Current Mortgage
If the client is mid-term, their real payment was set at their last renewal and may not match a fresh calculation — enter it here (from a statement or renewal letter) to use it directly instead of recalculating.
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.
Projected payoff date
Without extra payments—
With extra payments—
Calculated from today's date, based on the payoff time above.
Regular payment amount (calculated)
$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
MOS HUB
Cleveland Harris Mortgages · BRX Mortgage
FSRA Lic. #13463
FSRA Lic. #13463
Total interest saved
$0
New payoff time
—
Payoff moved up
—
Without extra payments
Payment$0
Payoff time—
Total interest$0
With extra payments
Payment$0
Payoff time—
Total interest$0
Estimate for discussion purposes only. Confirm any prepayment plan with your mortgage broker and lender before acting on it.
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.