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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

Two Loan Amortization Comparison
SINGLE CHARTS SIDE BY SIDE CHARTS
Interest Paid - Regular Terms
Interest Paid w/Pre-Payments
Principal Paid - Regular Terms
Principal Paid - w/Pre-Payments
Remaining Balance - Regular Terms
Remaining Balance - w/Pre-Payments
Regular Term Amortization
Amortization with Pre-Payments
Interest Paid - Regular and w/Pre-Payment
Principal Paid - Regular Term and w/Pre-Payment
Remaining Balance - Regular & w/Pre-Payments
 
 
Interest Rate
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0 15%
Pre-Payment
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0 $5,000
 
Interest Rate
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0 15%
Pre-Payment
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0 $5,000
Loan Amount
 
Loan Term
 
Payment
 
 
Loan Amount
 
Loan Term
 
Payment
 
   
Difference vs. Option 1  
Extra Pre-Payment  
New Payment  
Pre-Pay Term  
 
Extra Pre-Payment  
New Payment  
Pre-Pay Term  
Loan Parameters for Options One and Two
LOAN PARAMETERS FOR OPTION ONE
Year
Loan
Amount
Loan
Term
Years
Remaining
Start
Period
End
Period
Interest
Rate
 
LOAN PARAMETERS FOR OPTION TWO
Year
Loan
Amount
Loan
Term
Years
Remaining
Start
Period
End
Period
Interest
Rate
Regular Term Amortization Schedules
REGULAR AMORTIZATION SCHEDULE - OPTION ONE
Monthly
Payment
Annual
Payments
Accrued
Payments
Annual
Interest
Accrued
Interest
Annual
Principal
Accrued
Principal
Remaining
Balance
 
REGULAR AMORTIZATION SCHEDULE - OPTION TWO
Monthly
Payment
Annual
Payments
Accrued
Payments
Annual
Interest
Accrued
Interest
Annual
Principal
Accrued
Principal
Remaining
Balance
Amortization Schedules with Pre-Payments
AMORTIZATION SCHEDULE WITH PRE-PAYMENTS ADDED - OPTION ONE
Year
0
Loan
Amount
Extra to
Principal
New
Term
End
Payment
Payments
This Year
P&I +
Extra
Monthly
Payment
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
AMORTIZATION SCHEDULE WITH PRE-PAYMENTS ADDED (Continued) - OPTION ONE
Year
0
Annual
Payments
Accrued
Payments
Annual
Interest
Accrued
Interest
Annual
Principal
Accrued
Principal
Remaining
Balance
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
 
AMORTIZATION SCHEDULE WITH PRE-PAYMENTS ADDED - OPTION TWO
Year
0
Loan
Amount
Extra to
Principal
New
Term
End
Payment
Payments
This Year
P&I +
Extra
Monthly
Payment
1
2
3
4
5
6
7
8
9
10
11
12