Extra mortgage Payment 2675 44th Street S.W., Suite 206
Wyoming, MI 49519
Phone No. # (616) 301-1811
Fax No. # (616) 301-2447		 Michigan VA Veteran Mortgage Loan Michigan Rural Development Mortgage Loan Michigan FHA Mortgage Loan

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Copyright 2004 - 2012
Inter-Lake Mortgage Company, LLC
( all rights reserved )
Michigan Mortgage Company
NMLS # 139327

Michigan Extra Mortgage Payment Calculator

Buying a home or refinancing your mortgage, there may be many questions you may have on saving money or your term of your mortgage based on extra payment amounts. Let this one of many mortgage related calculators guide you through matters such as whether to make extra payments on your mortgage loan.

Please enter your information below (For your convenience we have filled in common values. Feel free to change amounts as they apply to your situation.)

Original Loan Terms:

Loan Amount

Appraised Value of Your Home

Term in Years

Yearly Property Taxes

Yearly Homeowners Insurance

Interest Rate of the Loan

 %

Extra Payments:

Additional Monthly Payment

Months Until You Start Extra Payments
Extra Payment Calculator

Results

Without Extra Payments

With Extra Payments

Monthly Payment

Principal and Interest

Taxes and Insurance

Mortgage Insurance

Total Monthly Payment

Months Until Payoff

Total Interest Paid

Veteran Owned
Company

Veteran Owned Company

Current Rates

30 Yr Fixed
$200,000		 4.125%
APR 4.507%
15 Yr. Fixed
$200,000		 3.375%
APR 3.633%
FHA Rate
$200,000		 3.625%
APR 4.125%
30 Yr Jumbo
$500,000		 5.125%
APR 5.220%
15 Yr Jumbo
$500,000		 4.750%
APR 4.925%
30 Yr Land
$100,000		 5.350%
APR 5.565%
15 Yr Land
$100,000		 4.450%
APR 4.816%
Float Land
$100,000		 3.750%
APR 4.025%
Prime Rate 3.250%
Commercial
$500,000		 6.375%
APR 6.723%

Interest rates, mortgage program terms and conditions are subject to change without notice. Loans are subject to credit review and approval. Properties securing all loans must be located in Michigan.

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