Calculate your mortgage payment. Discover how many years you will shorten your amortization and how much interest savings you will realize by making a prepayment (lump sum) on your mortgage.

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 Help
3. Initial Amortization Period
 Year(s) Month(s) Compute Amortization Period Help
4. Initial Mortgage Payment
 $ Compute Mortgage Payment Help
5. Payment Frequency
 Accelerated: Help
6. Lump Sum Payment (Annually)
 $ Period: Year(s) Help
7. Mortgage Payment Increase (Annually)
 Period: Year(s) Help
RESULTS
Revised Amortization period Year(s) and Month(s).
This also represents a savings of $ in interest.
Compute Amortization Schedule   Print Full Schedule