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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
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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
|
Short Application
|
Mortgage Rates
|
Mortgage Calculators
|
Printable Forms
|
Free Consultation
|
Mortgage Checklist
|
Check Loan Status
|
Mortgage Glossary
|
How to Get a Loan
|
Why Use a Broker?
|
Types of Loans
|
Home Purchase Basics
|
About Us
Red Brick Lending, LLC
One Cumberland Place, Suite 104
,
Bangor
,
ME
04401
Direct: (207) 992-9060
sam@rbricklending.com
Copyright © 2010 Red Brick Lending, LLC
ME Lic.#CSO8265
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