With her regular loan payments, she wants to extra pay her loan in two ways: Suppose, Fallon has taken a mortgage loan of an amount for her newly bought home. ![]() This time I will use the Mortgage Payoff Calculator for Extra Payment (Recurring / Irregular / Both). Just change the Extra Payment Frequency from Monthly to Quarterly.īlake finds that after every 3 months, he has to pay $2892.20 extra to pay off the loan in the next 10 years.Įxample 3: Application of Recurring Extra Payment ![]() What if Blake wants to pay the extra payment quarterly, not monthly?
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