Mortgage Prepayment Exercise - Scenario 1
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In this scenario we take the base case mortgage presented in the Scenario 0 spreadsheet and apply a lump-sum principal payment of $3000.00 every 10-months starting in month 10. The result is the effective amortization is reduced to 17.5 years and the total interest paid is reduced by $34,633.44 (44.6%)
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