Advice and tools
Advice and insight
An amortization schedule is a way to see exactly how your mortgage principal and interest payments are applied over the life of your loan.
You can also see how principal curtailments (extra payments you may make periodically, over and above your normal payment) can dramatically lower the amount of interest you pay over the life of the loan. Using our amortization spreadsheet, you can change curtailment amounts to adjust the impacts of those extra payments.
If you are a registered Personal Internet Banking customer, you can log on to your account and view your amortization schedule.
In the accelerated payments column, you can enter a fixed additional amount or place additional principal payments in designated months to see how they will shorten your mortgage term.
For example, to make an extra $1,000 payment each May after you receive your income tax refund, enter $1,000 wherever you see the month of May in column "A". You can do this for every year during your loan term, or you can put it in just the first few years to try it. When finished, press the F9 key again to calculate the new payments. If you scroll down the sheet, you can see how making just a few extra payments will shorten your loan. In fact, adding a $20.00 payment every month will shorten your term considerably.
If you have any questions about your HSBC mortgage, please call 800.338.4626. If you are an HSBC Premier client, please call 888.662.4722. We're here for you.
Mortgage and home equity products offered in the U.S. by HSBC Bank USA, N.A..Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be cancelled or are subject to change at anytime and cannot be combined with any other offer or discount.
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