Wisconsin
Mortgage Apply Now Loan Programs Rate Tracker Home
 
:: Quick Links
:: Mortgage Resources
 
Interest Rates Apply Now Calculators Pre-qual Letter
 
:: Programs
 
Conventional VA No Income Verification No Down Payment Credit Problems 103% Purchase
 
:: Company Info
 
Contact Us Testimonials About Us
 
:: Partners
 
Realtors
 

Prepayment vs. Investment

This form allows you to compare what would happen if you took one of two choices with some extra cash you have -- prepaying your mortgage each month, or investing it instead. This tries to take into account your tax situation and assumes you always itemize (even late into your mortgage when your interest will be lower.
Change these fields as desired:
How much more you have to spend each month
Current monthly payment (principal & interest only)
Current Annual Loan Interest Rate
Current Loan Balance
Loan Interest Deductibility
Expected Long Term Investment Return (%)
Expected Long Term Tax Rate (%) (Federal+State)
Investment Type

:: Market Info

Quick Quote

Rate APR Points
30 Year Fixed
5.875% 5.912% 0.000
15 Year Fixed
5.625% 5.687% 0.000
10 Year Fixed
5.625% 5.713% 0.000
5/1 Arm
5.500% 5.332% 0.000
5/1 jumbo
5.500% 5.309% 0.000
7/1 arm
5.750% 5.403% 0.000
7/1 Year ARM Jumbo
6.000% 5.442% 0.000

Assumptions   Apply Now!
:: Special Offer

*Special Offer

:: Help
 
Common Questions The Loan Process Glossary