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Mortgage Prepayment Calculator 2 |
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This calculator takes a principal amount, interest rate, normal length of the loan, and then allows you to determine how long you’d like the loan to last (in which case it will solve for your new payment to meet that remaining term, or how much you’d like to pay (in which case it will solve for your new remaining term based on that new payment). NEW! Now also calculates for credit cards and other non amortized lines of credit that use simple compounding of interest. |
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Change these fields as desired: | |
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Loan Amount: |
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Interest Rate (%, 1 to 100): |
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Amortized Length of Mortgage (Enter "0" for credit card and other non amortized lines of credit): |
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