Join Early Retirement Today
Reply
 
Thread Tools Display Modes
A little Math help please
Old 02-11-2008, 08:51 AM   #1
Recycles dryer sheets
 
Join Date: Jun 2005
Posts: 103
A little Math help please

Can anyone help me figure some Mortgage prepay numbers please.... I found some calculators but none do a combination of monthly and yearly lump overpayments.


Here are the details.

Mortgage balance 245,000
30 year
Fixed % 6.625

Want to prepay 250 per month and a 15,000 lump sum at the end of every year.

Anyone know how to figure when it will be paid off and what my interest savings will be combining those 2 prepays?

Thanks
nnkrealtor is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-11-2008, 09:04 AM   #2
Recycles dryer sheets
 
Join Date: May 2007
Posts: 216
If I'm reading your question right, this calculator ought to work fine for you:

Mortgage calculator - Interest.com
__________________
"...I'm the kind of guy who if he can't have too much of a thing doesn't want any at all."
GatorBuzz is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The Toilet and The Seat - Let's Do The Math Danny Other topics 26 06-06-2008 03:34 PM
Printer math Nords Other topics 16 04-17-2007 07:04 PM
Need Help w/ Math... " ) Tommy_Dolitte Young Dreamers 6 10-30-2005 02:59 PM
Help with math Guest Other topics 8 01-04-2005 04:56 PM

» Quick Links

 
All times are GMT -6. The time now is 10:15 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.