The Lump Sum Payments Calculator shows how one-off contributions (known as lump sums) toward your mortgage can reduce both the loan term and total interest paid. When you make a lump sum payment, your principal is directly reduced. This can significantly lower the remaining balance.
This calculator shows you how much money you can potentially save from making occasional lump sum payments. It provides insight into how even small additional contributions can lead to quicker repayment and lower interest costs over the life of the loan.
