Prepayment Mortgage Reduction

This calculates your amortization schedule with a monthly prepayment.
 
Principal Loan Balance   $
Annual Interest Rate  %
Amortization Length     year
Additional Monthly Prepayment   $
Increase Monthly Payment each year:  %

Your Results for the following values
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.

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