Prepayment Analysis
 
 
This calculates your amortization schedule with a monthly prepayment or desired term of loan.
  
     
 
Calculations    
     Principal Loan Balance: $
     Annual Interest Rate: %
     Amortization Length: * Years
     * Enter "0" for credit card and other non amortized lines of credit
     
 
 
     
 
Your Results  
     Principal: $100,000.00
     Interest Rate: 8.5%
     Amortization Length: 30 Years
     Desired Length of Loan: 15 years
     Your Monthly PI Payment: $768.91

Required Monthly Payment to achieve 15 year loan:
$987.47 ($218.56 extra a month)
Click HERE for full amortization schedule
 
     
 
Explanation

This has calculated the monthly payment of $987.47 which is needed to cut your loan from 30 years to 15 years.
The accuracy and use of this calculator is not guaranteed.
 
     
     

MORTGAGE CENTER
First time home buyer? Let us help you through the mortgage process. CLICK HERE to apply online.

>>Apply Online
>>Mortgage Calculators
>>Mortgage Glossary


Eric Click
Certified Mortgage Planner
PrimeLending
Phone: 480-538-4951
Fax: 866-273-4458

Contact