Use this calculator to estimate your payments, compare loan borrowing costs and plan for upgrading your property in the future. It also allows you to see how prepaying your mortgage reduces the length of your mortgage. You can accelerate your loan payback by applying the savings on your energy bills to your loan to save thousands of dollars in interest and pay off your loan earlier.



This calculator compares traditional loan payment models and the GEM methods to reflect the difference in applying energy savings and bi-weekly payments on your loan. We recommend that at least half of your monthly savings should be used to pay your loan. Example: $200 energy savings @ 50% = $100 in energy savings that would be used to reduce your principal balance (Interest rates are subject to change and APR is calculated at maximum allowable loan costs).

This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan term. Terms of the loan may be subject to payment of points and fees by the applicant. Green Energy Money is not a licensed mortgage entity.