Prepaying Effects

Mortgage Amount ($):   Interest Rate (%):   Initial Amortization Period: Year(s)   Month(s)   Initial Mortgage Payment ($):   Payment Frequency: Monthly Semi-Monthly Bi-Weekly Weekly Payment is Accelerated: No Yes   Lump Sum Payment (Annually, $):  Period:Year(s) Mortgage Payment Increase (Annually): % $  Period:Year(s)   By making prepayments, the amount of time it will take to pay off your mortgage has been reduced by Y Years and M Months. This also represents a savings of $S in interest.