Tools - Calculators


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.

Mortgage Amount

Interest Rate

Initial Amortization Period year(s) month(s)

Initial Mortgage Payment

Payment Frequency Monthly Semi-Monthly Bi-Weekly Weekly  Accelerated:  No Yes

Lump Sum Payment (Annually)   Period year(s)

Mortgage Payment Increase % $   Period year(s)

Results

Revised Amortization period Year(s) and Month(s).

This also represents a savings of $ in interest.

* 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.