|Number of payments||360|
Step 1. Input the INITIAL LOAN DATE you took out the loan
Step 2. Select the calendar day of the PAYOFF DATE
Step 3. Input initial LOAN AMOUNT?
Step 4. Initial LOAN TERMS (30 years X 12 months = 360)
Step 5. Loan INTEREST RATE such as 6.5 %
Step 6. Click on CALCULATE
Step 7. Press on ESTIMATED PAYOFF
See Yellow Highlighted For Estimated Payoff.
The language that needs to be added to this calculator is "This is an estimated payoff calculator for existing mortgages you already have. The is not an offer or solicitation to sell. The estimated payoff does not include but not limited to per diem, fees, interest, penalties or other costs associated with a payoff or unique situation that you may or may not have. The purpose of this calculator is for the loan is for educational purposes only, such as a loan to be amortized, and help provide an estimated payment number you might or might not be on (or end date) by which you select on your own accord. This is in no way a final payoff, but as a guide and an educated guess and should not be used as a final payoff of your mortgage. Your payoff can be a complex number that can be different for each consumer as this calculator can not provide the actual payoff amount. To obtain the official payoff off your mortgage, please contact your current service provider and request the official one.