Extra Payment Calculator This tool will allow you to see how much money you can save by increasing your monthly payment. Loan Amount Interest (%) Term (Years) 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 Extra Monthly Payment Extra Payment Result With Extra Payment Without Extra Payment Monthly Payment Rate Term (years) Total Cost Annual Schedule After 1st Year Payment Year Principal Payment Interest Payment Balance Monthly Breakdown