Canadian Association of Accredited Mortgage Professionals (CAAMP) / Association Canadienne des Conseillers Hypothécaires Accrédités (ACCHA)

Calculate the effects of prepaying by completing the boxes below.
Click on HELP for any box if you do not know what to enter.

1. Mortgage Amount	$
2. Interest Rate	%
3. Initial Amortization Period	Year(s) Month(s)
4. Initial Mortgage Payment	$
5. Payment Frequency	Accelerated:
6. Lump Sum Payment (Annually)	$ Period: Year(s)
7. Mortgage Payment Increase (Annually)	Period: Year(s)

RESULTS

By making prepayments, the amount of time it will take to pay off your mortgage has been reduced by Year(s) and Month(s).
This also represents a savings of $ in interest.

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