Early Mortgage Payoff

If you have taken a home loan, you would have realized how much it pains when you give your EMI every month. On top of it if you had taken floating rate loan and interest rates rise, it will pinch even more. If you want to know how much you can reduce the EMI and the interest payments by pre-payment, Early Mortgage Payoff can help you a lot. It will calculate how much money you will save by just paying $10 or $20 extra principal every month. It will also calculate the percentage savings you will make by paying the extra principal. It has columns for additional principal, monthly principal, monthly interest, accumulated interest to make you understand better how you are saving the money. You can change the each amount and see how much difference it will make. It can motivate you to pay your debt early. There is no magic and the software is based on simple math.

Many home owners are not fully aware how much money can be saved in interest expense by shortening the life of a mortgage. Early Mortgage Payoff was written to show the homeowner the HUGE savings that can be realized by making additional principal payments to a loan. There are no gimmicks here, just simple math! Most homeowners would love to burn their mortgage papers.