Prepayment Analyser

Calculate the effects of prepaying by completing the boxes below. Click on HELP for any box if you do not know what to enter.
1. Mortgage Amount: $ Compute Mortgage Amount Help
2. Interest Rate:     % Compute Interest Rate Help
3. Initial Amortization Period:     Year(s) Month(s) Compute Amortization Period Help
4. Initial Mortgage Payment: $ Compute Mortgage Payment Help
5. Payment Frequency: Accelerated:   Help
6. Lump Sum Payment (Annually): $ Period:  Year(s)   Help
7. Mortgage Payment Increase (Annually): Period: Year(s)   Help

Compute Maximum Mortgage & Payment

Results

Revised Amortization period: Year(s) and Month(s).
This also represents a savings of $ in interest.
Information is provided for sample purposes only. Its accuracy is not guaranteed. Information should be verified and should not be relied upon as legal, financial, or other advice.
Canadian Mortgage Rates
June 29th 2022
1 year Fixed 4.09%*
2 year Fixed 4.49%*
3 year Fixed 4.59%*
4 year Fixed 4.69%*
5 year Fixed 4.69%*
5 year Variable 2.80%*
Home Equity Line 4.20%*
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