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Pre-Paying Low-Rate Mortgages

How to Read These Mortgage Pre-Payment Tables
The following charts will show you how much money you can save in bank interest by sending in a regular pre-payment every month, along with your required mortgage payment. For example, say you borrowed $150,000 for 30 years at 5%. Now look at the three numbers in red on the 5% chart. If that's your $150,000 mortgage, and you were to invest $100 a month in it, you'd save $34,604 in mortgage interest. That $100 a month is money you would have to pay sooner or later -- yet it's a rock solid investment that we call, "The Banker's Secret."

Pre-Payment Savings Table: 5%
Based on a 30 Year Mortgage
Loan Amount
Pre-
Pay 		$75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $400,000 $500,000
$25 $9,984 $10,389 $10,831 $11,068 $11,215 $11,316 $11,444 $11,523
$50 $17,302 $18,533 $19,968 $20,778 $21,299 $21,633 $22,136 $22,431
$100 $27,423 $30,578 $34,604 $37,068 $38,735 $39,937 $41,558 $42,600
$200 $38,997 $45,545 $54,846 $61,159 $65,736 $69,209 $74,138 $77,471

These numbers were calculated with The Banker's Secret Loan Software (courtesy of GoodAdvicePress.com) and may only be reprinted with this attribution.

Invest in Your Debts
From our point of view, unless you have credit card bills, you probably don't have a better investment opportunity than the roof over your head. But if you do owe on those pricey pieces of plastic, pay them off, first. The "yield" is fantastic. For example, if you pay 28% in federal, state, and local taxes, paying off a typical 17% credit card balance is the same as earning 23.5% on Wall Street before taxes! But unlike the stock market, paying off your mortgage or those plastic monsters is risk-free, guaranteed, and tax-free. Tax-free?! It's tax-free because you don't have to pay taxes on money you save yourself -- even if it's at 17%!

Interested in how to prioritize paying down your debts? Read "Turn Your Debts into Golden Investment Opportunities" in our book, Invest in Yourself: Six Secrets to a Rich Life. Have specific questions on mortgage pre-payment -- for example, what about tax deductions, what if you plan on moving soon, how about refinancing? Read our book The Banker's Secret. Want to crunch your own loan numbers and track how your lender credits payments and pre-payments? Get The Banker's Secret Software Package. For more information on pre-paying low-rate loans, click here.

More Pre-Payment Savings Tables
To make it easy for you to read the following tables, we've highlighted the pre-payment savings in each chart for a $150,000 mortgage with a $100 a month pre-payment.
Pre-Payment Savings Table: 5.25%
Based on a 30 Year Mortgage
Loan Amount
Pre-
Pay 		$75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $400,000 $500,000
$25 $10,766 $11,215 $11,706 $11,969 $12,134 $12,246 $12,389 $12,477
$50 $18,596 $19,950 $21,534 $22,431 $23,009 $23,412 $23,939 $24,268
$100 $29,357 $32,792 $37,194 $39,903 $41,740 $43,067 $44,862 $46,018
$200 $41,587 $48,646 $58,717 $65,588 $70,586 $74,389 $79,806 $83,480

These numbers were calculated with The Banker's Secret Loan Software (courtesy of GoodAdvicePress.com) and may only be reprinted with this attribution.

Pre-Payment Savings Table: 5.5%
Based on a 30 Year Mortgage
Loan Amount
Pre-
Pay 		$75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $400,000 $500,000
$25 $11,584 $12,081 $12,625 $12,918 $13,101 $13,226 $13,386 $13,484
$50 $19,942 $21,428 $23,170 $24,163 $24,803 $25,251 $25,836 $26,202
$100 $31,352 $35,084 $39,886 $42,857 $44,876 $46,342 $48,326 $49,607
$200 $44,240 $51,832 $62,708 $70,168 $75,614 $79,774 $85,713 $89,755

These numbers were calculated with The Banker's Secret Loan Software (courtesy of GoodAdvicePress.com) and may only be reprinted with this attribution.

Pre-Payment Savings Table: 5.75%
Based on a 30 Year Mortgage
Loan Amount
Pre-
Pay 		$75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $400,000 $500,000
$25 $12,442 $12,988 $13,591 $13,916 $14,119 $14,259 $14,437 $14,546
$50 $21,342 $22,965 $24,883 $25,977 $26,686 $27,183 $27,832 $28,239
$100 $33,413 $37,450 $42,684 $45,933 $48,152 $49,767 $51,955 $53,373
$200 $46,960 $55,097 $66,825 $74,904 $80,828 $85,368 $91,867 $96,307

These numbers were calculated with The Banker's Secret Loan Software (courtesy of GoodAdvicePress.com) and may only be reprinted with this attribution.

Pre-Payment Savings Table: 6%
Based on a 30 Year Mortgage
Loan Amount
Pre-
Pay 		$75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $400,000 $500,000
$25 $13,337 $13,940 $14,606 $14,967 $15,192 $15,346 $15,545 $15,667
$50 $22,795 $24,570 $26,672 $27,880 $28,663 $29,211 $29,932 $30,384
$100 $35,533 $39,901 $45,586 $49,139 $51,572 $53,345 $55,759 $57,326
$200 $49,741 $58,452 $71,062 $79,802 $86,232 $91,172 $98,276 $103,147

These numbers were calculated with The Banker's Secret Loan Software (courtesy of GoodAdvicePress.com) and may only be reprinted with this attribution.

Pre-Payment Savings Table: 6.25%
Based on a 30 Year Mortgage
Loan Amount
Pre-
Pay 		$75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $400,000 $500,000
$25 $14,271 $14,936 $15,672 $16,072 $16,321 $16,493 $16.714 $16,849
$50 $24,299 $26,237 $28,543 $29,873 $30,736 $31,343 $32,142 $32,643
$100 $37,713 $42,428 $48,599 $52,477 $55,139 $57,086 $59,744 $61,473
$200 $49,741 $58,452 $71,062 $79,802 $91,826 $97,197 $104,950 $103,147

These numbers were calculated with The Banker's Secret Loan Software (courtesy of GoodAdvicePress.com) and may only be reprinted with this attribution.

Pre-Payment Savings Table: 6.5%
Based on a 30 Year Mortgage
Loan Amount
Pre-
Pay 		$75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $400,000 $500,000
$25 $15,249 $15,979 $16,792 $17,233 $17,510 $17,701 $17,946 $18,097
$50 $25,863 $27,973 $30,499 $31,958 $32,910 $33,582 $34,465 $35,021
$100 $39,959 $45,038 $51,726 $31,958 $58,858 $60,995 $63,916 $65,824
$200 $55,482 $65,405 $79,918 $90,076 $97,615 $103,448 $111,981 $117,722

These numbers were calculated with The Banker's Secret Loan Software (courtesy of GoodAdvicePress.com) and may only be reprinted with this attribution.

Pre-Payment Savings Table: 6.75%
Based on a 30 Year Mortgage
Loan Amount
Pre-
Pay 		$75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $400,000 $500,000
$25 $16,269 $17,071 $17,967 $18,455 $18,762 $18,974 $19,246 $19,414
$50 $27,482 $29,778 $32,538 $34,142 $35,192 $35,933 $36,910 $37,526
$100 $42,266 $47,730 $54,963 $59,555 $62,738 $65,076 $68,285 $70,387
$200 $58,444 $69,008 $84,531 $95,461 $103,607 $109,926 $119,111 $125,479

These numbers were calculated with The Banker's Secret Loan Software (courtesy of GoodAdvicePress.com) and may only be reprinted with this attribution.

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