Mortgage Payment Calculator

Total Amount ($)

Down Payment ($)

Interest Rate (%)

Amortization Period (years)

 

4 Ways to pay off your mortgage sooner:

1. Instead of monthly payments, make bi-weekly payments

2. On the anniversary date of your mortgage, make lump sum payment

3. Increase your payment by 10-20% on the anniversary date

4. Make the same payments each month (or biweekly) as your principal borrowed amount gets lower