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Mortgage Pre-payment Calculator

Principal:

The amount remaining on the balance		 $
Interest:

The interest rate you are being charged		   %
Loan Length:


   yr
mos.
Extra Monthly Payment:

The amount you are going to pay extra		 $
Results:
 
Original
 
Extra Payments
Principal $100,000.00
 $100,000.00
Interest $164,160.52
$101,696.64
Total
 $264,160.52 $201,696.64
     
Term 30 years 0 months 20 years 2 months
# Payments 360 242
 
Interest Saved None   $62,463.88
Total Time Saved None 9 years 10 months
Payments Eliminated None 118