Company Logo
Home Home | Privacy Policy Privacy Policy | Site Security Site Security
Apply Today
  • Apply Online
    • Prequalify
    • Edit Prior Application
    • Blank Printable Application
    • Printable Bilingual Application
    • Free Quick Quote
    • New Purchase
    • Refinance Adviser
    • Debt Elimination
    • spacerFree Information
      • VA Eligibility FAQ
      • The Mortgage Broker
      • Debt Consolidation FAQ
    • Broker VS Loan Officer
    • FHA - 1) Getting Started
    • Credit Risk
    • Closing Costs
    • Closing Process
    • Debt-to-Income Ratio
    • Accuracy of Credit Report
    • Pre-Qualification
    • Credit Report Errors
    • Deed of Trust
    • Escrow Accounts
    • Factors of the Credit Score
    • Holding Title
    • Home Inspection
    • Insurance Needs
    • LoanTerms
    • Mortgage Process
    • Raise Your Credit Score
    • Refinance Options
    • Texas Complaint Recovery Disclaimer
    • About Debt Consolidation
    • The Credit Score
    • The Escrow Agent
    • The FICO Score
    • The Home Appraisal
    • The Mortgage Servicer
    • Types of Loans
    • 1st Time Home Buying FAQ
    • About 1st Time Home Buying
    • FHA - 10) Products
    • FHA - 2) Finding Your Home
    • FHA - 3) You've Found It
    • FHA - 4) Financing
    • FHA - 5) First Steps
    • FHA - 6) Finding the Loan
    • FHA - 7) Closing
    • FHA - 8) HUD & the FHA
    • FHA - 9) Mtg Insurance
    • FHA FAQ
    • Refinance FAQ
    • About Refinancing
    • Jumbo Loan FAQ
    • VA Construction and Valuation FAQ's
    • VA Post-Loan FAQ
    • VA Pre-Loan FAQ
    • About New Construction Loans
    • Construction Loans FAQ
    • Optimizing Credit-Construction Loan
  • Loan Center
    • Loan Checklist
    • Loan Programs
    • Loan Update
    • Mortgage Glossary
    • FAQ
  • Calculators
    • Basic Mortgage Qualification
    • Bi-Weekly Mortgage
    • Detailed Mortgage Qualification
    • How Much Can I Afford?
    • Interest Only Payments
    • Monthly Loan Payment
    • Prepayment Analysis
    • Prepayment Mortgage Reduction
    • Principal After X Years
    • Rent vs. Own
  • Company Info
    • About Us
    • Privacy Policy
    • Testimonials
    • Site Security
    • Contact Us
  • Learn More
    • Web Links
 
     
     
 
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
Roman Washington
Contact send email
Roman Washington
Loan Officer (NMLS#274841)

ph. 214-407-0700
fx. 214-540-1202
Apply Now
HUD Logo HUD Logo Home | Privacy Policy | Site Security | Contact
Priority Financial Network NMLS 103098
© 97-2020 Virtual Lender ®