Loan Calculator w/Extra Payments
Enter interest rate and two more fields,
then press the button under the field you wish to calculate.
Principal
Amount		 # of
Months		 Interest
Rate
(Decimal)
Canadian
 Monthly
Payment
(Principal & Interest)
$ % $
You'll pay a total of $over the life of this loan.

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Do the above calculation first - as if you're NOT making extra payments.
Now do the following...
First Payment Due
I would like to make extra payments of $
beginning
View Amortization Schedule with Date and Annual Interest Paid
View schedule with year-end annual totals only!
  • Canadian Mortgages
    If you have a Canadian mortgage, check the "Canadian" box under the Interest Rate field. Canadian mortgages compound interest twice annually instead of monthly.
Note:
  • Due to rounding, the calculations may differ by a few cents from those of your lending institution. This calculator is intended to be used only as a guide.
  • The interest rate is compounded monthly - as is the case for most U.S. loans. If Canadian is checked, interest is compounded twice annually.
Disclaimer
Copyright© 1995- MyCalculators.com