Mortgage payoff inputs:Press spacebar to hide inputs | Total savings $0 |
Current payment: $0.00 | Scheduled payments: $0 |
Accelerated payment: $0 | Accelerated payments: $0 |
Mortgage payoff result summary:
Press spacebar to show inputs |
Mortgage Balances and Interestpress spacebar to hide graph |
The annual interest rate used to calculate your monthly payment. Please note that the interest rate is different from the Annual Percentage Rate (APR), which includes other expenses such as mortgage insurance, and the origination fee and or point(s), which were paid when the mortgage was first originated. The APR is normally higher than the simple interest rate.
Total length, or term, of your original mortgage in years. Common terms are 15, 20 and 30 years.
Total number of years remaining on your original mortgage.
The original amount financed with your mortgage, not to be confused with the remaining balance or principal balance.
Your proposed extra payment amount per month. This amount will be used to further reduce your principal balance.
Monthly principal and interest payment (PI) based on your original mortgage amount, term and interest rate.
Scheduled payment plus your additional principal payment.
Total amount you would save in interest if you made the accelerated payment until your mortgage was paid in full.
Ciera Bank
1501 Summit Ave
Fort Worth, TX 76102