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Your payment is $5,994.18 for 3 years with a rate of 5.000%.

Mortgage Summary
Loan amount$200,000.00
Term3 years
Interest rate5.000%
Monthly payment$5,994.18
Total payments$215,790.44
Total interest$15,790.44

Total Payments Mortgage Balance by Year

Prepayment Results

Principal prepayments on your mortgage can save you a great deal of interest. They can also shorten the time it takes to pay off your mortgage, in many cases, by several years.

Prepayment Summary
Amount None
Start with payment 
Total payments 
Total interest 
Interest savings 

Payment schedule




Year

Total
Payments

Principal
Paid

Interest
Paid
Ending
Principal
Balance
    $200,000.00
1$71,930.16$63,369.30$8,560.86$136,630.70
2$71,930.16$66,611.39$5,318.77$70,019.31
3$71,930.12$70,019.31$1,910.81$0.00

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