Mortgage Prepayment Calculator 2

Change these fields as desired:
Mortgage Prepayment Calculator 2
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.

Loan Amount:
Interest Rate (%, 1 to 100):
Amortized Length of Mortgage (Enter "0" for credit card and other non amortized lines of credit):
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Information and interactive calculators are made available to you, a financial advisor, as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to client’s individual circumstances. All examples are hypothetical and are for illustrative purposes. Related to tax implications, property purchase and sale prices, and loan terms clients need to seek personalized advice from qualified real estate and tax professionals.