early loan settlement calculator

The Consumer Credit Early Settlement Regulations 2004 allow lenders to charge up to 58 days interest when you decide to repay your loan in full early. To use the early payoff mortgage calculator simply enter your original loan amount when you first received the loan along with the date you took out the home loan.

Loan Payoff Calculator Template For Google Sheets

Then enter the loan term which defaults to 30 years.

. You may also enter 360 months for a 30-year loan or 15 years for a 15-year fixed or 180 months depending on loan type desired. If youre nearing the end of the loan term make sure that its worth making the early repayment and consider the interest youll pay.

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