Prepayment Calculator

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

1Mortgage Amount
2Interest Rate
3Initial Amortization Period
Years     
Months
4Initial Mortgage Payment
5Payment Frequency
Accelerated?
6Lump Sum Payment
$
Period
Years
7Mortgage Payment Increase
Type
Period
Years
Your Prepayment Analysis:
Revised Amortization Period
Years     
Months
Savings on Interest Costs
$
NOTES
  • Calculations can vary by up to 10% on property type, interest rate type, and down payment amount
  • Contact your mortgage agent today to get an accurate estimate

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