Prepayment Savings Calculator

Payment & Amortization

Calculate your monthly payment and see how the principal is paid over time.

Rent vs. Own

Calculate the difference between renting and buying a home.

Refinance Break-Even Point

Find out how long it will take to “break-even” on a refinanced loan.

Prepayment Savings

Find out how soon you can pay off your mortgage by making prepayment.

Prepayment Savings Calculator

$13,023.37

Interest Savings


Prepayment Savings Results Summary

Additional Payment: $100.00
Present Loan Balance: $100,000
Interest Rate: 5.00%
Remaining Loan Term: 20 Years (240 Payments)
Loan Term Reduction: 4 Years (48 Payments)
Interest Savings: $13,023.37