PREPAYMENT SAVINGS CALCULATOR

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Prepayment Savings Calculator

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

Prepayment Frequency

Make First Additional Payment

Present Loan Balance

Interest Rate

Remaining Loan Term

Years

Months

Loan Type

Fixed Rate

Adjustable Rate

Max Periodic Rate Increase

Max Lifetime Rate Increase

Present Rate Changes After

Months

Rate Can Change Every

Months

Show Amortization Table

Default amounts are hypothetical and may not apply to your individual situation. This calculator provides approximations for informational purposes only. Actual results will be provided by your lender and will likely vary depending on your eligibility and current market rates.

Results

Loan Term Reduction

0 years

Interest Savings

$0.00

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NMLS | FAIR LENDER | FAIR HOUSING

Lake State Mortgage NMLS #130562 All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations should apply.

Lake State Mortgage
Company NMLS# 130562
5500 Northland Dr NE
Suite J
Grand Rapids, Michigan 49525
kevin@lakestatemortgage.com
Phone: (616) 805-5807

NMLS | FAIR LENDER | FAIR HOUSING

Lake State Mortgage NMLS #130562 All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations should apply.