Mortgage Accelerator            
  See how increasing your payment              
  or the frequency of your payments               
  can reduce the life of the mortgage              
  and the total interest you pay.              
      Scenario 1       Scenario 2    
    Mortgage loan $     $    
    Interest rate   %     %  
    Amortization   Yrs     Yrs  
    Payment frequency  
    Mortgage payment            
    Additional payment $     $    
    Total payment            
    Paid off in            
    Total interest            
The maximum amortization in Canada is 25 years on down payments of less than 20%.
You can select from three types of accelerated payments: accererated semi-monthly,
accelerated bi-weekly or accelerated weekly.
This calculator is for illustrative purposes only and may not reflect the actual numbers 
in your mortgage loan agreement. You should not rely on the results as indication of
your financial needs and we recommend that you seek out your own investment, legal,
tax or professional advice.
Powered by