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Original or expected balance for your mortgage.
Term in years:
The number of years over which you will repay this loan. The most
common mortgage terms are 15 years and 30 years.
Annual fixed interest rate for this mortgage.
Monthly principal and interest payment (PI).
Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.
The frequency of prepayment. The options are: none, monthly, yearly, and one-time payment.
Amount that will be prepaid on your mortgage. This amount will be applied to the mortgage principal balance, based on the prepayment type.
Total amount of interest you will save by prepaying your mortgage.