Lump Sum
Calculator

Investors often have the options to either pay extra payments on their loan to pay off their loan faster or pay a lump sum amount to the loan. A lump sum is a single payment of money as opposed to a series of payments made over time.
Investors usually find themselves with extra assets and monies that could be used to pay the mortgage early. Smart Property Investment's lump sum repayment calculator determines exactly how much interest you could save over the years by adding a lump sum to your mortgage, the loan balance after five years, and the time and interest saved on your loan from adding this lump sum onto your loan.
DISCLAIMER: The information provided by this calculator is intended to provide an approximate estimate based on stated assumptions and inputs entered. For more information, read more on
Copyright, Legal and Disclaimers.
 

Definitions:

Loan amount

The total value of the loan applied for in a loan agreement.

Interest rate

The amount of interest due per period, as a proportion of the amount loaned, deposited or borrowed.

Loan term

The number of years needed to repay the loan, as indicated in the loan agreement.

Repayment scheme/frequency

The schedule in which repayment is made, whether the loan is paid every monthly, fortnightly, or on a weekly basis.

 

Lump sum amount

Amount to be paid as a large payment to your mortgage or loan agreement to satisfy and complete your agreement as early as possible.

Lump sum payment made after

Period of time that has passed from the start of the loan agreement until the current month when repayment was made in which the lump sum was applied to the loan agreement.

 

Monthly repayments

An amount that estimates the value of monthly repayments to be made to use by investors to satisfy the loan.

Time saved

Period of months or years in which the amount of lump sum applied to the loan agreement that is subtracted from the stipulated period of time in the loan agreement.

Interest saved

Amount of interest payments in which the amount of lump sum applied to the loan agreement that is subtracted from the stipulated total repayments to be made in the loan agreement.

DISCLAIMER:

The information provided by this calculator is intended to provide an approximate estimate based on stated assumptions and inputs entered. For more information, read more on Copyright, Legal and Disclaimers.

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