Prepayment Calculator
Prepaying on your home mortgage can greatly reduce the loan term. To find out how quickly a few extra dollars a month can add up, enter your current principal balance and total monthly payment below.
 
Current mortgage balance $
Remaining term on your current mortgage years, months
Current interest rate %
Extra payments amount $
Results options
 

This calculator is provided for convenience and illustrative purposes only.    The accuracy of the calculation is not guaranteed by First Bank.   It is not meant to provide any form of legal, tax or other financial advice, nor is it to be considered an indication of credit approval.   First Bank encourages you to discuss your individual financial circumstances with the appropriate professional advisor.