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Phrases with «prepayment calculator»

A prepayment calculator is a tool that helps you estimate how much money you can save by making extra payments towards a loan or mortgage before its scheduled due date. It allows you to see how these additional payments can reduce the total interest you would have to pay and shorten the time it takes to pay off your debt. Full definition

Sentences with «prepayment calculator»

  • This student loan prepayment calculator takes into account your loan amount, your interest rate, your term length, and the extra amount you can put towards your loans each month or the date you want to finish paying of by. (lendedu.com)
  • The Mortgage Prepayment Calculator results are based on the information you provided and are for illustrative and general information purposes only. (cibc.com)
  • See the student loan prepayment calculator above to see how much you can save through these extra payments. (lendedu.com)
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