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Debt Cafe Added Payment Calculator
Saturday, February 4th, 2012
Added Payment Calculator

Did you ever wonder what effect adding a few dollars to your regular monthly payment will do to your mortgage? You might be in for a surprise. In some cases you might be better off to apply thos extra dollars to your loan than to put it into an investment account. Try this calculator and find out what your savings will be if you consolidate debt and put the extra money saved into your mortgage.
Enter the principal balance owed:
Enter your annual interest rate:
Enter your monthly payment amount:
Enter an amount to add to your monthly payment:

  


Current Number Of Months To Payoff:
New Number Of Months To Payoff:
Number Of Months Saved:
Your Interest Cost Now:
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Total Saved Interest:
Your Annual Rate of Return:



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