These educational calculators set out to illustrate various mortgage-related scenarios or comparisons and should not be construed as an offer to lend.

Please refer to our formal disclaimer for more information.

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Benjamin Hulshof

Windmill Mortgage Services LLC

President/Mortgage Consultant

NMLS 216697 | LO.02757.000

(614) 362-6828

ben@windmillmortgage.com

www.windmillmortgage.com

Annual Loan Amortization
Regular Amortization
Amortization with Pre-Payments
Side by Side Regular & with Pre-Payments
Interest Paid Comparison
Principal Paid Comparison
Remaining Balance Comparison
Rate
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0 15%
Pre-Payment
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0 $5,000
 
Loan Amount
 
Loan Term
 
Monthly Payment
 
  Extra to Principal  
Pre-Pay Term
   
Payment w/Extra Principal
 
LOAN PARAMETERS FOR AMORTIZING LOAN REGULAR AMORTIZATION SCHEDULE
Year
Loan
Amount
Loan
Term
Years
Remaining
Start
Period
End
Period
Interest
Rate
Monthly
Payment
Annual
Payments
Accrued
Payments
Annual
Interest
Accrued
Interest
Annual
Principal
Accrued
Principal
Remaining
Balance
AMORTIZATION SCHEDULE WITH PRE-PAYMENTS ADDED
Year
0
Loan
Amount
Extra to
Principal
New
Term
End
Payment
Payments
This Year
P&I +
Extra
Monthly
Payment
Annual
Payments
Accrued
Payments
Annual
Interest
Accrued
Interest
Annual
Principal
Accrued
Principal
Remaining
Balance
GRAPHS
REGULAR VS. PRE-PAYMENT COMPARISONS
 
INTEREST PAID
PRINCIPAL PAID
REMAINING BALANCE
Using this tool to inspect and compare the way that a schedule of loan payments works over time and particularly in comparing a regular schedule to one with extra payments can go a long way towards providing the insight needed to make the best possible decisions regarding your home financing. We're here to help whenever you're ready so never hesitate to reach out when you have questions or are ready to get started.


The information contained in these calculators and reports is for informational purposes only. The use, presentation or receipt of this information does not constitute an offer to lend, an application, a Good Faith Estimate, or estimate of fees. Where included, interest rates are subject to change at any time and are not intended to be viewed as the current market rate. Annual Percentage Rates (APRs) can also vary at any time and are presented as approximations. APRs shown here are generally calculated conservatively and may be higher than the actual current market APR, which will be determined and disclosed upon request of a formal Good Faith Estimate or upon application for financing. Every effort has been made to assure the accuracy of the information and mathematical calculations; however, the provider makes no guarantee and maintains no liability for use of or reliance upon the results. Formulation of a scenario using these tools does not mean that the results are guaranteed. All loan products have guidelines, and those rules or tolerances will vary based upon many factors, including but not limited to loan to value ratios, income, employment history, debts, assets, creditworthiness, and underwriter's review and approval.

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