Mortgage Accelerator            
See how increasing your
mortgage payment or changing
the payment frequency can 
reduce the life of the mortgage
and the total interest paid
      Scenario 1       Scenario 2    
     
    Mortgage loan $     $    
    Interest rate   %     %  
    Amortization   Yrs     Yrs  
    Payment frequency  
     
   
    Mortgage payment            
    Additional payment $     $    
    Total payment            
    Paid off in            
    Total interest            
Assumptions
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.
Disclaimer
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.
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