How to Pay Off Your Mortgage Faster
Which Option Is Best for You to Pay for Your Mortgage
If you need help using the calculator you can call us at:
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Which Option Is Best for You to Pay for Your Mortgage
Select one of the options taking into account the information you have at hand from your original loan:
Option 1: if you know the purchase date of your house and the balance you owe to the property at this time
Option 2: if you know the information of how much you paid to the principal and the interest of your property in the last statement of your mortgage
How to find your Principal + Interest
in your Mortgage Statement
Select in How Many Years you Would Like to Pay your Mortgage in Order to Know How Much you Add to the Principal
Date:
Monthly Payment:
Principal Payment:
Interest Payment:
Balance:
Cumulative Interest:
Remaining Interest:
Term:
Payment Number:
Date:
Monthly Payment:
Principal Payment:
Interest Payment:
Balance:
Cumulative Interest:
Remaining Interest:
Term:
Payment Number:
Date:
Monthly Payment:
Principal Payment:
Interest Payment:
Balance:
Cumulative Interest:
Remaining Interest:
Term:
Payment Number:
"Desktop PC recommended for best viewing"
| # | Payment Date | Payment | Initial Balance | Principal Payment | Interest Payment | Ending Balance | Cumulative Principal | Cumulative Interest |
|---|
Legal Disclaimer for Mortgage Calculators.
The purpose of the mortgage calculators provided on this website, operated by [Company Name], is
purely
educational and is offered as a tool to help users gain a general understanding of how banks may use
amortization tables to make decisions related to mortgage loans, refinancing, and other financial
situations
involving amortization formulas.
These calculators are for informational purposes only and should not be used as the sole basis for
making
significant financial decisions. The results provided by these tools are approximate and are based
on
the
information and default parameters entered by the user. It is important to note that each bank may
apply
different variables and criteria in their calculations, which can result in significant differences
in
the
final terms and conditions of any offered financial product.
Therefore, [Juan Carlos Carrera Pena Prof. Corp.] and Juan Carlos Carrera assume no responsibility
for
any
decision or action taken by the user based on the information provided by these calculators. It is
strongly
recommended that before making any financial decision involving a significant amount of time and
money,
users consult with a licensed banker or financial advisor to obtain personalized and specific advice
tailored to their particular situation.
By using these calculators, the user acknowledges and agrees that [Juan Carlos Carrera Pena Prof.
Corp.]
and
Juan Carlos Carrera will not be held responsible for any direct or indirect consequences arising
from
the
use of these tools and reliance on the provided results.
