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 Year(s) Month(s)
4. Initial 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.


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