Mortgage Summary Amount: $100,000.00 Payment: $777.90 Term: 30 years Periods: 360 Total Interest: $127,544.49 Interest rate: 6.50% Property Tax: 1.25% Total tax: $37,500.00 PMI rate: 0.50% Total PMI: $15,000.00
Monthly Versus Bi-Weekly Payments Monthly: $777.90 Bi-Weekly: $383.34 Total Interest: $127,544.49 Total Interest: $97,967.92 Total Interest Savings: $29,576.57 72 months shorter loan
Year Interest Principal Balance 1 6,467.09 1,117.73 98,882.27 2 6,392.23 1,192.58 97,689.69 3 6,312.37 1,272.45 96,417.24 4 6,227.15 1,357.67 95,059.57 5 6,136.22 1,448.60 93,610.98 6 6,039.21 1,545.61 92,065.37 7 5,935.69 1,649.12 90,416.24 8 5,825.25 1,759.57 88,656.68 9 5,707.41 1,877.41 86,779.27 10 5,581.67 2,003.14 84,776.13 11 5,447.52 2,137.30 82,638.83 12 5,304.38 2,280.44 80,358.39 13 5,151.66 2,433.16 77,925.23 14 4,988.70 2,596.11 75,329.12 15 4,814.84 2,769.98 72,559.14 16 4,629.33 2,955.49 69,603.65 17 4,431.39 3,153.43 66,450.23 18 4,220.20 3,364.62 63,085.61 19 3,994.87 3,589.95 59,495.66 20 3,754.44 3,830.38 55,665.28 21 3,497.91 4,086.90 51,578.38 22 3,224.21 4,360.61 47,217.77 23 2,932.17 4,652.65 42,565.12 24 2,620.57 4,964.25 37,600.87 25 2,288.11 5,296.71 32,304.16 26 1,933.38 5,651.44 26,652.72 27 1,554.89 6,029.93 20,622.79 28 1,151.05 6,433.76 14,189.03 29 720.17 6,864.65 7,324.38 30 260.43 7,324.38 0.00