Mortgage Amortization Report (Fixed Rate)

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Amortization Summary

Based on your input, to maintain a 12-year mortgage of $0.00 at 5% interest rate for a $195,000.00 home, you need to have a monthly payment of $212.50. You will make a total of 144 payments and you will pay off your mortgage on 2016/02.

Home Value:
Principal:
Interest Rate:
Loan Term:
PMI:
Property Tax:
Insurance /mo:
Start Date:
Number of Payments: 144
Monthly Payment: $212.50
Pay Off Date: 2016/02
Total Interest Paid: $0.00
Total PMI Paid: $0.00
Total Tax Paid: $162.50
Total Insurance Paid: $50.00
Total Amount Paid: $212.50

Loan Comparison

You can save $0.00 in interest by paying off your mortgage through bi-weekly payments! Here is a loan comparison table to show you different loan terms and payment types:

 

Loan Term Type Payment Amount Interest Rate Pay Off In Home Value + Interest Interest
32 years Monthly $0.00 5% 384 months $195,000.00 $0.00
32 years Bi-Weekly $0.00 5% 328 months $195,000.00 $0.00
27 years Monthly $0.00 5% 324 months $195,000.00 $0.00
27 years Bi-Weekly $0.00 5% 277 months $195,000.00 $0.00
22 years Monthly $0.00 5% 264 months $195,000.00 $0.00
22 years Bi-Weekly $0.00 5% 225 months $195,000.00 $0.00
17 years Monthly $0.00 5% 204 months $195,000.00 $0.00
17 years Bi-Weekly $0.00 5% 174 months $195,000.00 $0.00
12 years Monthly $0.00 5% 144 months $195,000.00 $0.00
12 years Bi-Weekly $0.00 5% 123 months $195,000.00 $0.00

(Payment Amount does not include property tax, insurance, or PMI)

Amortization Chart

Date Principal Interest PMI Tax Insurance Monthly Balance
1 2016/02 $0.00 $0.00 $0.00 $162.50 $50.00 $212.50 $0.00
Totals $0.00 $0.00 $0.00 $162.50 $50.00 $212.50
Home Value:
Principal:
Interest Rate:
Loan Term:
PMI:
Property Tax:
Insurance /mo:
Start Date:
Number of Payments: 144
Monthly Payment: $212.50
Pay Off Date: 2016/02
Total Interest Paid: $0.00
Total PMI Paid: $0.00
Total Tax Paid: $162.50
Total Insurance Paid: $50.00
Total Amount Paid: $212.50

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