Today is Jul 21, 2017
Company Logo
     
     
 
Prepayment Mortgage Reduction
 
 
This calculates your amortization schedule with a monthly prepayment.
 
     
 
Calculations    
 
     Principal Loan Balance: $
     Annual Interest Rate: %
     Amortization Length (in Years):
     Additional Monthly Prepayment: $
     Increase Monthly Payment each year: %
 
 
     
 
Your Results    
 
     Principal: $ 100,000.00
     Interest Rate: % 8.5
     Amortization Length:   30 Years
     Additional Monthly Prepayment: $ 50.00
     
     Your monthly PI Payment is: $ 768.91
     

By following this schedule, your loan will terminate in 283 months (23.58 years)
Click HERE  for full amortization schedule
 
     
 
Explanation

By paying an extra $50.00 per month, you will pay this loan off in 283 months.

The accuracy and use of this calculator is not guaranteed.

 
     
     
Contact Info
Contact
by Email
Patty Harrison
patty@smartmtgs.net
Smart Mortgage
Ph: 630-854-3459
Cell: 630-854-3459
Fax: 630-904-9805