PREPAYMENT CALCULATOR

See how extra payments could change your mortgage

Compare your original mortgage with regular extra payments and lump sums. The estimate does not include lender penalties or contractual limits.

CURRENT MORTGAGE

Mortgage balance

Interest rate

Remaining amortization

Payment frequency

EXTRA PAYMENTS

All fields are optional.

Extra with every payment

Increase regular payment to

Annual lump sum

One-time lump sum

Apply one-time lump sum after year(s)

ESTIMATED CHANGE

Interest saved —

Time saved —

Original payment: —
New regular payment: —
Original interest: —
Interest with prepayments: —
Original payoff time: —
New payoff time: —

Check your prepayment privileges

Your mortgage contract may limit payment increases or lump sums and may charge a penalty when you exceed those limits. Mortgagez.ca does not determine whether a prepayment is permitted.