|
|
|
|
Mortgage Payoff
Mortgage Payoff CalculatorHow much interest can you save by increasing your mortgage payment? This financial calculator helps you find out. Click the "View Report" button to see a complete amortization payment schedule, and how much you can save on your mortgage!
Definitions
- Annual interest rate (APR)
- The yearly cost of a mortgage, including interest, mortgage insurance, and the origination fee (point(s)), expressed as a percentage. Maximum APR is 20%.
- Mortgage length (years)
- Total length, or term, of your original mortgage in years. The most common lengths are 30 years and 15 years.
- Original mortgage amount
- The original amount financed with your mortgage. Not to be confused with the remaining balance or principal balance.
- Additional monthly payment
- Your proposed extra payment per month. This payment will be used to reduce your principal balance.
- Scheduled payment
- Monthly principal and interest payment (PI) based on your original mortgage amount, term and interest rate.
- Accelerated payment
- Scheduled payment plus additional monthly payment.
- Total savings
- Total amount you would save in interest if you made the accelerated payment until your mortgage was paid in full.
|
|
|
|
____________________________________________________________________________________

West Horizon Financial Inc.
821 Kirkland Ave #100
Kirkland WA. 98033
www.DigitalLoanStore.net
www.DigitalHouseFinder.com
www.DigitalHomeInspector.net
www.DigitalHomeAppraiser.com
www.ContractorWebsitePros.com
www.HookedOnHydronics.com
www.RealEstateWebsitePros.net
Call today for a Free Quote!
1-866-482-6791

http://www.realestatewebsitepros.net
 


All Credit Levels Welcome!
|