I want to prepay my mortgage

Q: Do I use HSH.com's mortgage calculator to see the effect of prepaying my mortgage?

A: While the amortization calculator is a great tool, it can only do simple prepayment schemes. If you have plans on making irregular or occasional prepayments, you'll want to download HSH.com's free Homebuyer's Calculator Suite, which allows for more complicated prepayment methods -- changing amounts, occasional or infrequent extra payments, and more.

If you're not sure about the best way to prepay your mortgage, you can learn about the benefits and drawbacks of various prepayment methods in HSH's comprehensive Mortgage Prepayment Guide.