See how increasing your mortgage payment or changing
the frequency of your payments can reduce the life of
the mortgage and the total interest you pay.
Create and compare two mortgage scenarios.
    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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