Aug 28, 2008
Contact Info:
Clarion Mortgage Capital
Jonathan K Kuerschner
Senior Loan Officer
Phone: 719-331-0096
Fax: 719-548-9475
Contact Us
     
     
 
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.
 
     
     
 
Clarion Mortgage Capital 5265 North Academy Boulevard Suite 3300, Colorado Springs, CO 80918