Because monthly
payments cost the insurance company more in personnel and paperwork, that
extra expense is typically passed on to you in the form of monthly fees; by paying all at once, you eliminate these fees and lower your
yearly insurance costs.
To calculate the savings, click «Amortization /
Payment Schedule» link and enter a hypothetical amount into one of the payment categories (monthly, yearly or one - time) and then click «Apply Extra Payments» to see how much interest you «ll end up paying and your new payof
Payment Schedule» link and enter a hypothetical amount into one of the
payment categories (monthly, yearly or one - time) and then click «Apply Extra Payments» to see how much interest you «ll end up paying and your new payof
payment categories (monthly,
yearly or one - time) and then click «Apply
Extra Payments» to see how much interest you «ll end up paying and your new payoff date.