Prepaid Interest by Close Date
Loan Inputs
Daily interest uses a 365-day year: loan amount × rate ÷ 365. Prepaid interest is charged from the close date through the last day of that month, inclusive. The first payment date is the 1st of the month after next. Loan amount is price × LTV. Illustration only.
Prepaid Interest Result
Enter inputs and click Calculate Prepaid Interest.
| Loan Amount | — |
|---|---|
| Interest Rate | — |
| Close Date | — |
| Days in Close Month | — |
| Days of Interest Due | — |
| Daily Interest | — |
| First Payment Date | — |
| Prepaid Interest Due | — |
