ANSWERS: 1
-
I entered the figures you provided into an online amortization calculator. Applying $6000 to principle would knock off 17 payments. To knock off 60 payments (5 years) from where you currently stand at $227,000, you'd need to apply about $22395 to principle. Here's the calculator I used. http://www.yona.com/loan/
Copyright 2023, Wired Ivy, LLC