Prepayment Calculator

Calculate the effects of prepaying by completing the boxes below.

Mortgage Amount:
Interest Rate:  %
Initial Amortization Period: Year(s)  Month(s)
Initial Mortgage Payment:
Payment Frequency: Accelerated:
Lump Sum Payment (Annually): Period:  Year(s)
Mortgage Payment Increase (Annually) Period:  Year(s)

By making prepayments, the amount of time it will take to pay off your mortgage has been reduced by Year(s) and Month(s).
This also represents a savings of $ in interest.