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The Mortgage Payoff Calculator is a tool to help determine the payment required to shorten the life of your mortgage. While it will work with most any installment loan, short-term loans (such as car loans) will not benefit much from this analysis because the overall amount of interest on such loans is small. Depending on your circumstances, you may find that a small amount of additional principal paid each month (possibly as little at $20) can shave years off the life of your mortgage and save you tens of thousands in interest you would otherwise pay.
PLEASE!! Read This Before Acting!
The Mortgage Amortization Calculator computes loan amortization tables.
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