Mortgage Prepayment Calculator

Paid Months: Number of months from loan start to present

Reduce Term: Keep monthly payment unchanged, reduce loan term

Reduce Payment: Keep loan term unchanged, lower monthly payment

Equal Payment: Same monthly payment amount

Equal Principal: Same monthly principal, decreasing interest

• Best Timing: Most effective during first 1/3 of loan term

• Fund Consideration: Keep 3-6 months of living expenses

• Investment Comparison: Compare investment returns with loan interest rate

• Penalty Fees: Understand bank's prepayment policies

• Tax Impact: Consider mortgage interest tax deduction policies

• Reduce Term: Save more interest, suitable for stable income

• Reduce Payment: Lower repayment pressure, suitable for unstable income

• Equal Payment: More interest upfront, better prepayment effect

• Equal Principal: Higher payments upfront, less pressure later

• Prepayment may require penalty fees

• Some banks require minimum prepayment amounts

• Consider opportunity cost of funds

• Maintain adequate liquidity reserves

• Monitor interest rate trends