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Prepayment Savings
Making additional mortgage payments reduces your interest costs by shortening the time it takes to pay off your mortgage and lowering your balance along the way.
*
Additional Payment Amount:
$
Monthly
Yearly
Make First Additional Payment:
Starting Next Month
One Year From Now
Starting Next Year
*
Present Loan Balance:
$
*
Interest Rate:
%
*
Remaining Loan Term:
Years
0
1
2
3
4
5
6
7
8
9
10
11
12
Months
Loan Type:
Fixed Rate
Adjustable Rate
*
Maximum Periodic Rate Increase:
%
*
Maximum Lifetime Rate Increase:
%
*
Present Rate Changes After:
Months
*
Rate Can Change Every:
Months
Show Amortization Table?
No
Monthly
Yearly
*
= Required
Calculate
Cancel
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.
Full Application
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Mortgage Calculators
|
Printable Forms
|
Free Consultation
|
Mortgage Checklist
|
Check Loan Status
|
Mortgage Glossary
|
How to Get a Loan
|
Types of Loans
|
Home Purchase Basics
|
About Us
|
State Licenses
Frandsen Bank & Trust
NMLS #769538
100 North Minnesota Street
,
New Ulm
,
MN
56073
Direct: (507) 233-4715
tkalis@frandsenfinancial.com
Copyright © 2023 Frandsen Bank & Trust
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