAT Calculator

Tip & Bill Splitter

Loan

Extra payments

Monthly payment

Remaining balance

Amortization schedule

Examples

Typical mortgage

Extra 200/month

About this tool

How to use

Enter loan terms

Read the payment

Test extra payments

Export

Use cases

Mortgage shopping

Prepayment planning

Common mistakes

Frequently asked questions

How is the monthly payment calculated?

How do extra payments affect my loan?

Why does early interest dominate my payments?

Does this work for auto loans and personal loans too?

Related guides

An Offline Currency Converter, On Purpose

Compound Interest With Monthly Contributions: Why Simulation Beats the Formula

References & standards

Related tools

Compound Interest Calculator

Currency Converter

Discount & VAT Calculator

Tip & Bill Splitter