Calculate exact exit payoff fees across 5-4-3-2-1 step-down, 3-2-1 step-down, flat 3-year, and 6-month interest structures based on payoff month (zero interest rate quotes).
A 5-4-3-2-1 step-down prepayment penalty charges 5% of the remaining loan balance in Year 1, 4% in Year 2, 3% in Year 3, 2% in Year 4, and 1% in Year 5 (0% after Month 60), whereas a 3-2-1 step-down eliminates prepayment fees completely after Month 36.
Compliance Note: Educational structural underwriting models only; zero interest rates, APRs, or points are quoted. Loan Daddy LLC (NMLS #2827624 · AZ CMB #CMB-2016143 · CA CFL #60DBO-218873 · (480) 485-1229) is a mortgage broker, not a lender.