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UPDATED – Take your current balance and look at your loan reduction. Does biweekly mortgages too. This calculator allows you to see how prepaying your mortgage reduces the length of your mortgage by putting in the current values for your loan.

Change these fields as desired:

Choose the Option:
A1. Current Principal Balance (if known)
A2. Current Prin+Int Monthly Payment
B1. Original Principal Balance (otherwise)
B2. Month of First Payment (otherwise) -
B3. Length of Mortgage (Years)
You fill out the following table for both cases:
Current Annual Interest Rate
Additional Monthly Pre-Payment*
Increase Monthly Payment each year by (%)

* = Enter B here to do a biweekly conversion from here.

Disclaimer

The authors make no claims of the accuracy of the information contained herein; and these suggested doses are not a substitute for clinical judgment. Neither GlobalRPh Inc. nor any other party involved in the preparation of this program shall be liable for any special, consequential, or exemplary damages resulting in whole or part from any user’s use of or reliance upon this material.PLEASE READ THE DISCLAIMER CAREFULLY BEFORE ACCESSING OR USING THIS SITE. BY ACCESSING OR USING THIS SITE, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS SET FORTH IN THE DISCLAIMER. Read the disclaimer