Home Loan Prepayment Savings Tool
General Information
Original Loan Details
Original Regular Payment: $0.00
Total Interest Paid (Original Loan): $0.00
Original Loan Payoff Date: N/A
Prepayment Strategy
One-Time Lump-Sum Prepayments (Optional)
Impact of Prepayments (USD)
Original Loan Summary
Regular Payment: 0.00
Total Interest Paid: 0.00
Total Amount Repaid: 0.00
Payoff Date: N/A
Loan With Prepayment(s)
Effective Regular Payment: 0.00
New Payoff Time: N/A
New Payoff Date: N/A
Total # Payments: 0
Total Interest Paid: 0.00
Total Amount Repaid: 0.00
Savings Achieved:
Total Interest Saved: 0.00
Time Saved on Loan: N/A
Prepayments are applied directly to the principal, significantly reducing the interest paid and shortening the loan term. Ensure your lender applies prepayments directly to principal and check if your loan has any prepayment penalties.