Houston Texas Mortgage Loans and Rates

Prepayment Analysis

This calculates your amortization schedule with a monthly prepayment or desired term of loan.

Calculations

Principal Loan Balance:	$
Annual Interest Rate:	%
Amortization Length:	*	Years
* Enter "0" for credit card and other non amortized lines of credit

Your Results

Principal:	$100,000.00
Interest Rate:	8.5%
Amortization Length:	30 Years
Desired Length of Loan:	15 years
Your Monthly PI Payment:	$768.91
Required Monthly Payment to achieve 15 year loan: $987.47 ($218.56 extra a month)
Click HERE for full amortization schedule

Explanation

This has calculated the monthly payment of $987.47 which is needed to cut your loan from 30 years to 15 years.

The accuracy and use of this calculator is not guaranteed.

1st Alliance Mortgage
2000 North Loop West, Suite 133 Houston, TX 77018
Phone: 713-266-1515
Fax: 713-266-1520

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