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Prepayment Savings
Making additional mortgage payments reduces your interest costs by shortening the time it takes to pay off your mortgage and lowering your balance along the way.

* Additional Payment Amount: $
Make First Additional Payment:  
* Present Loan Balance: $
* Interest Rate:    %
* Remaining Loan Term:    Years  Months
  Loan Type:  
  Show Amortization Table?  

 
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The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.
Alerus Mortgage, a division of Alerus Financial, N.A.
11100 WAYZATA BLVD., Suite 570, MINNETONKA, MN  55305
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Fax:  (952) 593-1634
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