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.

1. Mortgage Amount ($) Compute Help
2. Interest Rate (%) Compute Help
3. Initial Amortization Period Years Months Compute Help
4. Initial Mortgage Payment ($) Compute Help
5. Payment Frequency
Accelerated: 		 Help
6. Lump Sum Payment (Annually) $
Period:  Years		 Help
7. Mortgage Payment Increase (Annually)
Period:  Years		 Help


Compute 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.


Compute Amortization Schedule
Compute Payment & Balance Summary