Current Mortgage
Extra Payments
Added to every regular payment, at the frequency selected above.
This lump sum is applied once, at this payment number.
Leave lump sum at $0 to model recurring extra payments only.
Regular payment amount
$0
Payment with extra amount added$0
Payoff time — without extra payments—
Payoff time — with extra payments—
Payoff comparison
Without extra payments—
With extra payments—
—
Interest cost
Total interest — without extra payments$0
Total interest — with extra payments$0
Total interest saved$0
All figures on this page are estimates for discussion purposes only and do not constitute a mortgage commitment or legal/financial advice. Calculations assume a fixed rate held for the full payoff period and semi-annual compounding as required under Canadian mortgage law; actual amortization schedules from your lender may vary slightly due to rounding, exact payment dates, and prepayment privilege limits set by your specific mortgage contract (many lenders cap annual lump-sum prepayments at 10-20% of the original principal). Confirm any prepayment plan with your mortgage broker and lender before acting on it.