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How will prepaying change my loan?

Mortgage or loan prepayment:  This calculator takes a principal amount, interest rate, normal length of the loan and either how much total a month to pay or how long you want to pay. Then it thinks...

NEW - Now also calculates for credit cards and other non amortized lines of credit that use simple compounding of interest.


Enter your loan amount: -
Your interest rate: % (1 to 100)
Amortized Length of mortgage:
Enter "0" for credit card and other non amortized lines of credit
Either reduce the length of your mortgage and have a new payment calculated, or increase your payment in order to accelerate the eventual payoff of the loan.

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