EveryCalc

Finance category

Mortgage, loan, investing, tax, and money calculators.

Browse finance

Yield Maintenance Premium Calculator

Yield maintenance protects lenders when a loan is paid off early. This calculator sizes the premium from remaining interest and reinvestment rate.

$
%
%

Yield maintenance premium

$302,969

Total payoff

$5,302,969

Premium % of balance

6.06%

How the math works

Premium = present value of (note rate − reinvest rate) × balance × remaining term. When Treasury ≥ note rate, premium is zero.

Yield maintenance is punitive early in the term and softens near maturity. Stage refis inside the open-prepay window or defease to Treasury collateral when the premium would exceed the interest savings from refinancing.

Editorial noteMaintained by EveryCalc - Reviewed June 2026

EveryCalc calculators are designed for fast, practical estimates with transparent inputs and no required account. We use plain formulas, visible assumptions, and related tools so visitors can check the result from more than one angle.

Results are informational only. For financial, tax, legal, medical, construction, or other high-impact decisions, verify the output against primary sources or a qualified professional.

Learn more about our review process on the EveryCalc methodology page.

How this calculator works

What this page estimates

This Yield Maintenance Premium Calculator is built to give a quick, browser-based estimate for yield maintenance premium. Yield maintenance protects lenders when a loan is paid off early. This calculator sizes the premium from remaining interest and reinvestment rate. The inputs stay on the page during normal use, and the result should be treated as an estimate for planning, comparison, or education rather than professional advice.

Calculation approach

The calculator applies the standard relationship implied by the inputs, then formats the answer so it can be checked and reused. For finance tools, the most important step is using consistent units, rates, time periods, and assumptions before comparing the result with another calculator or outside quote.

Example workflow

For example, start with a realistic value you already know, change one input at a time, and watch how the answer moves. That makes it easier to tell whether the result is being driven by the main amount, the rate, the time period, or a unit conversion.

Practical checks

  • Use current, real-world numbers when the result affects money, health, tax, or legal decisions.
  • Run a low, base, and high case when the inputs are estimates.
  • Check the related calculators below when the next decision depends on a different assumption.

How to interpret the yield maintenance premium result

Best use

Use the result as a planning number for comparing payments, rates, returns, tax reserves, or cash-flow choices before you request a quote or make a commitment.

Cross-check

Compare the answer with the contract, lender estimate, tax form, brokerage statement, payroll record, or invoice that will control the real-world outcome.

Watch for

Do not rely on a single optimistic rate, return, or fee assumption. Money pages work best when you run low, base, and high cases and keep professional advice separate from the estimate.

This page belongs to the Finance calculator library, so the answer should be read in the context of the decision you are modeling rather than as a universal rule.

Before relying on this yield maintenance premium estimate

Most calculator mistakes come from the inputs, not the arithmetic. Use this short audit before you reuse the answer in a spreadsheet, quote, application, or important conversation.

Confirm source numbers

Match balances, rates, fees, taxes, income, and payment dates against the lender quote, payroll record, tax form, statement, invoice, or contract.

Separate cash flow from total cost

A lower monthly payment can still cost more over time if fees, interest, taxes, or a longer term are hidden in the structure.

Run conservative cases

Test at least one higher-cost or lower-return case before using the output for a purchase, refinance, investment, loan, or tax decision.

Rerun this page when the rate, price, term, fee, tax rule, income, expense, or expected holding period changes.

How to Use

  1. Enter current loan balance.
  2. Enter the note rate.
  3. Enter Treasury/reinvestment rate.
  4. Enter months remaining to maturity.
  5. Read the premium and total payoff.

Frequently Asked Questions

What is yield maintenance?

A prepayment fee that makes the lender whole by paying the present value of interest they would have earned versus reinvesting at the Treasury rate through maturity.

When does it apply?

Fixed-rate CMBS, life company, and agency loans commonly use yield maintenance, especially during the first 80-90% of term. Expect a small yield maintenance window near maturity where open prepayment is allowed.

Premium size?

Higher when note rate exceeds Treasury and many months remain. Zero when Treasury matches or exceeds note rate. Typical range 3-12% of balance on mid-term prepayments.

Related Calculators

More Finance Calculators

Browse all finance

Keep exploring

Next steps in Finance

View finance hub →