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Comparison Amortization Schedule
Current Program
Original Loan Amount:
$
Current Interest Rate:
%
Current Months Paid:
Monthly Payment Terms:
Monthly Payment (P&I):
Extra Payment Per Month:
$
New Program
New Loan Amount:
$
New Interest Rate:
%
Monthly Payment Terms:
Monthly Payment (P&I):
Extra Payment Per Month:
$
Life of Loan Interest Savings:
Savings in Years:
Payment Difference (New - Current):
Extra Payment Savings (what you save by paying extra)
Current Program – Extra Payment Impact
Interest Saved (vs $0 extra):
Time Saved (years):
New Payoff Time (years):
New Program – Extra Payment Impact
Interest Saved (vs $0 extra):
Time Saved (years):
New Payoff Time (years):
Note: Principal & interest only. Taxes/insurance/HOA not included. Numbers are estimates.