SELF-STORAGE FINANCING
Prepayment Penalty Calculator
Don't let prepayment penalties scare you. Sometimes paying a loan prepayment penalty will enable you to take advantage of other attractive benefits of a new loan, such as a lower interest rate or pulling out your trapped equity (cash out).
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Borrower Information
*First Name:
*Last Name:
Phone:
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Loan Information
Date of original loan
Original loan amount
Original loan interest rate
Date that loan is due (mm/yyyy)
Loan amortization period (# years)
Type of prepayment penalty
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Flat %
Yield Maintenance
Defeasance
If flat fee, indicate %
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current interest rates.
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