It's My TermSM Mortgage Prepayment Calculator

Have you ever wondered: What's it going to take to get this mortgage or loan paid off before I retire… or before I get to age 55? You might not know that you can make your mortgage any term you like by making simple fixed prepayments each month. Tell us when you want to pay off your mortgage, and It's My Term will tell you will tell you exactly how much you'll need to do it and how much you'll save by doing so!

It's My TermSM Prepayment Calculator


Please enter loan amount greater than 0

Please enter term greater than 0

Please enter interest rate greater than 0

Payment Summary
Additional Monthly Payment -
Total Monthly Payment (New) -
Total Interest Saved (by the end of loan term) -
Total Time Reduced -
Your Present Loan Situation
Current Monthly Principal and Interest Payment -
Original total interest due -
Months paid until prepayment started -
Remaining Loan balance at start of prepayment -
Remaining interest due when prepayment began -
Months still remaining on loan -
Your Terminated Loan
Total months of prepayments -
New monthly payment, including prepayment -
Total interest paid to your end point -
Total interest saved by terminating your loan -
Total months reduced -