Somewhere in your paperwork from closing you should have an Amortization schedule. It will have all payment information about how much is going to interest and principal with each payment as well as the date of final payment. If you don't have one your mortgage holder can provide you with one for a fee of about $15 or $20.
If you have a mortgage account then there will be a mortgage payoff calculator for you to use to determine what the early payoff quote would be. I would try that.
You can find an excellent mortgage payoff calculator at Bankrate's website. Their mortgage payoff calculator lets you add the number of years reaming in your mortgage along with letting you add the mortgage amount as well as the annual interest rate. These are just some of the features that are offered in there mortgage payoff calculator.
You will then have one mortgage and not two.
Bank of America Mortgage Payoff Phone Number: 1.800.763.1255
To obtain a payoff from Wells Fargo, you can call their customer service at 1-800-416-1472. This number is specifically for mortgage inquiries, including payoff requests. Have your account information ready to expedite the process. Alternatively, you can also check your account online through their website or app for payoff details.
You can use a mortgage payoff calculator to give you some idea on what the cost would be to pay off your mortgage using different time tables. They are generally reliable, but are not completely risk-free, as there could be changes in the rates, etc, from when you calculate and when you do the actual payoff.
Mortgage Payoff Calculator How much interest can you save by increasing your mortgage payment? This financial calculator helps you find out. Click the "View Report" button to see a complete amortization payment schedule and how much you can save on your mortgage.
When a loan is paid off, the mortgage company gives an estimated payoff amount. This is based on a specific date. If the payoff date is before that date, the interest amount will be less than estimated. The excess payment results in a refund called an ESCROW BALANCE REFUND.
There are a few different websites where you can find information about mortgage payoff calculators. A couple I can personally recommend are www.moneyadviceservice.org.uk and www.mortgage-calc.com
You can find websites by looking around online. Most mortgage websites offer mortgage payoff calculators to help their customers decide which loan is feasible for them before applying.
The money must eventually get to the mortgage holder. I am not sure what you want to know.
Mortgage payoff calculators are accurate, however they are only accurate if your morgagte doesn't change in the future. For example, if you change your rate and refinance, a prior calculation might not be accurate.