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Mortgage Payoff Calculator (2d)

Property Appreciation and Extra Monthly Payments on Underwater Mortgages

Who This Calculator is For:  Borrowers with negative equity (they are "underwater") who
want to know, how long it will take before some combination of normal amortization,
extra payments and, property appreciation eliminate the negative equity.

What This Calculator Does:This calculator provides amortization schedules and
homeowner equity for any combination of extra payments and property appreciation.

 
Enter Loan Information
  Existing Loan Balance  (e.g. 250000)
  Interest Rate  (e.g. 7.50)
  Current Principal & Interest Payment (do not include insurance and taxes) (e.g. 657.24)
  Number of Monthly Payments in First Year?  (1 to 12 - defaultd to 12)
  Current Value of House (e.g. 225000)
  Expected Rate of Property Value Appreciation

DO NOT USE DOLLAR SIGNS ($), COMMAS (,) PLUS SIGNS ( + )
OR PERCENTAGE SIGNS (%) IN ANY INPUT BOXES

Enter Extra Payments
Extra Payment
Intervals		 Amount
of Change		 Starting In
Month #		 Duration Ending In
Month #
 
This item is optional. If you want to know your interest payments for the remainder of the first year, indicate the number of monthly payments you will be making in the first year. The program will default to a full year (12 payments).