Nov 21, 2009
Penny Green

Contact Info:
Willow Bend Mortgage
Penny Green
Branch Manger
Phone: 512-784-6090
Fax: 877-775-6803
Contact Us
     
     
 
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.
 
     
     
 
Willow Bend Mortgage 12411 Painted Bunting Austin, TX 78726