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 ($)
Compute
2. Interest Rate (%)
Compute
3. Initial Amortization Period
Years
Months
Compute
4. Initial Mortgage Payment ($)
Compute
5. Payment Frequency
Monthly
Semi-Monthly
Bi-Weekly
Weekly
Accelerated:
No
Yes
6. Lump Sum Payment (Annually)
$
Period:
Years
7. Mortgage Payment Increase (Annually)
%
$
Period:
Years
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