Prepayment Savings
Making additional payments to your mortgage will reduce your interest costs by shortening the time you take to pay off your mortgage and lowering your balance along the way.
Please enter the following information about your prepayment.
I'd like to make additional payments of $
Monthly
Yearly
I'd like to pay off my mortgage in
years and
0
1
2
3
4
5
6
7
8
9
10
11
months
by making additional payments
Monthly
Yearly
If you choose to make additional payments yearly, when will be your first prepayment?
1 year from now
End of this year
Please enter the following information about your mortgage.
Loan Type:
Fixed-Rate
Adjustable-Rate
Present Loan Balance
$
Interest Rate
%
Remaining Loan Term
Years and
0
1
2
3
4
5
6
7
8
9
10
11
Months
Show Amortization Table?
No
Yearly
Monthly
Please enter the following information if your mortgage is an adjustable rate loan:
Maximum Periodic Rate Increase
%
Maximum Lifetime Rate Increase
%
Present Interest Rate Changes After
Months
Rate Can Change Every
Months