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Phone: 949-370-7767

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.

27702 Crown Valley Parkway Suite D-4 # 268 Ladera Ranch, CA 92694 Phone: 949-370-7767 Fax: 949.625.8286

Clarion Mortgage Capital Inc. , a Real Estate Broker is licensed by the CA Dept. of Real Estate, license number 01245811.