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

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.