Lump Sum Payment (Annually)

The portion of the principal balance that you are entitled to pay off every year without paying a penalty to the lender. This amount is usually expressed as a percentage of the original mortgage balance. Please refer to your mortgage documentation to determine the features associated with your mortgage. If you don't know this information, you can find it by calling us.

Enter the dollar value of the lump sum payment that you want to apply. The Period represents the number of years you would like the lump sum applied.

ie. $2000 for a 5 year period. The calculation takes into account a $2000 principal payment every year, for 5 years.