Would you like to look up a a word or a mortgage term you have heard or seen? Our Glossary of Terms contains many frequently used words and terms and provides their definitions as they are used within the real estate and mortgage industry.
We offer a selection of calculators here for your information. The following calculators will provide you information only, based on the data that you enter.
- Maximum Mortgage Calculator
- Mortgage Payment Calculator
- Repayment Changes Calculator
- HMP Calculator
- Prepayment Charge Calculator
It may be to your advantage—or disadvantage—to break your current fixed rate mortgage. This quick calculator will show you the cost of the penalty associated with paying off your mortgage before the maturity date. It assumes you are paying off your fixed rate closed mortgage today. This is meant to be an illustration of the penalty and the amount may vary. Please contact us to find out your exact prepayment penalty.
- Prepayment Privilege Calculator
There are many features designed to help you to build home equity faster and save money over the life of your mortgage. This calculator allows you to see the effects of accelerated payment frequency, making lump sum payments or increasing your mortgage payments. We have assembled a reference guide to make it easy for you to understand details about prepaying a mortgage and what this means to you. Please refer to your mortgage documentation to determine the features associated with your mortgage.
Contact an MCAP representative for more information.