Mortgage Prepayment Reduction Calculator

Determines how quickly a loan will end based on either the current principal balance and current principal and interest monthly payment or the original principal balance, month of first payment, and loan length.

Choose the Option:
 
A1. Current Principal Balance (if known)
A2. Current Prin+Int Monthly Payment
 
B1. Original Principal Balance (otherwise)
B2. Month of First Payment (otherwise)
-
B3. Length of Mortgage
 
You fill out the following table for both cases:
 
Current Annual Interest Rate
Additional Monthly Pre-Payment *
Increase Monthly Payment each year by (%)
* = Enter B here to do a biweekly conversion from here.
 

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