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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:
$
Monthly
Yearly
Make First Additional Payment:
Starting Next Month
One Year From Now
Starting Next Year
*
Present Loan Balance:
$
*
Interest Rate:
%
*
Remaining Loan Term:
Years
0
1
2
3
4
5
6
7
8
9
10
11
12
Months
Loan Type:
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Adjustable Rate
*
Maximum Periodic Rate Increase:
%
*
Maximum Lifetime Rate Increase:
%
*
Present Rate Changes After:
Months
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Rate Can Change Every:
Months
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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.
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Free Consultation
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How to Get a Loan
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Why Use a Broker?
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Types of Loans
|
Home Purchase Basics
|
Company Directory
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About Us
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Mission Statement
Michael Rand & Associates, Inc.
6740 Fallbrook Avenue, #201
,
West Hills
,
CA
91307
Office: (818) 594-0441
Toll Free: (877) 562-6606
info@mraloans.com
Copyright © 2010 6740 Fallbrook Avenue, #201, West Hills, CA 91307 Broker License #01364816
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