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ANIMAL SHELTER

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3074 Morning Star Road, Appomattox, VA

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    Mortgage Calculator     
    Calculators Provided by: IMAGEPROWEBSITE.COM

    Mortgage Length Calculator

    Input Information
    Loan Information
    Amount : ($)
    Interest Rate : (%)
    Length : (Years)
    Considered Monthly Payment
    Monthly Payment : ($)

    Financial Analysis (Switch to Plain English)
    Original Payment : $1,122.61
    New Payment : $1,304.12
    New Length of Loan : 23 Years 6 Months
    Plain English Help (Switch to Financial Analysis)

    If you start to pay more or less toward your mortgage each month than the original payment amount, you can save or add a number of years to the length of your mortgage. Even the difference of just $40 can save you a couple of years or add a couple years to the length of your payment.

    If you took out a mortgage loan for $250,000.00 with a 3.500% interest rate, for example, you could expect to pay $1,122.61 per month. If you change your payment to $1,304.12, however, you will have to pay on your mortgage for 23 year(s) and 6 month(s) instead of 30 years.

    DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.