| | | |
|
| Prepayment Mortgage Reduction
Calculator |
|
INSTRUCTIONS
This calculator is designed to help you work out how quickly you can
pay off a loan if you increase your monthly repayments and how much
interest you would save by doing this.
- Enter your loan amount, the original term of your loan and
the interest rate.
- Click the first button to calculate the monthly repayments based
on your original term.
- Enter your additional monthly repayment.
- Click the second button to calculate your reduced loan term
and interest saving.
|
|
| ENTER
DETAILS BELOW |
|
| Loan
Amount |
$
|
| Original
Term |
years |
| Interest
Rate |
% |
|
|
| Monthly
Repayment |
$
|
| Additional
Monthly Repayment |
$
|
|
|
Your reduced loan term will be
years
You will save $
in interest. |
|
buyers 
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