For your convenience current mortgage rates are published below.When you are done adjusting your information you can use the button in the upper right corner of the calculator to save the results and email yourself (or a spouse) a link to the calculated result.While viewing the report, if you would like to print it out please click on the button. Click on to view your loan summary along with side-by-side amortization tables for the original loan & the accelerated payments.If interest rates have dropped significantly since you purchased your home you may also want to consider refinancing to lock in lower rates today. Just beneath that information & to the right is a calculation of total interest savings. At the top of the calculator it will tell you how many years and months the payment adjustment will save you. As you change any of the inputs the graph below the calculator will show the original & new interest payments along with the loan balance over time for the scheduled monthly payments versus the new payment schedule.Simply enter the original loan term, how many years you have remaining on the loan, the original mortgage amount, the interest rate charged on the loan & the amount you would like to add as an extra payment to each monthly payment. The following calculator makes it easy for homeowners to see how quickly they will pay off their house by making additional monthly payments on their loan.
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