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PREPAYMENT SAVINGS CALCULATOR

Prepayment Savings Calculator

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.

Loan Type

Default amounts are hypothetical and may not apply to your individual situation. This calculator provides approximations for informational purposes only. Actual results will be provided by your lender and will likely vary depending on your eligibility and current market rates.

Results

Loan Term Reduction

0 years

Interest Savings

$0.00
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NMLS     |     FAIR LENDER     |     FAIR HOUSING

A nonprofit organization established in 1975, NHS is committed to offering Chicago residents affordable resources so they can buy, fix, and keep their homes. We partner with residents, block clubs, neighborhood organizations, financial institutions, the City of Chicago, insurance companies, corporations and foundations so that families can protect and preserve their single biggest investment—their homes. Our mission is creating opportunities for people to live in affordable homes, improve their lives, and strengthen their neighborhoods. Copyright © 2020 Neighborhood Housing Services of Chicago, Inc. All rights reserved.

All loans are offered through Neighborhood Lending Services, Inc. (NLS), a nonprofit Illinois Residential Mortgage licensee (#MB.0000661) and an Equal Opportunity Housing lender.

1279 N. Milwaukee Ave., 4th Floor Chicago, IL 60622

(773) 329-4111    |     homeownership@nhschicago.org

NMLS     |     FAIR LENDER     |     FAIR HOUSING

A nonprofit organization established in 1975, NHS is committed to offering Chicago residents affordable resources so they can buy, fix, and keep their homes. We partner with residents, block clubs, neighborhood organizations, financial institutions, the City of Chicago, insurance companies, corporations and foundations so that families can protect and preserve their single biggest investment—their homes. Our mission is creating opportunities for people to live in affordable homes, improve their lives, and strengthen their neighborhoods. Copyright © 2020 Neighborhood Housing Services of Chicago, Inc. All rights reserved.

All loans are offered through Neighborhood Lending Services, Inc. (NLS), a nonprofit Illinois Residential Mortgage licensee (#MB.0000661) and an Equal Opportunity Housing lender.