Pay Extra Principal | Neil Shelton
See how extra monthly principal cuts total interest and shortens your mortgage. Compare your standard payment with a prepayment plan.
Neil Shelton, Mortgage Loan Originator
Shelton Mortgage Team powered by Edge Home Finance, LLC
Phone: (863) 207-5491
Email: [email protected]
NMLS# 1668076
Company NMLS# 891464
Licensed in: AL, CO, FL, IL, WI
Shelton Mortgage Team powered by Edge Home Finance, LLC | Neil Shelton, NMLS 1668076 Company NMLS 891464 | Not affiliated with or endorsed by any government agency. All loans subject to credit, underwriting approval, and lender requirements. Terms, conditions, and programs may change without notice. This is not a commitment to lend or extend credit. Equal Housing Opportunity.
Pay Extra Principal | Neil Shelton
See how extra monthly principal cuts total interest and shortens your mortgage. Compare your standard payment with a prepayment plan.
What extra principal could save you?
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Let's turn extra principal into a clear plan.
See your standard payment beside a plan with extra principal each month — and how much interest and time that extra dollar can cut. The team can assist in 49 states.
Extra goes to principal only. Your required payment stays the same; the additional amount is applied after interest each month.
Interest you could save
Time shaved off:
Standard
With extra
This extra principal is the equivalent of a rate on the same loan over 30 years.
TIP (total interest percentage) is the lifetime interest you would pay as a percent of the loan amount — on the standard payment, with extra principal.
An estimate for a fixed-rate loan with extra principal each month. Taxes, insurance, and HOA are not included. Confirm prepayment terms with your servicer.
Standard monthly P&I
Extra principal
Enter an extra monthly principal amount to see interest saved and months or years shaved off the term.
This calculator is designed for educational purposes only. Results are estimates and should not be considered financial advice.
A PDF of your prepayment comparison is on its way to the email you provided. We'll follow up personally as well.
We'll email a PDF of this comparison to the address you provide, then help you decide whether extra principal, a refinance, or both fits better.
Your information is secure and will never be sold. By submitting, you consent to be contacted about mortgage options.
Extra principal can change the math. I'll help you weigh prepayment against other uses of cash — including a refinance, if the rate is worth it.
Your Northern Colorado mortgage broker, proudly serving Loveland, Timnath, Fort Collins, Windsor, Berthoud, Wellington, Johnstown, Severance, and surrounding communities. Our team also offers mortgage financing solutions across 49 states.
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