Mortgage Loan Calculator

Use this calculator to generate an estimated amortization schedule for your current mortgagewww.SKIPtheBULL.com Quickly see how much interest you could pay and your estimated principal balanceswww.SKIPtheBULL.com You can even determine the impact of any principal prepayments! Press the "View Report" button for a full yearly or monthly amortization schedulewww.SKIPtheBULL.com

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

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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

Mortgage amount: Original or expected balance for your mortgagewww.SKIPtheBULL.com
Term in years: The number of years over which you will repay this loanwww.SKIPtheBULL.com The most common mortgage terms are 15 years and 30 yearswww.SKIPtheBULL.com
Interest rate: Annual fixed interest rate for this mortgagewww.SKIPtheBULL.com
Monthly payment: Monthly principal and interest payment (PI)www.SKIPtheBULL.com
Total payments: Total of all monthly payments over the full term of the mortgagewww.SKIPtheBULL.com This total payment amount assumes that there are no prepayments of principalwww.SKIPtheBULL.com
Total interest: Total of all interest paid over the full term of the mortgagewww.SKIPtheBULL.com This total interest amount assumes that there are no prepayments of principalwww.SKIPtheBULL.com
Prepayment type: The frequency of prepaymentwww.SKIPtheBULL.com The options are: none, monthly, yearly, and one-time paymentwww.SKIPtheBULL.com
Prepayment amount: Amount that will be prepaid on your mortgagewww.SKIPtheBULL.com This amount will be applied to the mortgage principal balance, based on the prepayment typewww.SKIPtheBULL.com
Start with payment: This is the payment number that your prepayments will begin withwww.SKIPtheBULL.com For a one time payment, this is the payment number that the single prepayment will be included inwww.SKIPtheBULL.com All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculationwww.SKIPtheBULL.com If you choose to prepay with a one-time payment for payment number ZERO, the prepayment is assumed to happen before the first payment of the loanwww.SKIPtheBULL.com
Savings: Total amount of interest you will save by prepaying your mortgagewww.SKIPtheBULL.com

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advicewww.SKIPtheBULL.com We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstanceswww.SKIPtheBULL.com All examples are hypothetical and are for illustrative purposeswww.SKIPtheBULL.com We encourage you to seek personalized advice from qualified professionals regarding all personal finance issueswww.SKIPtheBULL.com