Home ownership tools
Know your home. Know what comes next.
One ownership toolkit helps you explore
Ownership tools include mortgage prepayment, home equity and amortization calculators.
Four details. One clearer number.
Estimate your real monthly home cost
Free planning calculator
Estimate your prepayment savings
Compare a regular Canadian mortgage schedule with optional extra payments and see the estimated interest and time saved.
How it works
Estimate your prepayment savings
Explore how a lump sum or a little extra with each payment may change a mortgage payoff timeline.
Financial Consumer Agency of Canada: Paying off your mortgage fasterWhat the estimate considers
- The entered interest rate stays unchanged for the modelled amortization.
- Actual lender prepayment privileges, limits and penalties are not assessed.
Good to know
Clear answers before you use this calculator.
Does this confirm what my lender allows?
No. Mortgage contracts set their own lump-sum and recurring prepayment privileges. Check your agreement before making a payment.
Why is the interest rate held constant?
A constant rate makes the two schedules comparable. Future renewal rates are unknown and can change the actual outcome.