Company Logo
Home Home | Site Security Site Security
Apply Today
  • Apply Online
    • Apply Online
    • Edit Prior Application
    • Blank Printable Application
    • Printable Bilingual Application
    • Free Quick Quote
    • New Purchase
    • Refinance Adviser
    • Debt Elimination
  • Loan Center
    • Loan Checklist
    • Loan Programs
    • Mortgage Glossary
    • Today's Rates
    • Closing Costs - What to Expect
    • The Home Appraisal Process
    • Home Inspection
    • Insurance Needs
    • The Escrow Agent
  • Calculators
    • Basic Mortgage Qualification
    • Detailed Mortgage Qualification
    • How Much Can I Afford?
    • Monthly Loan Payment
    • Prepayment Analysis
    • Prepayment Mortgage Reduction
    • Principal After X Years
    • Rent vs. Own
  • Company Info
    • About Us
    • Testimonials
    • Site Security
    • Contact Us
    • Meet Our Team
  • Articles
    • Pre-qualification vs. Pre-approval:
    • How Low Can You Go.....
    • The Return to a...
    • POINTS - To Pay Or Not To Pay...
    • Challenges of the Self-employed Borrower
    • Bankruptcy and Mortgages
    • Mortgage advice in a changing market
    • The opportunities in real estate
    • Equity Repositioning
    • FHA - 1) Getting Started
 
     
     
 
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.
 
     
     
 
Mortgage Tools
Mortgage Calculators Mortgage Calculators
Better understand your
loan options using
mortgage calculators!
Click Here Mortgage Calculators
Mortgage Glossary Mortgage Glossary
Become more familiar with
all the terms used in the
Loan Process
Click Here Mortgage Glossary
Contact Us
Alex Caragiannides
Contact send email
Alex Caragiannides
Loan Consultant

ph. 858-436-1183
fx. 858-436-1184
Apply Now
HUD Logo HUD Logo Home | Site Security | Contact
License# 01727859
© 97-2009 Virtual Lender ®