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.

 
 
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You fill out the following table for both cases:
 
 

These calculations are estimates only and do not constitute an offer to finance your loan. There is no warranty for the accuracy of the results or the relationship to your personal financial situation.

Mortgage Loan Direct Inc

15255 S 94th Ave Suite 524
Orland Park, Illinois 60462
Phone: 708-231-0002
Fax: 708-231-0005
NMLS: 1192858
Illinois Residential Mortgage Licensee MB.6761068

This material is not from HUD or FHA and has not been approved by HUD or any government agency.

Illinois Dept. of Financial & Professional Regulation
100 W Randolph, 9th Floor, Chicago IL 60601
Phone: (312)-793-3000 | Fax: (312)-793-7097