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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.