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Includes options for extra payments. Work out interest and monthly repayments for your loan or mortgage.
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Mar 26, 2023 · This extra mortgage payment calculator allows you to see how increasing your regular mortgage payment by a certain amount can result in big interest savings over the long-run. It also calculates your mortgage interest savings just by switching to an accelerated bi-weekly or accelerated weekly mortgage payment.
Free mortgage payoff calculator to evaluate options to pay off a mortgage earlier, such as extra payments, bi-weekly payments, or paying back altogether.
Extra Mortgage Payments Calculator. This calculator allows you to enter an initial lump-sum extra payment along with extra monthly payments which coincide with your regular monthly payments. We also offer three other options you can consider for other additional payment scenarios.
This mortgage calculator gives a detailed breakdown of up to two mortgages and calculates payment schedules over your full amortization. You may also enter extra lump sum and pre-payment amounts. We also generate graphs, summaries of balances, payments, and interest over the life of your mortgage.
YearPaymentsTotalpaymentsLump Sumpayment112 x $889.12$10,669.44None 1% ...212 x $889.12$21,338.88None 1% ...312 x $889.12$32,008.32None 1% ...412 x $889.12$42,677.76None 1% ...- 4.54%
- Monthly
- 25 years
- $280,000
Jul 30, 2024 · Mortgage Calculator. From Financial Consumer Agency of Canada. This calculator determines your mortgage payment and provides you with a mortgage payment schedule. The calculator also shows how much money and how many years you can save by making prepayments.
Our calculator shows how extra payments can save you money and shorten your term. Calculate and start saving today!
Sep 2, 2024 · Use the mortgage with extra payments calculator to learn how paying extra on a mortgage affects your interest cost and repayment term.
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