How to use this mortgage prepayment calculator
Enter a principal amount, an interest rate, and the original loan term. Then, enter either 1) how much you want to pay each month, or 2) how long you want to make mortgage payments.
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