Original or expected balance of your mortgage.
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
Annual interest rate for this mortgage.
The frequency of prepayment. Down payment is a one time payment that essentially
reduces the amount of principal, monthly prepayments is the amount paid
every month to reduce your principal loan.
Prepaid amount on your mortgage.
Start with Payment:
Payment number that your prepayments will start with.
Sum of monthly principal and interest payment.
Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
Total of all interest paid over the term of the mortgage. Total interest amount
is calculated assuming that there were no prepayments or down
Total amount of interest you will save by prepaying your mortgage.