Affordability
Payment
Amortization
Comparison
Prepayment
View graph
View report
Print results
Save/Share results
View:
Payment over Time
Outstanding Mortgage Balance
View:
Mortgage Amount
The total amount of the mortgage.
Amortization Period
The number of months or years over which the mortgage is repaid. The maximum amortization period is 35 years.
Payment Frequency
You can choose how often you will make payments on your mortgage. Typically your overall interest paid is lower when you make more frequent payments. For example, an accelerated bi-weekly payment means you are essentially making the equivalent of one additional monthly payment each year.
Product
Please select the type of mortgage that best meets your needs or enter your own rate.
Mortgage Term
The length of the mortgage contract, which can be tied to a specific interest rate.
Interest Rate
The annual interest rate on your mortgage.
%
Mortgage Payment:
Interest over term:
Balance owing at term:
Total interest:
Total interest cost over amortization.
Next step?
Compare mortgage scenarios
Ready to go?
Get pre-approved now
Add Prepayments
Prepayment Type
For prepayments, you can choose a lump sum, percentage increase or dollar increase.
Amount
The amount (in dollars or as a percentage) that you will prepay.
Amount
The amount (in dollars or as a percentage) that you will prepay.
%
Payment Period
The payment period is an indicator of the number and order of payments. E.g. A mortgage with a 1-yr term paid monthly has 12 payment periods. A mortgage with a 2-year term paid semi-monthly has 48 payment periods. You can choose to apply the extra payment to any of the payment periods, for example the 5th, 10th, or 41st period.
Total savings:
Savings over term:
Mortgage-free earlier:
View graph
View report
Print results
Save/Share results
View:
Payment over Time
Outstanding Mortgage Balance
View:
Mortgage Amount
The total amount of the mortgage.
Payment Amount
The amount of principal and interest that will be paid regularly to service the mortgage during each payment period.
Payment Frequency
You can choose how often you will make payments on your mortgage. Typically your overall interest paid is lower when you make more frequent payments. For example, an accelerated bi-weekly payment means you are essentially making the equivalent of one additional monthly payment each year.
Product
Please select the type of mortgage that best meets your needs or enter your own rate.
Mortgage Term
The length of the mortgage contract, which can be tied to a specific interest rate.
Interest Rate
The annual interest rate on your mortgage.
%
Amortization Period:
Interest over term:
Balance owing at term:
Total interest:
Total interest cost over amortization.
Next step?
Compare mortgage scenarios
Ready to go?
Get pre-approved now
Add Prepayments
Prepayment Type
For prepayments, you can choose a lump sum, percentage increase or dollar increase.
Amount
The amount (in dollars or as a percentage) that you will prepay.
Amount
The amount (in dollars or as a percentage) that you will prepay.
%
Payment Period
The payment period is an indicator of the number and order of payments. E.g. A mortgage with a 1-yr term paid monthly has 12 payment periods. A mortgage with a 2-year term paid semi-monthly has 48 payment periods. You can choose to apply the extra payment to any of the payment periods, for example the 5th, 10th, or 41st period.
Total savings:
Savings over term:
Mortgage-free earlier:
View graph
View report
Print results
Save/Share results
View:
Payment over Time
Outstanding Mortgage Balance
View:
Scenario 1
Scenario 2
Scenario 3
Scenario 1
Scenario 2
Scenario 3
Mortgage Amount
The total amount of the mortgage.
Amortization Period
The number of months or years over which the mortgage is repaid. The maximum amortization period is 35 years.
Payment Frequency
You can choose how often you will make payments on your mortgage. Typically your overall interest paid is lower when you make more frequent payments. For example, an accelerated bi-weekly payment means you are essentially making the equivalent of one additional monthly payment each year.
Product
Please select the type of mortgage that best meets your needs or enter your own rate.
Mortgage Term
The length of the mortgage contract, which can be tied to a specific interest rate.
Interest Rate
The annual interest rate on your mortgage.
%
%
%
Mortgage payment:
Total interest:
Total interest cost over amortization.
Balance owing at term:
Interest over term:
Ready to go?
Get pre-approved now
Add Prepayments
Scenario 1
Scenario 2
Scenario 3
Prepayment Type
For prepayments, you can choose a lump sum, percentage increase or dollar increase.
Amount
The amount (in dollars or as a percentage) that you will prepay.
%
%
%
Payment Period
The payment period is an indicator of the number and order of payments. E.g. A mortgage with a 1-yr term paid monthly has 12 payment periods. A mortgage with a 2-year term paid semi-monthly has 48 payment periods. You can choose to apply the extra payment to any of the payment periods, for example the 5th, 10th, or 41st period.
Total savings:
Savings over term:
Mortgage-free earlier:
View graph
View report
Print results
Save/Share results
View:
Payment
Outstanding Mortgage Balance
View:
Scenario 1
Scenario 2
Scenario 3
Mortgage Balance
The principal balance after your last payment.
Mortgage Term
The number of years until renewal.
1
2
3
4
5
Prepayment Amount
The amount you want to prepay on your mortgage over and above the prepayment privilege amount.
Current Interest Rate
The current Interest Rate on your mortgage.
%
Estimated prepayment charge:
Next step?
Compare mortgage scenarios
Ready to go?
Get pre-approved now
To save or share your results, please copy the URL below. You can email your results or paste the URL into your browser.