Pay Off Your Mortgage Faster
See how changing your payment frequency, increasing payments, or making lump sums could save you tens of thousands.
Most Canadians pay far more mortgage interest than they need to — not because they can't afford to pay more, but because nobody showed them the math. Switching from monthly to accelerated bi-weekly payments alone can shave years off your amortisation and save tens of thousands in interest. Lump sum payments accelerate this even further.
This calculator models different payoff strategies — accelerated payments, annual lump sums, or a combination — so you can see exactly how many years you can knock off your mortgage and how much interest you'll save. Enter your current mortgage details and explore the scenarios that fit your budget.
💰 Small changes in payment strategy = massive interest savings.
At renewal is the best time to restructure. Read the renewal guide → or talk strategy with Shawn →
Prepayment privileges vary by lender — typically 10–20% annual lump sum and 10–20% payment increase. Exceeding your prepayment privilege triggers penalties. Confirm your lender's specific terms before making extra payments.