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.

PHH Home Loans, LLC, 1 Mortgage Way, 3rd floor, Mt. Laurel, NJ 08054. NMLS ID #4256 ( Arizona Residential Mortgage Licensee #BK 0907270; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; Regulated by the Colorado Division of Real Estate; 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; Licensed Mortgage Banker - NYS Banking Department; Ohio Certificate of Registration MB. 804019; Equal Housing Lender.

NMLS Consumer Access