Prepayment Calculator

Calculate the effects of prepaying by completing the boxes below.
Click on HELP for any box if you do not know what to enter.

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1. Mortgage Amount $
2. Interest Rate 
3. Initial Amortization Period 
4. Initial Mortgage Payment $
5. Payment Frequency 
6. Lump Sum Payment (Annually) $
7. Mortgage Payment Increase (Annually) 
%
Year(s) Month(s)
 Accelerated: 
 Period:  Year(s)
 Period:  Year(s)
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Calculate Results

RESULTS

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.

Calculate Amortization Schedule

Calculate Payment & Balance Summary