National Principal Reduction Center

MORTGAGE PRINCIPAL REDUCTION CALCULATOR

A mortgage principal reduction calculator, also known as a PRP calculator is an online financial tool used to determine what your estimated principal reduction amount, a new mortgage, and what your monthly mortgage payment will be. The calculated results are total income, proposed housing amount, total debt, debt to income ratio, net monthly savings, net yearly savings, positive equity gained, and negative equity eliminated. The calculated results are based on several variables such as first loan amount, second loan amount, your current monthly mortgage amount, your total monthly income, total monthly debt payment and CURRENT market value. Click here for a detailed principal reduction calculator form.