Southern Maryland Online - Serving Calvert County, Charles County, St. Mary's County, Naval Air Station Patuxent River, Naval Surface Warfare Center.  Click here to go to the Front Page of somd.com.
 
| Write Us | Help | Sponsors | Classifieds | Employment | Forums | MarketPlace | Calendar | Headlines | Announcements | Weather | More... |

[ Affordability Calculator | Convertible Balloon Mortgage Calculator |
| Mortgage Payment Table | Income Requirement | Mortgage Calculator |
| How Will Prepaying Change my Loan | Prepayment Mortgage Reduction | Prepayment vs. Investment - A Scenario ]

Prepayment vs. Investment -- A Scenario

This calculator allows you to compare what would happen if you took one of two choices with some extra cash you have -- prepaying your mortgage each month, or investing it instead. This tries to take into account your tax situation and assumes you always itemize (even late into your mortgage when your interest will be lower -- We are assuming you give to charities, and pay state and local taxes too!)
Change these fields as desired:
How much more you want to spend each month $
Current monthly payment (principle & interest only) $
Current Annual Mortgage Interest Rate %
Current Mortgage Balance $
Expected Long Term Investment Return %
Expected Long Term Tax Rate (Federal+State) %
Investment Type

[ Affordability Calculator | Convertible Balloon Mortgage Calculator |
| Mortgage Payment Table | Income Requirement | Mortgage Calculator |
| How Will Prepaying Change my Loan | Prepayment Mortgage Reduction | Prepayment vs. Investment - A Scenario ]