Prepayment Calculator

Topics:
Quantitative Analysis,
Tools and Templates
Tags:
FinAid Page,
Finance,
Loan,
Operational Accounting,
Payment
Source:
FinAid Page

FREE Registration is required

Overview: Making extra payments to reduce the principal balance on a loan can help pay off the loan sooner and reduce the total interest paid over the lifetime of the loan. This tool shows the impact of making regular extra payments on the loan. It shows the interest savings and the number of payments saved from the repayment schedule as compared with a regular loan that has no prepayment.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Jan 2009

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