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 (from current point)
Regular Payment: 0.00
Total Future Interest: 0.00
Projected Payoff Date: N/A
Loan With Prepayment(s) (from current point)
Effective Regular Payment: 0.00
New Payoff Time: N/A
New Payoff Date: N/A
Total Future # Payments: 0
Total Future Interest Paid: 0.00
Total Future 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.