Mortgage Payoff

Mortgage Payoff Calculator

How much interest can you save by increasing your mortgage payment? This financial calculator helps you find out. Click the "View Report" button to see a complete amortization payment schedule, and how much you can save on your mortgage!

This Financial Calculator requires SUN's Java Plug-in. If you see this message you will need to download SUN's Java Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing Install ActiveX Control.

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For more information about this Plug-in please visit: SUN's Java Plug-in
For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Definitions

Annual interest rate (APR): The yearly cost of a mortgage, including interest, mortgage insurance, and the origination fee (point(s)), expressed as a percentage. Maximum APR is 20%.
Mortgage length (years): Total length, or term, of your original mortgage in years. The most common lengths are 30 years and 15 years.
Original mortgage amount: The original amount financed with your mortgage. Not to be confused with the remaining balance or principal balance.
Additional monthly payment: Your proposed extra payment per month. This payment will be used to reduce your principal balance.
Scheduled payment: Monthly principal and interest payment (PI) based on your original mortgage amount, term and interest rate.
Accelerated payment: Scheduled payment plus additional monthly payment.
Total savings: Total amount you would save in interest if you made the accelerated payment until your mortgage was paid in full.

GOOD REASONS TO HAVE JOHN WORK FOR YOU:

Realtor and Licensed Associate Broker in the Commonwealth of Virginia
Over 20 years of local real estate experience
Member of two local MLS systems (Harrisonburg-Rockingham and Greater Augusta Association of REALTORS)
Multi-million dollar producer
Graduate, Realtors Institute (G.R.I.)
CRS designation (Certified Residential Specialist)
2005 President of the Harrisonburg-Rockingham Association of Realtors (HRAR)
Current Honor Society member and Professional Standards Committee member
HRAR Realtor of the Year in 1984 and 2005
Sponsor and member of the Harrisonburg Tennis Patrons
For the best local property search go to http://JohnMauzy.CBFunkhouser.com

Coldwell Banker Funkhouser Realtors 401 University Blvd (Between the Valley Mall & JMU campus) Harrisonburg, VA 22801

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