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Prepayment Analyzer

Calculate the effects of prepaying by completing the boxes below. Click on HELP for any box if you do not know what to enter.

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

$  Year(s)

7. Mortgage Payment Increase


Period:  Year(s)


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


Information is provided for sample purposes only. Its accuracy is not guaranteed. Information should be verified and should not be relied upon as legal, financial, or other advice.

MORTGAGE RATES
MTG TERM Smart Rates
Variable Rate 1.85%
1 Year Fixed 2.35%
2 Year Fixed 2.95%
3 Year Fixed 3.25%
4 Year Fixed 3.64%
5 Year Fixed 3.69%
7 Year Fixed 4.95%
10 Year Fixed 5.20%
*Updated , 2010


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