Mortgage payoff calculator

如何使用Mortgage payoff calculator

它计算什么，何时使用

This calculator shows how much sooner you could be mortgage-free, 和 第 how much interest you would save, if you overpay each mon 次 或 make a one-off lump sum.

使用步骤

1. Enter your 电流 余额、利息 利率、the 年数 remaining.
2. 第 Add the extra amount you can pay each mon 次 和 any lump 总和 you could 薪酬 now.
3. Compare the new payoff 时间 和 利息 with the 原文 plan.

各输入项的含义

• Mortgage 余额 now – What you still owe, not the 原文 loan.
• 利率 – Your 电流 每年 利率.
• 年数 left – The remaining 期限 on the mortgage.
• 每月额外金额 – Money added 至 每件 regular payment.
• Lump 总和 – A one-off payment applied immediately 至 the 余额.

如何阅读结果

• Mortgage-free 英寸 – How long the loan lasts with your overpayments.
• 利息 saved – 利息 without extra payments minus 利息 with them.
• Payment you make now – The required payment plus your extra 数量.

公式

The required payment 是 P × r ÷ (1 − (1 + r)^−n). Each month interest = balance × r, 和 the whole payment plus extra, minus that 利息, reduces the 余额. The loop runs 直到 the 余额 reaches zero.

计算示例

A 200,000 balance at 5.5% with 25 years left has a required payment 18 years 9 的 1,228.17. Paying 200 more each month clears it 个月、6 年数 3 个月 sooner,、cuts interest from 168,452 至 120,683, a saving about 47,770.

假设与局限

• A fixed 利率件the rest the term.
• 每年 the balance. 的 Overpayments are accepted without charge. Many lenders cap penalty-free overpayments, often 以 10%
• The lump 总和 是 有薪 immediately.

常见错误

• Overpaying while carrying higher-rate debt such as credit cards. 清除 the dearest debt first.
• Using up emergency savings件overpayments.
• Forgetting that a fixed deal may carry an early repayment charge.

常见问题

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