Mortgage Payoff

Mortgage Payoff Calculator

How 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!

This Financial Calculator requires SUN's Java Plug-in. If you see this message you will need to download SUN's Java Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing Install ActiveX Control.

Get the Java Plug-in!

For more information about this Plug-in please visit: SUN's Java Plug-in
For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

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.

Thank you for visiting my website, I hope you found what you were looking for. I would appreciate the opportunity to earn the chance to become your loan officer when you purchase your next new home or refinance your current home.

Not all loan officers are the same and not all lenders are the same. I am certain you will not be disappointed if you provide me the time to prove I will be that one loan officer who will show you all your options, get you what you need and want, and if I cannot provide it all to you I will refer you to someone who can, when possible.

If you still have questions, if you want to discuss your situation, if you want to get started, what ever your need, you are always welcome to reach out to me. Please feel free to call or email me.

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