Calculate mortgage prepayment for real estate investments and properties
Enter loan balance, remaining term, interest rate, and prepayment amount. The calculator shows interest saved and time reduced.
A $50,000 prepayment on a $280,000 balance saves $87,500 in interest and reduces a 25-year remaining term by 7 years.
Significant interest savings and time reduction. $50k prepayment on $300k loan can save $80k+ in interest and cut 5+ years off term.
Always. Otherwise lender may apply to next month's payment, not reducing principal. Write "principal only" on check or note in online payment.
No, it reduces total interest and shortens loan, but monthly payments remain the same. You'll just pay off loan earlier.