Jorbins.com's Basic Mortgage Prepayment Calculator compares the effect of an extra payment or timely extra payments to the principal on a mortgage or loan.

Just enter the mortgage amount, interest rate, and the mortgage term(years), the amount of the prepayment as well as the frequency.

The mortgage prepayment calculator will generate two results for you:

1. The first result the calculator generates is the payment amount, total interest, and an amortization table for the mortgage without prepayments.

2. The second result the calculator generates is the interest saved, number of payments saved, and also the number of years/months saved for the mortgage with prepayments. The calculator will also generate an amortization table for this mortgage highlighting the prepayments.

Calculate Loan or Mortgage:
Loan Amount (principal):
Interest Rate: %
Loan Length (term): Year(s)
Prepayment Amount:
Prepayment Frequency: