Dec 13, 2019
     
     
 
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.

 
     
     
 
Hearthstone Lending Group LLC an affiliate of 1st Alliance Mortgage LLC 6327 Cash Oaks Drive Spring, TX 77379