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 ($)
2. Interest Rate (%)
3. Initial Amortization Period
4. Initial Mortgage Payment ($)
5. Payment Frequency
6. Lump Sum Payment (Annually)
7. Mortgage Payment Increase (Annually)
By making prepayments, the amount of time it will take to pay off your mortgage has been reduced by
This also represents a savings of $
Compute Amortization Schedule
Compute Payment & Balance Summary