Prepayment Analysis
 
 
This calculates your amortization schedule with a monthly prepayment or desired term of loan.
 
     
 
Calculations    
     Principal Loan Balance: $
     Annual Interest Rate: %
     Amortization Length: * Years
     * Enter "0" for credit card and other non amortized lines of credit
     
 
 
     
 
Your Results  
     Principal: $100,000.00
     Interest Rate: 8.5%
     Amortization Length: 30 Years
     Desired Length of Loan: 15 years
     Your Monthly PI Payment: $768.91

Required Monthly Payment to achieve 15 year loan:
$987.47 ($218.56 extra a month)
Click HERE for full amortization schedule
 
     
 
Explanation

This has calculated the monthly payment of $987.47 which is needed to cut your loan from 30 years to 15 years.

The accuracy and use of this calculator is not guaranteed.
 
     
     

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Patty Harrison
patty@smartmtgs.net
Smart Mortgage
Phone: 630-854-3459
Fax: 630-904-1010

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