Prepayment Calculator Powered by Basis100
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.