Mortgage Amortization with Paydown

This calculator shows how much money you can save, and how much sooner you will pay off your mortgage, as you change how much you are paying each month. Besides giving a basic amortization table - showing how much principal and interest is paid each month - this calculator lets you enter additional payments in two different ways:
  1. Enter a monthly amount  to be paid every month until the loan is paid off, 
  2. Enter one or more one-time payments is specific months. 
The additional payments are then used to calculate how much sooner the mortgage will be paid off and how much interest you will have saved by making additional payments on top of your normal monthly loan payment.

CLICK HERE to GET YOUR OWN COPY of this spreadsheet which you can edit, use and even share with others (like your accountant!)

Mortgage Amortization with Paydown


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