Mortgage Prepayment Reduction Calculator

Determines how quickly a loan will end based on either the current principal balance and current principal and interest monthly payment or the original principal balance, month of first payment, and loan length.

Choose the Option:
 
A1. Current Principal Balance (if known)
A2. Current Prin+Int Monthly Payment
 
B1. Original Principal Balance (otherwise)
B2. Month of First Payment (otherwise)
-
B3. Length of Mortgage
 
You fill out the following table for both cases:
 
Current Annual Interest Rate
Additional Monthly Pre-Payment *
Increase Monthly Payment each year by (%)
* = Enter B here to do a biweekly conversion from here.
 

This is not a commitment to lend. Loan programs, rates and terms subject to change without notice and are subject to property and credit approval. For informational purposes only. Restrictions may apply. Your real estate professional is not a mortgage lender. Please contact your Loan Officer for information about mortgage products and your eligibility for home financing. PHH Home Loans, LLC, 1 Mortgage Way, 3rd Floor, Mt. Laurel, NJ 08054. NMLS ID # 4256 (www.nmlsconsumeraccess.org). Arizona Residential Mortgage Licensee #BK 0907270; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; Illinois Residential Mortgage Licensee #MB.6759865; 100 W. Randolph, 9th floor, Chicago, IL 60601, 800-532-8785; Minnesota - This is not an offer to enter an interest rate lock-in agreement; Missouri in state office located at 2458 Old Dorset Road, Maryland Heights, MO; Ohio Certificate of Registration MB.804019. Equal Housing Lender.
NMLS Consumer Access

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