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Neighborhood Credit Union

What Prepayment Does to Your Loan

This calculator takes a principal amount, interest rate, normal length of the loan, and then will compute results utilizing your choice of a either how much total a month to pay, or how long you want to pay. It also calculates for credit cards and other non-amortized lines of credit that use simple compounding of interest.
Enter your loan amount:  
Your interest rate: % (1 to 100)
Amortized Length of mortgage:
Enter "0" for credit card and other non amortized lines of credit
This is value you want to set