Lump Sum Repayment Calculator

Paying a lump sum off your loan can help reduce the total time it takes to repay the entire mortgage. But how much time will you save? Use our calculator below to find out.

INSTRUCTIONS

  1. Calculate your loan
  2. Enter an addtional lump sum amount
  3. Enter the period into the loan that the amount will be paid. (i.e. if you're paying a lump sum after 5 years of paying off the loan, enter 5)
Loan Details:
Amount borrowed:
$
Annual Interest Rate
%
Original loan term
year(s)
 
Enter numbers only.
Do not enter dollar signs or commas.
 
Repayments are:
Lump Sum Details:
Lump Sum Repayment ($)
Period into loan
year(s)
 
year(s)
NEW length of loan:
year(s)