Mortgage 411 : PrePayment Savings

Prepayment Savings

Making additional mortgage payments reduces your interest costs by shortening the time it takes to pay off your mortgage and lowering your balance along the way.

*	Additional Payment Amount:	$

	Make First Additional Payment:

*	Present Loan Balance:	$
*	Interest Rate:		%
*	Remaining Loan Term:		Years	Months

Loan Type:

Fixed Rate
Adjustable Rate


	Show Amortization Table?


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The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.