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Mortgage Calculators


Prepayment Mortgage Reduction Calculator

INSTRUCTIONS
This calculator is designed to help you work out how quickly you can pay off a loan if you increase your monthly repayments and how much interest you would save by doing this.
  • Enter your loan amount, the original term of your loan and the interest rate.
  • Click the first button to calculate the monthly repayments based on your original term.
  • Enter your additional monthly repayment.
  • Click the second button to calculate your reduced loan term and interest saving.
 ENTER DETAILS BELOW
 Loan Amount $
 Original Term    years
 Interest Rate    %


  
 Monthly Repayment             $
 Additional Monthly Repayment $


  

 
Your reduced loan term will be years.

  You will save $ in interest.
 

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