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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.

Free Mortgage Information

Contact Info

Scott Mitchell
Managing Director

ph. 212-683-8706
fx. 877-787-5222
tf. 877-MTG-0101

send email

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Mortgage Capital - 15 W 26th St Suite 903 , New York, NY 10010

NY License # LMBC NO. 10673

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