If you have made prepayments, go to calculator 7a, enter the payment and derive the current term. Payments: Multiply the years of your loan by 12 months to calculate the total number of payments. Escrow: The monthly cost of property taxes, HOA dues and homeowners insurance. (hover over yellow icon to make this pop-up disappear) On old loans, the period remaining equals the original term less the number of monthly payments you have made, provided you have not made any prepayments. Mortgage insurance: The mandatory insurance to protect your lenders investment of 80 or more of the homes value. Make sure the payment is principal and interest only. If you have made any extra payments, you can find the period remaining by clicking here and entering your current balance, rate, and monthly payment. If you have not made any extra payments on your loan, this is the original term less the number of monthly payments that have been made. OR PERCENTAGE SIGNS (%) IN ANY INPUT BOXES 6)ĭO NOT USE DOLLAR SIGNS ($), COMMAS (,) PLUS SIGNS ( + ) 120)įirst Extra Payment to Occur in Month Number (e.g. Number of Months From Now You Want the Loan to be Paid Off (e.g. 360)Įnter Months to Payoff & Payment Frequency New Loan Term or Period Remaining on Existing Loan, in Months (e.g. New Loan Amount or Existing Loan Balance (e.g. ![]() It alsoĭisplays the amortization schedule and the interest savings ![]() Monthly payment, to pay off a loan within a specified period. That must be paid on fixed-rate mortgages, above the required What This Calculator Does: This calculator shows the additional amount To pay off their loan within a specified period. ![]() They must pay, above their required monthly payment, Mortgage Payoff Calculator (2c) Extra Monthly Payments to Pay Off in Specified Period Who This Calculator is For: Borrowers who want to know how much extra
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |