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Amortization Payment Prepayment Qualify IRA Miscellaneous

Prepayment Calculator

Prepayment Reduction Calculator

This calculator shows you how prepaying your loan reduces the length of your loan. If you know your current principal balance and principal/interest payment, then enter in the fields of A1 and A2.

If you don't remember your current principal balance and principal/interest payment then enter the three values for your loan in B1, B2 and B3. (Original Loan Amount, Month of First Payment, and Length of Loan).

Choose the Option:

A1. Principal Balance  
A2. Prin+Int Monthly Payment  

B1. Original Princ Balance  
B2. Date of 1st Payment  
B3. Mortgage Length (yrs)  

Now complete the last fields below:

Curr. Annual Int. Rate  
Add. Monthly Pre-Payment*  
Incr. Monthly Pay. each year by (%)  

* = Enter B here to do a biweekly conversion from here.
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