Principal vs. Interest
Payment Comparison
| BEFORE REFINANCING | BEFORE REFINANCING (ADD EXTRA MONTHLY PAYMENT) | AFTER REFINANCING | AFTER REFINANCING (SAME MONTHLY PAYMENT) | |
| MONTHLY PAYMENT | - | - | - | - |
| MONTHLY PAYMENT REDUCTION (-) / INCREASE (+) | - | - | - | - |
| TOTAL PAYMENT TO BE PAID | - | - | - | - |
| TOTAL INTEREST PAYMENT TO BE PAID | - | - | - | - |
| TOTAL INTEREST SAVING (-) / LOSS (+) | - | - | - | - |
| TOTAL TIME REDUCTION (-) / INCREASE (+) | - | - | - | - |
| PAYOFF DATE | - | - | - | - |
Full Comparison
-
borrowed on -
with a monthly payment of -
| Year | Month | Payment | Principal paid | Interest paid | Total interest | Balance |
-
borrowed on -
with a monthly payment of -
| Year | Payment | Principal paid | Interest paid | Total interest | Balance |
-
refinanced on -
with a monthly payment of -
| Year | Month | Payment | Principal paid | Interest paid | Total interest | Balance |
-
refinanced on -
with a monthly payment of -
| Year | Payment | Principal paid | Interest paid | Total interest | Balance |
-
refinanced on -
with a monthly payment of -
plus an extra monthly -
| Year | Month | Payment | Principal paid | Interest paid | Total interest | Balance |
-
refinanced on -
with a monthly payment of -
plus an extra monthly -
| Year | Payment | Principal paid | Interest paid | Total interest | Balance |
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