To use this calculator change the above fields as desired:
- Mortgage Amount: Enter your mortgage amountthis is the Principal Loan Balance
- Interest Rate (%): Enter the annual interest rate
CANADIANS:Add a C (e.g. 7.75C) to use a conversion factor to convert Canadian rates to a US equivalent to use in the calculations.
None : No Prepayments
Monthly : Pre-pay a set amount each month
Annually : Pre-pay a set amount once each year
Bi-weekly A: 26 half paymts/yr – 2 half pre-paymts each 6 months
Bi-weekly B: 26 half paymts/yr – 1 full pre-paymt each 12 months
One Time : Pre-pay one set amount after a given # of months
Click here to compare offers from four different lenders.