Prepayment Analyzer

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.


1. Mortgage Amount: $

2. Interest Rate: %

3. Initial Amortization Period
    Year(s) Month(s)
4. Initial Mortgage Payment: $
5. Payment Frequency:  
     Accelerated: 
6. Lump Sum Payment (Annually):
    $  Period:  Year(s)
7. Mortgage Payment Increase (Annually):
     Period:  Year(s)

RESULTS
Revised Amortization period Year(s) and Month(s).
This also represents a savings of $ in interest.

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Contact: MyMortgage.ca Inc.
Phone: 403-509-1090
Toll FREE: 1-866-509-1090
Email: info@mymortgage.ca

The above is for illustrative purposes only. Canadian Rates are compounded semi-annually.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.