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how to pay a mort. off in 5 years

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pdjackson40 Joined: 11 Jan 2009 Posts: 2 1.77 Dollars($)	Posted: Sun Jan 11, 2009 6:24 pm    Post subject: how to pay a mort. off in 5 years Like 0 Dislike 0 how much extra should i pay a month to accomplish paying a 140,00 loan in 5 years with a 7% intrest rate
jeffgar7777 Joined: 11 Jan 2009 Posts: 2 1.53 Dollars($)	Posted: Sun Jan 11, 2009 10:13 pm    Post subject: Teh mnortgage calculator on the right ---see financial tools Like 0 Dislike 0 2772.17 is the full amount per month for 5 years. Don't how much extra, because there is not info. I would recommend asking the note holder for a more accurate result. I would also look into discounts to the overall balance when paying that much extra.
helping_user Joined: 31 Mar 2006 Posts: 806 Location: Hawaii 158.49 Dollars($)	Posted: Sun Jan 11, 2009 11:43 pm    Post subject: Like 0 Dislike 0 Welcome pdjackson. You can use the FRM Calculator to find out what monthly payment is required in order to pay off a mortgage in 5 years at 7% interest rate. Then you can subtract your current monthly payment from the figure you've calculated. That'll give you the extra amount you need to pay. Thanks.

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