Below is our prepayment analyzer. It can be used to see what the effects of adding additional payments or a lump sum might be on your total interest paid and the length of the mortgage. Once you have filled out all of the necessary information, click “Calculate” at the top of the calculator.
Once you are done with the calculator, click “View Report” at the top of the calculator to see an in-depth review and explanation of the scenario.
This calculator features a full amortization table comparison between the normal and prepayment scenario.
All definitions are featured under the calculator.
For a more in-depth and professional review of your individual and personalized situation please give Harpreet Singh The Mortgage King a call at (416) 795-1919.
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