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Adjustable Rate Mortgage
Advanced Mortgage Calc.
Balloon Mortgage Calc.
Compare Mortgage Calc.
Extra Payment Calculator
Fixed Rate Mortgage Calc.
Refinance Mortgage Calc.

 
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The Extra Payment Calculator will calculate the effect of making extra principal payments. A very small extra principal payment made along with a regular payment can save the borrower a large amount of interest over the life of a loan, particular, if those payments are started when the loan is relatively new.

    Extra Payment Calculator

  Currency
 Purchase price
 Down payment amount %   $
 Points  %
 Insurance/year %   $
 PMI/year %   $
 Start date
 Number of months: months  years  
 Interest rate %
 Payment amount$ 652.01
 Your Payment Amount
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    Financial Details
 Purchase price:$ 100,000.00 
 Down Payment:$ 0.00 
 Points:$ 1,000.00 
 Loan Amount$ 99,000.00 
 Interest rate6.9 % 
 Interest compoundingMonthly 
 PaymentsMonthly 
 Total amount financed$ 99,000.00 
 
 Payment amount (Standard)$ 652.01 
 Monthly Insurance (Standard)$ 83.33 
 Monthly PMI(Standard)$ 41.25 
 Nb. of months with PMI (Standard)147 
 Total Interest (Standard)$ 135,725.09 
 Total Insurance (Standard)$ 30,000.00 
 Total PMI charge (Standard)$ 6,063.75 
 Total finance charge (Standard)$ 171,788.84 
 
 Payment amount $ 652.01 
 Monthly Insurance $ 83.33 
 Monthly PMI$ 41.25 
 Nb. of months with PMI 147 
 Total Interest$ 135,725.09 
 Total Insurance$ 30,000.00 
 Total PMI charge$ 6,063.75 
 Total finance charge$ 171,788.84 
 
 Extra Payment/Month$ 0.00 
 You save$ 0.00 and 0 months 
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