How to use this mortgage prepayment calculator
Enter a principal amount, an interest rate, and the normal length of the loan. Then, enter either 1) how much total a month to pay, or 2) how long you want to pay.
Mortgage Prepayment Calculator
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Savings from My Desired Payment
Standard Monthly Payment (Principal + Interest)
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Extra Payment Per Month
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New Monthly Payment
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Interest Saved
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Time to Pay Off Loan
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New Calculations
See detailed amortization