Mortgage and Long-term Loan Calculations   Dedicated to Debt Relief
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Notes: These are not exact figures but are close. The figures are on a yearly basis rather than monthly figures and are slightly off (on a period of over 5 years and less accuracy on a shorter-term loan.)   Numbers in parentheses are negative numbers. So a loan balance of $(1400) would mean that the loan was paid off before the end of the selected year.     Copyright 2008 Sumerford System Seven LLC     All rights reserved.

Entry Form (Do not enter commas.)
Beginning Loan Balance:     Interest Rate (examples-- 5 /  7.5 /  7.125 ):
Monthly Mortgage Payment:
    Extra Monthly Payment:   (An extra amount paid each month on the loan, in addition to the regularly monthly payment.)
1 extra payment per year on the mortgage or other long-term loan:
Beginning Year     2007 2008 2009 2010 2011 2012       Calculate table of loan values    

Long-term Loan Calculations Table

Beginning Loan Balance	Interest Rate	Interest for Year	Monthly Mortgage Payment	Year	Payments on Principal			Ending Loan Balance
					from Loan Payments for Year	from Extra Monthly Payment for the Year	from 1 Extra Payment for Year
									Copyright 2008 Sumerford System Seven LLC     All rights reserved.

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