PRE-PAYMENT ANALYZER

Calculate your mortgage payment. Discover how many years you can shorten your amortization. Discover the interest savings you can realize by making prepayments (lump sum) on your mortgage.

Fill in the blanks below. Click the “Calculate” button when you are finished.
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Mortgage Amount

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Interest Rate

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Initial Amortization Period

year(s)

month(s)
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Initial Mortgage Payment

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Payment Frequency



Accelerated:


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Lump Sum Payment (Annually)

Period

year(s)
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Mortgage Payment Increase


Period

year(s)

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Results
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Revised Amortization period

Year(s) and

Month(s).
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This also represents a savings of $
in interest.
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* Rates may vary provincially and are subject to change without notice OAC

Information is provided for sample purposes only. SherwoodMortgageGroup.com does not guarantee its accuracy. Information should be verified and should not be relied upon as legal, financial, or other advice.

 

 

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