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Mortgage Payoff
Mortgage Payoff CalculatorHow much interest can you save by increasing your mortgage payment? This financial calculator helps you find out. Click the "View Report" button to see a complete amortization payment schedule, and how much you can save on your mortgage!
Definitions
- Annual interest rate (APR)
- The yearly cost of a mortgage, including interest, mortgage insurance, and the origination fee (point(s)), expressed as a percentage. Maximum APR is 20%.
- Mortgage length (years)
- Total length, or term, of your original mortgage in years. The most common lengths are 30 years and 15 years.
- Original mortgage amount
- The original amount financed with your mortgage. Not to be confused with the remaining balance or principal balance.
- Additional monthly payment
- Your proposed extra payment per month. This payment will be used to reduce your principal balance.
- Scheduled payment
- Monthly principal and interest payment (PI) based on your original mortgage amount, term and interest rate.
- Accelerated payment
- Scheduled payment plus additional monthly payment.
- Total savings
- Total amount you would save in interest if you made the accelerated payment until your mortgage was paid in full.
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If time is of the essence, call today for immediate answers to all of your questions. Put 25+ years of experience in real estate to work for you. Home buyers you can get 100% financing on eligible property with no monthly MI charges with rates in the 4.5% range (subject to change without notice) .
To find out just what we can offer you please be sure to complete our Secure loan application by CLICKING HERE
If you prefer to complete the application over the phone or by mail, please give us a call today and we will rush your FREE package out to you.
 
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