Neuro Luxor 2010  

Let us say you have taken a mortgage loan 3 years ago, and now your monthly income is higher and you can afford to pay more towards your loan. You want to find out how many months or years you can cut off your loan and how much money will you save by doing that. Instead of calling or paying a visit to your bank officer, you can get your answer online by simply using the mortgage calculator. Put in the details of your current loan; the mortgage value, the interest rate, the number of years, the start date of the loan, and press calculate. The calculator will generate an amortization table with all the details. Now do it again; this time put in your mortgage payment calculator value as of today, the same interest rate, use a higher monthly installment, and today’s date. Press enter and compare both amortization tables. Comparing both amortization schedules will show you the difference in total interest paid and the loan duration.